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Franklin Town 02038
1 Heritage Way
$459,500
● House - Off Market

1 Heritage Way

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,606 Ft²
$1,025,869
RealtyHop Estimate
118.74%
Since Feb 1, 2004
National-US
Primary Model

About This Property

THIS HOME WAS BUILT WITH THE FAMILY IN MIND. OPEN FLOOR PLAN WITH A TRADITIONAL FLAIR. BEAUTIFUL AND LOVINGLY CARED FOR. FAM. RM W/CATH. CEILING AND FLR TO CEILNG FIREPLACE, UNDRGR SPRNK. SYS. FIN. BSMT, WRP ARND MAHOG, DECK,YR ROUND SUN RM
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$180
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #30780268)

Price History

Date / Event Date Event Price
Jan 29, 2004 Sold
Premium
Sold
Oct 15, 2003 Listed by 495 Realty Group, Inc. $469,000
Listed by 495 Realty Group, Inc.
Aug 17, 2000 Sold
Premium
Sold
May 20, 2000 Listed by 495 Realty Group, Inc. $304,900
Listed by 495 Realty Group, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,472
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,798
  • Total Building Area: 2,382
  • Gross Building Area: 4,609
  • Building Area: 2,382
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,382
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000000776
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442104

Geography

  • Account Number: 108-030
  • Parcel: FRAN M:235 L:020
  • Lot: 20
  • Municipality: FRANKLIN
  • Latitude: 42.1112
  • Longitude: -71.4141

    Address

  • Full Address: 1 Heritage Way
  • Address - House Number: 1
  • Address - Street Name: Heritage
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Franklin
  • Carrier Code: R007
  • 4-Digit Zip Code: 2760
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $858,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1596
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 820,356
  • High Value: 951,357
  • Low Value: 689,355

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $728,000
  • Assessed Land Value: $332,300
  • Assessed Improvements Value: $395,700

    Sales

  • Current Sale Recording Date: Jan 29, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 17, 2000
  • Previous Sale Amount: $304,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin Town

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2076 ft²

Average Home Age

49.2 years

Currently For Sale

66 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30780268

Frequently Asked Questions

When was property at 1 Heritage Way built and last sold?
The property at 1 Heritage Way was built in 1986 and last sold on Jan 1, 1970 for $459,500.
How much is this home worth?
The estimated value of the home located at 1 Heritage Way is $487,561.
What are some comparable homes to 1 Heritage Way?
There are currently no comparable homes to 1 Heritage Way.
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