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Franklin Town 02038
1 Island Road
$280,000
● House - Off Market

1 Island Road

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$637,962
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

Lovely Franklin split entry in Kennedy School district.  Many updates found in this three bedroom home with finished room above garage which can be used for family room or home office.  Interior has been freshly painted, refinished wood floors throughout, roof replaced in 2008, windows replaced in 2005, and replaced electric panel.  Unfinised basement.  Partially fenced in yard for the kids and pets.  Circular driveway and one car garage.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$219
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1962

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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: 4 months ago (MLSPIN #71335989)

Price History

Date / Event Date Event Price
May 31, 2012 Sold
Premium
Sold
Feb 7, 2012 Listed by William Raveis Brickstone Residential $294,000
Listed by William Raveis Brickstone Residential
Nov 17, 2008 Sold
Premium
Sold
Sep 2, 2008 Listed by William Raveis Brickstone Residential $294,900
Listed by William Raveis Brickstone Residential

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,344
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,991
  • Total Building Area: 1,344
  • Gross Building Area: 2,848
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 142-064
  • Parcel: FRAN M:209 L:047
  • Lot: 47
  • Municipality: FRANKLIN
  • Latitude: 42.1365
  • Longitude: -71.4302

    Address

  • Full Address: 1 Island Rd
  • Address - House Number: 1
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C007
  • 4-Digit Zip Code: 2617
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,100

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 608,097
  • High Value: 710,357
  • Low Value: 505,838

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $543,800
  • Assessed Land Value: $236,200
  • Assessed Improvements Value: $307,600

    Sales

  • Current Sale Recording Date: May 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000125
  • Previous Sale Recording Date: Nov 17, 2008
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: 48
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:

$699,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

52.3 years

Currently For Sale

47 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71335989

Frequently Asked Questions

When was property at 1 Island Road built and last sold?
The property at 1 Island Road was built in 1962 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 1 Island Road is $305,260.
What are some comparable homes to 1 Island Road?
There are currently no comparable homes to 1 Island Road.
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