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Franklin Town 02038
1 Lorusso Drive
$265,000
● House - Off Market

1 Lorusso Drive

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,890 Ft²
$856,485
RealtyHop Estimate
217.33%
Since Aug 1, 1999
National-US
Primary Model

About This Property

YOUNG COLONIAL IN FOREST HILL ESTATES-HARDWD FOYER,DIN&LIV RMS-RAISED PANEL OAK CAB-ISLAND-SIDING IS HARDIPLANK(SUPERIOR PRODUCT)-SLIDER TO DECK-CORNER LEVEL LOT-2 CAR ATT GAR-DON'T LET DECLAWED CAT OUT PLEASE-
Unit Size
1,890 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$143
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1996

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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 years ago (MLSPIN #30313106)

Price History

Date / Event Date Event Price
Jul 14, 1999 Sold
Premium
Sold
Apr 23, 1999 Listed by RE/MAX Executive Realty $269,900
Listed by RE/MAX Executive Realty
Jun 24, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 936
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,021
  • Total Building Area: 1,890
  • Gross Building Area: 3,912
  • Building Area: 1,890
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VICTORY SQUARE
  • Land Acres: 0000000574
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442201

Geography

  • Account Number: 32-020-13
  • Parcel: FRAN M:320 L:030
  • Lot: 30
  • Municipality: FRANKLIN
  • Latitude: 42.0575
  • Longitude: -71.4075

    Address

  • Full Address: 1 Lorusso Dr
  • Address - House Number: 1
  • Address - Street Name: Lorusso
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 2592
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $780,100

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 730,860
  • High Value: 847,910
  • Low Value: 613,811

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $661,700
  • Assessed Land Value: $328,600
  • Assessed Improvements Value: $333,100

    Sales

  • Current Sale Recording Date: Jul 14, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 24, 1996
  • Previous Sale Amount: $210,000
  • 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:

$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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30313106

Frequently Asked Questions

When was property at 1 Lorusso Drive built and last sold?
The property at 1 Lorusso Drive was built in 1996 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 1 Lorusso Drive is $0.
What are some comparable homes to 1 Lorusso Drive?
There are currently no comparable homes to 1 Lorusso Drive.
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