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Franklin Town 02038
Lot 1 Union Meadows Road
$809,882
● House - Off Market

Lot 1 Union Meadows Road

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,143 Ft²
$1,072,750
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

WELCOME TO FRANKLIN'S NEWEST 7 HOME SUBDIVISION UNION MEADOWS! GORGEOUS NEW CONSTRUCTION IN A PREMIER LOCATION SITUATED ON   ONE ACRE LOTS +/-.  THESE CUSTOM HOMES OFFER OUTSTANDING QUALITY, SOPHISTICATED STYLE AND EXTRAORDINARY CRAFTSMANSHIP THROUGHOUT.  GORGEOUS CUSTOM KITCHEN WITH STAINLESS STEEL APPLIANCES, CUSTOM FINISHED TRIM, GENEROUS ALLOWANCES,2.5 BATHS & MORE.  THIS HOME IS BEING OFFERED AT AN EXCEPTIONAL PRE CONSTRUCTION PRICE, LOCAL DEVELOPER COMMITTED TO EXCELLENCE AND SUPERIOR QUALITY.  CALL TO SET UP A BUILDERS MEETING.....OTHER HOME STYLES AND LOTS ARE AVAILABLE.  ONE ACRE +/- LOTS
Unit Size
3,143 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$216
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017

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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 #72125447)

Price History

Date / Event Date Event Price
Jan 12, 2018 Sold
Premium
Sold
May 26, 2017 Sold
Premium
Sold
Dec 16, 2016 Listed by Century 21 Commonwealth $679,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 1,400
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,215
  • Total Building Area: 3,048
  • Gross Building Area: 7,292
  • Building Area: 3,048
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000923
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 18-005
  • Parcel: FRAN M:330 L:015-006
  • Lot: 15-6
  • Municipality: FRANKLIN
  • Latitude: 42.0499
  • Longitude: -71.3946

    Address

  • Full Address: 1 Union Meadow Rd
  • Address - House Number: 1
  • Address - Street Name: Union Meadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 4515
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,139,700

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 1,080,234
  • High Value: 1,216,090
  • Low Value: 944,379

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $966,700
  • Assessed Land Value: $242,800
  • Assessed Improvements Value: $723,900
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

$337

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2076 ft²

Average Home Age

51.3 years

Currently For Sale

42 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: 4 months ago
Data Source: MLS PIN, MLS# 72125447

Frequently Asked Questions

When was property at 1 Union Meadows Road built and last sold?
The property at 1 Union Meadows Road was built in 2017 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 Union Meadows Road is $701,715.
What are some comparable homes to 1 Union Meadows Road?
There are currently no comparable homes to 1 Union Meadows Road.
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