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Newton 02458 Newton Corner
137 Franklin Street
$2,500,000
● House - Off Market

137 Franklin Street

Newton, MA 02458
bedrooms
6 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6,755 Ft²
$5,293,739
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

New construction on Farlow Hill.  Magnificent floor plan offering well thought-out eat-in kitchen, adjacent sky-lit family room.  First floor library which can be used as a bedroom with full bath.  Second floor has four bedrooms each with their own bathroom.  Third floor has large recreation space and a bedroom and full bathroom.  The basement offers a 40x40 game room, full bath and bedroom.  Large lot with partially above grade walk-out lower level.  Tree-lined side street.  Minutes to pike.
Unit Size
6,755 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$385
Property Type
House
Property Taxes
$1,342
HOA Dues
-
Year Built
2010

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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: 5 months ago (MLSPIN #71323436)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Oct 5, 2021 Listed by Hammond Residential R. E. $4,180,000
Listed by Hammond Residential R. E.
Jun 1, 2012 Sold
Premium
Sold
Jan 4, 2012 Listed by Hammond Residential R. E. $2,599,000
Listed by Hammond Residential R. E.
May 18, 2010 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 2,102
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,731
  • Total Building Area: 5,020
  • Gross Building Area: 9,209
  • Building Area: 5,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000407
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373500

Zoning

  • Zoning: SR1

Geography

  • Account Number: 72033 0001A
  • District: 207
  • Parcel: NEWT S:72 B:033 L:0001A
  • Block: 33
  • Lot: 1A
  • Municipality: NEWTON
  • Latitude: 42.3492
  • Longitude: -71.1779

    Address

  • Full Address: 137 Franklin St
  • Address - House Number: 137
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton
  • Carrier Code: C032
  • 4-Digit Zip Code: 2411
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,890,800

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 4,378,273
  • High Value: 5,119,351
  • Low Value: 3,637,194

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,986,500
  • Assessed Land Value: $1,331,900
  • Assessed Improvements Value: $2,654,600

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 255941
  • Previous Sale Recording Date: Jun 01, 2012
  • Previous Sale Amount: $2,500,000
  • Previous Sale Document Type: O
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 Newton Corner

Stats & Trends

Median Asking:

$1,350,000

Sale Price/ft²

$544

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2765 ft²

Average Home Age

79.3 years

Currently For Sale

29 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$3,530 /mo

  • 2 Beds
  • 2 Baths
  • 1,322 ft²
20 Watertown St. #2 Bedrooms J, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71323436

Frequently Asked Questions

When was property at 137 Franklin Street built and last sold?
The property at 137 Franklin Street was built in 2010 and last sold on Nov 23, 2021 for $3,850,000.
How much is this home worth?
The estimated value of the home located at 137 Franklin Street is $4,151,387.
What are some comparable homes to 137 Franklin Street?
There are currently no comparable homes to 137 Franklin Street.
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