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Franklin Town 02038
14 Parliament Dr
$498,000
● House - Off Market

14 Parliament Dr

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,236 Ft²
$508,610
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This is the one!  Impeccably updated Ranch is prime Franklin location convenient to Shopping, amenities, highway access and 2 miles from Commuter rail.  Walk to School or enjoy the 15,000 sq ft lot. Inside Bright and sunny with Open Concept floorplan.  Chef's kitchen with custom cabinetry, recessed lighting, tile backsplash, granite counters and stainless appliances. Fireplaced living room with hardwood floors and oversized Family Room addition in the rear.  3 Bedrooms with hardwoods and gleaming tile bathroom.  Attached garage with interior access and full basement with expansion potential.  New and Efficient Gas Furnace and Gas Hot Water... Too much to list!  Showings begin at Open House Saturday 1/28 11am.  Offer deadline Tuesday 1/31 at 5pm.
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$404
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1959

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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 #73073237)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Feb 2, 2023 In contract -
In contract
Jan 24, 2023 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services
Dec 3, 2021 Sold
Premium
Sold
Oct 13, 2021 Listed by William Raveis R.E. & Home Services $295,000
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,236
  • Gross Building Area: 2,196
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 115-120
  • Parcel: FRAN M:236 L:128
  • Lot: 128
  • Municipality: FRANKLIN
  • Latitude: 42.1125
  • Longitude: -71.426

    Address

  • Full Address: 14 Parliament Dr
  • Address - House Number: 14
  • Address - Street Name: Parliament
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C013
  • 4-Digit Zip Code: 2743
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 518,257
  • High Value: 609,947
  • Low Value: 426,567

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $413,300
  • Assessed Land Value: $242,500
  • Assessed Improvements Value: $170,800

    Sales

  • Current Sale Contract Date: Apr 07, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20107
  • Previous Sale Recording Date: Dec 03, 2021
  • Previous Sale Contract Date: Dec 02, 2021
  • Previous Sale Amount: $322,000
  • Previous Sale Document Type: 35

    Financing

  • First Mortgage Financing Type: ADJ
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

2089 ft²

Average Home Age

48.5 years

Currently For Sale

67 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: 6 months ago
Data Source: MLS PIN, MLS# 73073237

Frequently Asked Questions

When was property at 14 Parliament Drive built and last sold?
The property at 14 Parliament Drive was built in 1959 and last sold on Apr 7, 2023 for $498,000.
How much is this home worth?
The estimated value of the home located at 14 Parliament Drive is $495,035.
What are some comparable homes to 14 Parliament Drive?
There are currently no comparable homes to 14 Parliament Drive.
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