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Franklin Town 02038
15 Red Gate Lane
$605,000
● House - Off Market

15 Red Gate Lane

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,837 Ft²
$1,135,792
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Stunning brick front colonial in Cooks Farm Estates abutting Franklin Country Club. Two story foyer, large vaulted ceiling family room. Granite counters in kitchen and bathrooms. Large master bedroom with walk-in closet. Three other bedrooms, study & three full baths. Large finished basement. Tranquil tree lined large bright and open level back and front yards with six-zone sprinkler system. Town water, town sewer, gas, underground utilities. Four zone forced hot water by gas and central air.
Unit Size
3,837 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$167
Property Type
House
Property Taxes
$645
HOA Dues
-
Year Built
1997

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71881994)

Price History

Date / Event Date Event Price
Jul 29, 2021 Sold
Premium
Sold
Jun 11, 2021 Listed by www.EntryOnly.com $899,000
Listed by www.EntryOnly.com
Dec 16, 2015 Sold
Premium
Sold
Jul 31, 2015 Listed by www.EntryOnly.com $639,900
Listed by www.EntryOnly.com

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,354
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,517
  • Total Building Area: 2,772
  • Gross Building Area: 6,106
  • Building Area: 2,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000586
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442203

Geography

  • Account Number: 59-007-30
  • Parcel: FRAN M:284 L:049
  • Lot: 49
  • Municipality: FRANKLIN
  • Latitude: 42.0781
  • Longitude: -71.3724

    Address

  • Full Address: 15 Red Gate Ln
  • Address - House Number: 15
  • Address - Street Name: Red Gate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C018
  • 4-Digit Zip Code: 1365
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,086,200

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 1,019,092
  • High Value: 1,172,283
  • Low Value: 865,901

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $921,300
  • Assessed Land Value: $373,800
  • Assessed Improvements Value: $547,500

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 99112
  • Previous Sale Recording Date: Dec 16, 2015
  • Previous Sale Amount: $605,000
  • Previous Sale Document Type: O

    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:

$699,000

Sale Price/ft²

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2141 ft²

Average Home Age

52.5 years

Currently For Sale

46 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# 71881994

Frequently Asked Questions

When was property at 15 Red Gate Lane built and last sold?
The property at 15 Red Gate Lane was built in 1997 and last sold on Jul 29, 2021 for $910,000.
How much is this home worth?
The estimated value of the home located at 15 Red Gate Lane is $910,386.
What are some comparable homes to 15 Red Gate Lane?
There are currently no comparable homes to 15 Red Gate Lane.
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