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Franklin Town 02038
15 Walnut Avenue
$510,000
● House - Off Market

15 Walnut Avenue

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,685 Ft²
$499,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Fantastic opportunity to own a home located in the center of Franklin featuring 3 bedrooms, with an optional first floor main bedroom, 2 full baths, and a 2 car garage.Beautiful kitchen with white cabinetry, granite counters, gorgeous island with waterfall style granite and plenty of seating. Super close to Nason Street playground, commuter rail, downtown restaurants, Dean College, shopping and all of the activities at the town common. Large living/dining room combo with built in wooden shelving, pocket doors, and period style trim. Hardwoods throughout and great closet space. Not brand new but updated boiler, electric panel and windows. Off street parking and fenced yard. Huge bonus...the house has a certificate of compliance for lead paint treatment, a rare and excellent component for safety, ownership and resale.
Unit Size
1,685 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$297
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1925

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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 #73166237)

Price History

Date / Event Date Event Price
Nov 28, 2023 Sold
Premium
Sold
Oct 9, 2023 In contract -
In contract
Oct 3, 2023 Listed by Keller Williams Elite $499,900
Listed by Keller Williams Elite
Aug 12, 2019 No longer available -
No longer available
Jun 19, 2019 Price Decreased $350,000
↓ $30K (7.9%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 838
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,883
  • Total Building Area: 1,685
  • Gross Building Area: 2,539
  • Building Area: 1,685
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,685
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442204

Geography

  • Account Number: 66-081
  • Parcel: FRAN M:286 L:234
  • Lot: 234
  • Municipality: FRANKLIN
  • Latitude: 42.0814
  • Longitude: -71.4005

    Address

  • Full Address: 15 Walnut Ave
  • Address - House Number: 15
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Franklin
  • Carrier Code: C011
  • 4-Digit Zip Code: 2117
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $500,400

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 521,468
  • High Value: 610,701
  • Low Value: 432,235

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,400
  • Assessed Land Value: $239,300
  • Assessed Improvements Value: $185,100

    Sales

  • Current Sale Contract Date: Nov 28, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 78299
  • Previous Sale Recording Date: Jul 16, 2018
  • Previous Sale Amount: $292,000
  • 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 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73166237

Frequently Asked Questions

When was property at 15 Walnut Avenue built and last sold?
The property at 15 Walnut Avenue was built in 1925 and last sold on Nov 28, 2023 for $510,000.
How much is this home worth?
The estimated value of the home located at 15 Walnut Avenue is $501,351.
What are some comparable homes to 15 Walnut Avenue?
There are currently no comparable homes to 15 Walnut Avenue.
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