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Franklin Town 02038
16 Michael Road
$590,000
● House - Off Market

16 Michael Road

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,981 Ft²
$1,113,386
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Stately 2012 built home set on 1+ acres with 4 bedrooms and 2 1/2 baths.   Grand 2-story entry welcomes you to this fresh, light tastefully decorated home.  First floor features gleaming hard woods, 1st-floor office,  front-to-back living room and dining room set off by columns, beautiful island kitchen with gas cooking, and great eat-in area open to 22x14 fire placed family room with cathedral ceiling.   Master suite has tiled shower and oversized walk-in closet and bonus area. This home is mint and ready for you to move in.  Great neighborhood, wonderful commuter location and well-liked Jefferson grammar school!
Unit Size
2,981 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$201
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
2009

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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 #71655230)

Price History

Date / Event Date Event Price
Jun 21, 2021 Sold
Premium
Sold
Feb 17, 2021 Listed by Century 21 Commonwealth $730,000
Listed by Century 21 Commonwealth
Jun 13, 2014 Sold
Premium
Sold
Apr 3, 2014 Listed by Century 21 Commonwealth $599,000
Listed by Century 21 Commonwealth
Feb 6, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 1,510
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,213
  • Total Building Area: 2,779
  • Gross Building Area: 5,620
  • Building Area: 2,779
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,779
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001015
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 17-010
  • Parcel: FRAN M:334 L:007-001
  • Lot: 7-1
  • Municipality: FRANKLIN
  • Latitude: 42.0459
  • Longitude: -71.4118

    Address

  • Full Address: 16 Michael Rd
  • Address - House Number: 16
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 2566
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $954,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1501
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 917,622
  • High Value: 1,055,389
  • Low Value: 779,856

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $809,900
  • Assessed Land Value: $334,800
  • Assessed Improvements Value: $475,100

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80308
  • Previous Sale Recording Date: Jun 13, 2014
  • Previous Sale Amount: $590,000
  • 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

$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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71655230

Frequently Asked Questions

When was property at 16 Michael Road built and last sold?
The property at 16 Michael Road was built in 2009 and last sold on Jun 21, 2021 for $785,000.
How much is this home worth?
The estimated value of the home located at 16 Michael Road is $742,859.
What are some comparable homes to 16 Michael Road?
There are currently no comparable homes to 16 Michael Road.
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