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Franklin Town 02038
16 Pine Ridge Dr
$464,900
● House - Off Market

16 Pine Ridge Dr

Franklin, MA 02038
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$703,270
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Everything about 16 Pine Ridge Drive says warm, inviting, and home.    Spacious, sun filled rooms grace the interior of this full 5 bedroom Gambrel located in a very desirable and convenient  Franklin neighborhood.  Kitchen has been recently renovated with an abundance of cherry cabinets and silestone countertops, window seat storage and lots of light!   Fireside dining area and a front to back family room with built-in cabinetry. This home offers 2 full baths and all 5 generous size bedrooms are located on the 2nd floor. Generous closet space.  Full basement great for storage and makes a terrific work shop. Economical natural gas heat, and brand new roof (2018).  The yard is wonderful, level, and private in the back.  A gardeners delight!    If you love to entertain indoors and out, this is the home for you!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$232
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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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 #72336148)

Price History

Date / Event Date Event Price
Aug 10, 2018 Sold
Premium
Sold
May 30, 2018 Listed by RE/MAX Executive Realty $464,900
Listed by RE/MAX Executive Realty
May 26, 2011 Sold
Premium
Sold
Apr 8, 2011 Listed by RE/MAX Executive Realty $289,900
Listed by RE/MAX Executive Realty
5 Bedrooms, and all on the 2nd floor! Equity builder here! Loaded with potential! Spacious, sun filled rooms. A flexible floor plan. Fireplace, lots of builts ins. Formal dining. 2 full baths. Updated electrical. 1st floor laundry. There are some unfinished cosmetic aspects 2nd floor carpet. No heat 2nd floor. Located on a beautiful lot too, in a very nice neighborhood that is close enough to walk to downtown Franklin, and Boston "T".
Oct 11, 2010 Listed by RE/MAX Executive Realty $289,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,032
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 2,022
  • Gross Building Area: 3,208
  • Building Area: 2,022
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,022
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MACKINTOSH ESTATES
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442101

Geography

  • Account Number: 93-073
  • Parcel: FRAN M:250 L:132
  • Lot: 132
  • Municipality: FRANKLIN
  • Latitude: 42.0988
  • Longitude: -71.392

    Address

  • Full Address: 16 Pine Ridge Dr
  • Address - House Number: 16
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C021
  • 4-Digit Zip Code: 1631
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,800

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 688,073
  • High Value: 803,782
  • Low Value: 572,365

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $607,100
  • Assessed Land Value: $243,700
  • Assessed Improvements Value: $363,400

    Sales

  • Current Sale Recording Date: Aug 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70152
  • Previous Sale Recording Date: May 26, 2011
  • Previous Sale Amount: $266,500
  • Previous Sale Document Type: 27
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

$337

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

51.3 years

Currently For Sale

42 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72336148

Frequently Asked Questions

When was property at 16 Pine Ridge Drive built and last sold?
The property at 16 Pine Ridge Drive was built in 1950 and last sold on Jan 1, 1970 for $464,900.
How much is this home worth?
The estimated value of the home located at 16 Pine Ridge Drive is $461,743.
What are some comparable homes to 16 Pine Ridge Drive?
There are currently no comparable homes to 16 Pine Ridge Drive.
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