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Franklin Town 02038
189 School Street
Photo of 189 School Street
Sold on Jul 1, 2025

21

Map

Photo of 189 School Street
Photo of 189 School Street
$540,000
● House - Off Market

189 School Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,449 Ft²
$2,936
Est. Monthly
6.53%
Cap Rate

About This Property

WELCOME HOME~ESTATE SALE~PROPERTY BEING SOLD "AS IS"~BUILDERS/CONRACTORS/INVESTORS/D.I.Y. take notice to this wonderful property set back from the road with beautiful level backyard with inground pool which has been opened up and ready to enjoy for summer fun. Old Style Home ready for you to make your own with personal touches. 7 Rms/3 to 4 Bedrooms, Full Bath, Open eat-in Kitchen~Backyard perfect to create your own resort. TOWN WATER/TOWN SEWER/Natural Gas/Oil Heat. Close to commuter train to Boston, Shopping, Restaurants, Rt 495~Stroll to the town common for outdoor summer events. Excellent opportunity for the right buyer! Just maybe that's you!~Any, and all OFFERS DUE by Monday, June 2nd 5:00pm~Please allow Sellers 24 hrs to respond from offer deadline~Thank you!
Unit Size
1,449 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$345
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1880

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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: 2 years ago (MLSPIN #73380099)

Price History

Date / Event Date Event Price
Jul 1, 2025 Sold
Premium
Sold
Jun 3, 2025 In contract -
In contract
May 27, 2025 Listed $499,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 741
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,800
  • Total Building Area: 1,449
  • Gross Building Area: 2,336
  • Building Area: 1,449
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,449
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000478
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 74-200
  • Parcel: FRAN M:278 L:151
  • Lot: 151
  • Municipality: FRANKLIN
  • Latitude: 42.0855
  • Longitude: -71.4039

    Address

  • Full Address: 189 School St
  • Address - House Number: 189
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C031
  • 4-Digit Zip Code: 2017
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $568,600

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 537,186
  • High Value: 655,595
  • Low Value: 418,777

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $482,300
  • Assessed Land Value: $327,200
  • Assessed Improvements Value: $155,100
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

2071 ft²

Average Home Age

50.8 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: 2 years ago
Data Source: MLS PIN, MLS# 73380099

Frequently Asked Questions

When was property at 189 School Street built and last sold?
The property at 189 School Street was built in 1880 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 189 School Street is $0.
What are some comparable homes to 189 School Street?
There are currently no comparable homes to 189 School Street.
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