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Franklin Town 02038
0 Lot#2 Lawrence Dr
$510,030
● House - Off Market

0 Lot#2 Lawrence Dr

Franklin, MA 02038
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,880 Ft²
$879,485
RealtyHop Estimate
69.16%
Since Apr 1, 2006
National-US
Primary Model

About This Property

PALLADINI VILLAGE-SINGLE FAMILY RANCH STYLE HOME- COMMON LAND-HOMEOWNERS ASSOC. FEE PAYS FOR MAINTAINING ROAD,PLOWING ROAD,DRIVEWAYS,WALKWAY & LANDSCAPING-TOWN SEWER-NATURAL GAS-BEAUTIFUL AREA-CONVENIENT LOCATION-CAN ADD SUNROOM, SCREENED PORCH OR BOTH IF YOU SELECT TO BUILD A CAPE FOR $619,900-1ST FLR MASTER SUITE-
Unit Size
1,880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$277
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1990

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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 #70050986)

Price History

Date / Event Date Event Price
Dec 12, 2008 Sold
Premium
Sold
Mar 28, 2006 Sold
Premium
Sold
Aug 13, 2004 Sold
Premium
Sold
Jun 17, 2004 Listed by RE/MAX Executive Realty $519,900
Listed by RE/MAX Executive Realty

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,918
  • Total Building Area: 2,160
  • Gross Building Area: 3,812
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLOCKE ACRES
  • Land Acres: 0000000756
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 49-080-01
  • Parcel: FRAN M:303 L:024
  • Lot: 24
  • Municipality: FRANKLIN
  • Latitude: 42.0692
  • Longitude: -71.3945

    Address

  • Full Address: 2 Lockewood Dr
  • Address - House Number: 2
  • Address - Street Name: Lockewood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 2347
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $827,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 783,300
  • High Value: 908,747
  • Low Value: 657,852

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $701,800
  • Assessed Land Value: $360,200
  • Assessed Improvements Value: $341,600

    Sales

  • Current Sale Recording Date: Dec 12, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 112107
  • Previous Sale Recording Date: Aug 13, 2004
  • Previous Sale Amount: $474,000
  • 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

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: 4 months ago
Data Source: MLS PIN, MLS# 70050986

Frequently Asked Questions

When was property at 2 Lawrence Drive built and last sold?
The property at 2 Lawrence Drive was built in 1990 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 2 Lawrence Drive is $526,291.
What are some comparable homes to 2 Lawrence Drive?
There are currently no comparable homes to 2 Lawrence Drive.
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