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Franklin Town 02038
2 Southgate Road
$360,000
● House - Off Market

2 Southgate Road

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,627 Ft²
$644,625
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Just in time for summer! Conveniently laid out and located is this oversized ranch with so many updates! Wide open eat-in kitchen with upgraded cabinets, flooring and counters, easily flowing to your classy fireplaced dining area! Rear bonus room absorbs any need you may have while serenely overlooking the pergola, hot tub, pool and superbly maintained landscape. Maximized, finished basement offers a suite, play room, additional family room, home office....whatever your needs are, they can be met here. Surprisingly spacious, pleasant decor, logical flow and appreciated updates make this a great buy in Franklin!
Unit Size
1,627 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$221
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1959

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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 #71805080)

Price History

Date / Event Date Event Price
May 22, 2015 Sold
Premium
Sold
Mar 23, 2015 Listed by Berkshire Hathaway HomeServices Page Realty $359,900
Listed by Berkshire Hathaway HomeServices Page Realty
Dec 19, 2007 Sold
Premium
Sold
Nov 20, 2007 Listed by Berkshire Hathaway HomeServices Page Realty $350,000
Listed by Berkshire Hathaway HomeServices Page Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,499
  • Total Building Area: 896
  • Gross Building Area: 2,318
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 896
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING GREEN RDG SEC 03
  • Land Acres: 0000000356
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442104

Geography

  • Account Number: 115-166
  • Parcel: FRAN M:236 L:177
  • Lot: 177
  • Municipality: FRANKLIN
  • Latitude: 42.1118
  • Longitude: -71.4286

    Address

  • Full Address: 2 Southgate Rd
  • Address - House Number: 2
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C013
  • 4-Digit Zip Code: 2730
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 540,817
  • High Value: 631,762
  • Low Value: 449,871

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $435,300
  • Assessed Land Value: $242,600
  • Assessed Improvements Value: $192,700

    Sales

  • Current Sale Recording Date: May 22, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44411
  • Previous Sale Recording Date: Dec 19, 2007
  • Previous Sale Amount: $345,000
  • 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

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2096 ft²

Average Home Age

52.8 years

Currently For Sale

43 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# 71805080

Frequently Asked Questions

When was property at 2 Southgate Road built and last sold?
The property at 2 Southgate Road was built in 1959 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 2 Southgate Road is $371,203.
What are some comparable homes to 2 Southgate Road?
There are currently no comparable homes to 2 Southgate Road.
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