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Franklin Town 02038
20 Penny Lane
$562,500
● House - Off Market

20 Penny Lane

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$1,213,023
RealtyHop Estimate
107.39%
Since Jun 1, 2009
National-US
Primary Model

About This Property

Beautiful new colonial located at end of cul de sac in 7 lot sub division. Columned front porch- 2 story foyer-9ft ceilings on 1st floor-tray ceiling dining room - parlor or office-chef's gourmet kit- gas counter top range- double wall oven- dishwasher & microwave- attached 16 x20 gas fireplaced familyroom pre- wired for surround sound- 2nd flr laundry- tiled bath room  floors- 1/2 bath has pedestal sink & matching toilet.2 zone central air. Four lots left for your design or builder's.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$195
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

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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 years ago (MLSPIN #70685218)

Price History

Date / Event Date Event Price
May 29, 2009 Sold
Premium
Sold
Dec 5, 2007 Listed by Coldwell Banker Realty - Westwood $584,900
Listed by Coldwell Banker Realty - Westwood

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,360
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,798
  • Total Building Area: 2,704
  • Gross Building Area: 5,154
  • Building Area: 2,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,704
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000001258
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 57-165
  • Parcel: FRAN M:297 L:208
  • Lot: 208
  • Municipality: FRANKLIN
  • Latitude: 42.0713
  • Longitude: -71.3909

    Address

  • Full Address: 20 Penny Ln
  • Address - House Number: 20
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 2383
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,037,800

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 938,527
  • High Value: 1,056,561
  • Low Value: 820,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $880,200
  • Assessed Land Value: $381,900
  • Assessed Improvements Value: $498,300

    Sales

  • Current Sale Recording Date: May 29, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 57664
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:

$695,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2053 ft²

Average Home Age

47.1 years

Currently For Sale

57 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 years ago
Data Source: MLS PIN, MLS# 70685218

Frequently Asked Questions

When was property at 20 Penny Lane built and last sold?
The property at 20 Penny Lane was built in 2007 and last sold on Jan 1, 1970 for $562,500.
How much is this home worth?
The estimated value of the home located at 20 Penny Lane is $0.
What are some comparable homes to 20 Penny Lane?
There are currently no comparable homes to 20 Penny Lane.
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