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Franklin Town 02038
21 Mechanic Place
$370,000
● House - Off Market

21 Mechanic Place

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$609,909
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

If you are a wildlife enthusiast, you'll love the 3 1/2 acres of land that is part of the package of this lovely three bedroom home.  A front to back three season room accessible from the eat in kitchen, with wrap around deck, provides plenty of entertainment space or just a nice place to relax!!   A full walkout lower level offers the potential for finished recreational and living space.  Franklin offers a lovely town center, is a collegiate town and has access to a commuter train.  All of the amenities needed for an active lifestyle with a touch of country!!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
3.56 acres
Price per sqft
$377
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1973

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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 #72154543)

Price History

Date / Event Date Event Price
Jun 2, 2017 Sold
Premium
Sold
Apr 27, 2017 Listed by RE/MAX Executive Realty $379,900
Listed by RE/MAX Executive Realty

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 155,291
  • Total Building Area: 1,008
  • Gross Building Area: 3,082
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003565
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 139-030
  • Parcel: FRAN M:206 L:090
  • Lot: 90
  • Municipality: FRANKLIN
  • Latitude: 42.132
  • Longitude: -71.3908

    Address

  • Full Address: 21 Mechanic St
  • Address - House Number: 21
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: R002
  • 4-Digit Zip Code: 1010
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $608,500

    Appraisal Valuation

  • Standard Deviation: 0.1563
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 596,017
  • High Value: 689,189
  • Low Value: 502,845

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $516,100
  • Assessed Land Value: $288,200
  • Assessed Improvements Value: $227,900

    Sales

  • Current Sale Recording Date: Jun 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48117
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

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

52.3 years

Currently For Sale

47 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# 72154543

Frequently Asked Questions

When was property at 21 Mechanic Place built and last sold?
The property at 21 Mechanic Place was built in 1973 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 21 Mechanic Place is $381,627.
What are some comparable homes to 21 Mechanic Place?
There are currently no comparable homes to 21 Mechanic Place.
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