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Franklin Town 02038
218 Summer Street
$325,000
● House - Off Market

218 Summer Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,377 Ft²
$615,076
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

A Charming Cape Style Home Near Center of Town & Easy Access to 495. This Stylish Home Offers a Spacious Living Room with a Beamed Ceiling & Bamboo Flooring Open to the Eat-in Kitchen. A Den w/Bamboo Flooring & Crown Molding is off Living Room and there is a First Floor Bedroom & Recently Renovated Full Bath. Hardwood Staircase Leads to the Second Floor with an Updated Full Bath & Two Good Sized Bedrooms, the Master w/Surround Sound. A Back Mudroom off the Kitchen Leads to the Yard &  Two Car Garage.  Important Updates Include: Roof (House & Garage) 2009, Boiler 2012, Replacement Windows, 200 Amp Electric, Freshly Painted Interior & Newly Painted Garage.
Unit Size
1,377 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$240
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1940

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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 #71749687)

Price History

Date / Event Date Event Price
Jan 9, 2015 Sold
Premium
Sold
Sep 29, 2014 Listed by Coldwell Banker Residential Brokerage - Franklin $329,900
Listed by Coldwell Banker Residential Brokerage - Franklin
Jun 24, 2008 Sold
Premium
Sold
Feb 26, 2008 Listed by Coldwell Banker Residential Brokerage - Franklin $329,900
Listed by Coldwell Banker Residential Brokerage - Franklin
Sep 12, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 11
  • 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: 918
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,406
  • Total Building Area: 1,239
  • Gross Building Area: 2,754
  • Building Area: 1,239
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,239
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000239
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 58-013
  • Parcel: FRAN M:297 L:003
  • Lot: 3
  • Municipality: FRANKLIN
  • Latitude: 42.0763
  • Longitude: -71.391

    Address

  • Full Address: 218 Summer St
  • Address - House Number: 218
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1411
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $517,000

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 531,220
  • High Value: 620,552
  • Low Value: 441,889

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,500
  • Assessed Land Value: $241,300
  • Assessed Improvements Value: $197,200

    Sales

  • Current Sale Recording Date: Jan 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2220
  • Previous Sale Recording Date: Jun 24, 2008
  • Previous Sale Amount: $320,000
  • 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

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2029 ft²

Average Home Age

52.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71749687

Frequently Asked Questions

When was property at 218 Summer Street built and last sold?
The property at 218 Summer Street was built in 1940 and last sold on Jan 1, 1970 for $325,000.
How much is this home worth?
The estimated value of the home located at 218 Summer Street is $338,970.
What are some comparable homes to 218 Summer Street?
There are currently no comparable homes to 218 Summer Street.
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