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Franklin Town 02038
240 Summer Street
Photo of 240 Summer Street
Sold on Aug 26, 2011

1

Map

$367,400
● House - Off Market

240 Summer Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,512 Ft²
$819,839
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

Vacation at home! Home features 3 floors of space, lots of charm and details. Super oversized family room opens to enclosed private yard with in ground pool. Updates include roof, heating system and hot water tank, family room remodeling, electrical update, pool upgrades and extensive landscaping. A list will be available at showings. Large country kitchen, living room with bay/bow window. Third floor walkup. possible 5 beds. Recent addition of safety fence around pool, prof installed.
Unit Size
2,512 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$147
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71233066)

Price History

Date / Event Date Event Price
Aug 26, 2011 Sold
Premium
Sold
May 15, 2011 Listed by REMAX Executive Realty $369,900
Listed by REMAX Executive Realty
Apr 15, 2004 Sold
Premium
Sold
Jan 6, 2004 Listed by REMAX Executive Realty $355,000
Listed by REMAX Executive Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 651
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 16,710
  • Total Building Area: 2,584
  • Gross Building Area: 3,927
  • Building Area: 2,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,584
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000384
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 58-020
  • Parcel: FRAN M:297 L:008
  • Lot: 8
  • Municipality: FRANKLIN
  • Latitude: 42.0755
  • Longitude: -71.3905

    Address

  • Full Address: 240 Summer St
  • Address - House Number: 240
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1466
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $565,200

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 829,200
  • High Value: 1,011,975
  • Low Value: 646,424

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,400
  • Assessed Land Value: $242,900
  • Assessed Improvements Value: $236,500

    Sales

  • Current Sale Recording Date: Aug 26, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: Apr 15, 2004
  • Previous Sale Amount: $347,500
  • 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:

$692,000

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 months ago
Data Source: MLS PIN, MLS# 71233066

Frequently Asked Questions

When was property at 240 Summer Street built and last sold?
The property at 240 Summer Street was built in 1880 and last sold on Jan 1, 1970 for $367,400.
How much is this home worth?
The estimated value of the home located at 240 Summer Street is $397,073.
What are some comparable homes to 240 Summer Street?
There are currently no comparable homes to 240 Summer Street.
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