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Franklin Town 02038
27 Marvin Ave
$550,000
● House - Off Market

27 Marvin Ave

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,930 Ft²
$529,380
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Come home and relax on the beautiful front porch of this charming Franklin colonial, located on a beautiful tree lined street, near the town center. Featuring hardwood floors throughout, 3 bedrooms, 2 full bathrooms, a spacious living room with fireplace, formal dining room, updated kitchen w/ granite and an abundance of cabinet space, family room off the kitchen, mudroom/laundry room and 3 season porch overlooking the backyard. Two car garage and unfinished basement offer great storage and extra space. Kitchen and family room renovated in 2014, new roof in 2018 and new furnace in 2015. First showings at Open House Friday, July 29.
Unit Size
1,930 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$264
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #73018087)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Jul 27, 2022 Listed by Donahue Real Estate Co. $509,000
Listed by Donahue Real Estate Co.
Jul 29, 1994 Sold
Premium
Sold
Jul 20, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 699
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,895
  • Total Building Area: 1,930
  • Gross Building Area: 3,083
  • Building Area: 1,930
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,930
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442101

Geography

  • Account Number: 74-192
  • Parcel: FRAN M:278 L:143
  • Lot: 143
  • Municipality: FRANKLIN
  • Latitude: 42.0861
  • Longitude: -71.4043

    Address

  • Full Address: 27 Marvin Ave
  • Address - House Number: 27
  • Address - Street Name: Marvin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Franklin
  • Carrier Code: C031
  • 4-Digit Zip Code: 2008
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $633,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 602,775
  • High Value: 704,899
  • Low Value: 500,650

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $537,400
  • Assessed Land Value: $323,400
  • Assessed Improvements Value: $214,000

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85311
  • Previous Sale Recording Date: Jul 29, 1994
  • Previous Sale Amount: $169,900
  • 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:

$697,000

Sale Price/ft²

$335

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2016 ft²

Average Home Age

49.2 years

Currently For Sale

66 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: 5 months ago
Data Source: MLS PIN, MLS# 73018087

Frequently Asked Questions

When was property at 27 Marvin Avenue built and last sold?
The property at 27 Marvin Avenue was built in 1920 and last sold on Sep 29, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 27 Marvin Avenue is $525,638.
What are some comparable homes to 27 Marvin Avenue?
There are currently no comparable homes to 27 Marvin Avenue.
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