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Franklin Town 02038
28 Redgate Lane
$583,000
● House - Off Market

28 Redgate Lane

Franklin, MA 02038
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,500 Ft²
$1,359,578
RealtyHop Estimate
126.63%
Since Sep 1, 2003
National-US
Primary Model

About This Property

MARVELOUS FAMILY HOME IN ONE OF FRANKLKIN'S FINEST SUBDIVISIONS. ONE OF THE FEW FIVE BEDROOMS HOMES SITTING ON A CUL-DE-SAC. C/V FIRST FLOOR SPRINKLER SYSTEM, SPECTACULAR FINISHED WALK-OUT.SURROUND SOUND.BEAUTIFULLY LNADSCAPED LOT.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$171
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1997

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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 #30710992)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Sep 11, 2020 Listed by RE/MAX Executive Realty $799,000
Listed by RE/MAX Executive Realty
Aug 8, 2003 Sold
Premium
Sold
Apr 17, 2003 Listed by RE/MAX Executive Realty $599,900
Listed by RE/MAX Executive Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,138
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,613
  • Total Building Area: 2,717
  • Gross Building Area: 4,797
  • Building Area: 2,717
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,717
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000955
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 59-007-20
  • Parcel: FRAN M:284 L:038
  • Lot: 38
  • Municipality: FRANKLIN
  • Latitude: 42.0779
  • Longitude: -71.3739

    Address

  • Full Address: 28 Red Gate Ln
  • Address - House Number: 28
  • Address - Street Name: Red Gate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C018
  • 4-Digit Zip Code: 1367
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,024,800

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 941,723
  • High Value: 1,101,258
  • Low Value: 782,188

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $869,200
  • Assessed Land Value: $377,600
  • Assessed Improvements Value: $491,600

    Sales

  • Current Sale Contract Date: Nov 08, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 128249
  • Previous Sale Recording Date: Aug 08, 2003
  • Previous Sale Amount: $583,000
  • 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

2038 ft²

Average Home Age

51 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 years ago
Data Source: MLS PIN, MLS# 30710992

Frequently Asked Questions

When was property at 28 Red Gate Lane built and last sold?
The property at 28 Red Gate Lane was built in 1997 and last sold on Nov 8, 2020 for $785,000.
How much is this home worth?
The estimated value of the home located at 28 Red Gate Lane is $0.
What are some comparable homes to 28 Red Gate Lane?
There are currently no comparable homes to 28 Red Gate Lane.
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