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Newton 02458 Newton Corner
284 Franklin Street
$1,300,000
● House - Off Market

284 Franklin Street

Newton, MA 02458
bedrooms
8 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,241 Ft²
$3,098,826
RealtyHop Estimate
106.59%
Since Aug 1, 2003
MA-Boston
Primary Model

About This Property

GRANDE DAME VICTORIAN COLONIAL REVIVAL STYLE. ENTERTAINMENT SIZED ROOMS, GORGEOUS ORIGINAL DETAILS. MAGNIFICENT YARD. 2/3 GARAGE/STUDIO W/BOMB SHELTER.
Unit Size
5,241 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$286
Property Type
House
Property Taxes
$913
HOA Dues
-
Year Built
1895

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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 #30696586)

Price History

Date / Event Date Event Price
Jun 15, 2021 Sold
Premium
Sold
Feb 14, 2021 Listed by Hammond Residential Real Estate $3,100,000
Listed by Hammond Residential Real Estate
Aug 1, 2003 Sold
Premium
Sold
Mar 10, 2003 Listed by Hammond Residential Real Estate $1,500,000
Listed by Hammond Residential Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 23
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 2,108
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,745
  • Total Building Area: 5,452
  • Gross Building Area: 9,835
  • Building Area: 5,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000591
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373500

Zoning

  • Zoning: SR2

Geography

  • Account Number: 72023 0030
  • District: 207
  • Parcel: NEWT S:72 B:023 L:0030
  • Block: 23
  • Lot: 30
  • Municipality: NEWTON
  • Latitude: 42.3508
  • Longitude: -71.1841

    Address

  • Full Address: 284 Franklin St
  • Address - House Number: 284
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton
  • Carrier Code: C031
  • 4-Digit Zip Code: 2301
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,470,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 3,985,498
  • High Value: 4,840,424
  • Low Value: 3,130,573

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,555,500
  • Assessed Land Value: $1,400,700
  • Assessed Improvements Value: $2,154,800

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134996
  • Previous Sale Recording Date: Aug 01, 2003
  • Previous Sale Amount: $1,300,000
  • 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 Newton Corner

Stats & Trends

Median Asking:

$1,350,000

Sale Price/ft²

$543

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2860 ft²

Average Home Age

82.5 years

Currently For Sale

29 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$3,745 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30696586

Frequently Asked Questions

When was property at 284 Franklin Street built and last sold?
The property at 284 Franklin Street was built in 1895 and last sold on Jun 15, 2021 for $3,100,000.
How much is this home worth?
The estimated value of the home located at 284 Franklin Street is $0.
What are some comparable homes to 284 Franklin Street?
There are currently no comparable homes to 284 Franklin Street.
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