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Franklin Town 02038
287 Main Street
$706,000
● House - Off Market

287 Main Street

Franklin, MA 02038
bedrooms
6 Beds
bathrooms
2 Baths
square feet
1,908 Ft²
$606,955
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

A Timeless Treasure located in the Historic Commons area of Downtown Franklin. Rare and impressive kitchen with wooden beamed ceilings, 8 foot Island, quartz counters, butlers pantry, and stainless appliances. 3 finished levels of living including 6 bedrooms, 2 full baths, 2 car garage and level 1/2 acre gated fenced yard, abutting the neighborhood of Orchard street. New roof and exterior paint in 2020. Enjoy the plethora of gifts that come with living near the town common.....farmers markets, concerts, festivals and more! Please join us at our Open houses on Saturday, 4/30 from 1-3pm and Sunday, 5/1 from 10am-12pm!
Unit Size
1,908 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$314
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1850

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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 #72973658)

Price History

Date / Event Date Event Price
Jun 30, 2022 Sold
Premium
Sold
Apr 28, 2022 Listed by Keller Williams Realty $600,000
Listed by Keller Williams Realty
Aug 23, 2016 Sold
Premium
Sold
Jun 1, 2016 Listed by Keller Williams Realty $400,000
Listed by Keller Williams Realty
Oct 26, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 940
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,250
  • Total Building Area: 1,908
  • Gross Building Area: 4,612
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWN PARK
  • Land Acres: 0000000511
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 84-127
  • Parcel: FRAN M:268 L:087
  • Lot: 87
  • Municipality: FRANKLIN
  • Latitude: 42.0912
  • Longitude: -71.4001

    Address

  • Full Address: 287 Main St
  • Address - House Number: 287
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C031
  • 4-Digit Zip Code: 1819
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $689,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2046
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 714,259
  • High Value: 860,414
  • Low Value: 568,103

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,800
  • Assessed Land Value: $238,300
  • Assessed Improvements Value: $346,500

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58673
  • Previous Sale Recording Date: Aug 23, 2016
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: O
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

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2096 ft²

Average Home Age

52.8 years

Currently For Sale

43 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72973658

Frequently Asked Questions

When was property at 287 Main Street built and last sold?
The property at 287 Main Street was built in 1850 and last sold on Jun 30, 2022 for $706,000.
How much is this home worth?
The estimated value of the home located at 287 Main Street is $600,489.
What are some comparable homes to 287 Main Street?
There are currently no comparable homes to 287 Main Street.
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