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Holbrook 02343
3 Franklin Terrace
$174,900
● House - Off Market

3 Franklin Terrace

Holbrook, MA 02343
bedrooms
2 Beds
bathrooms
1 Bath
square feet
624 Ft²
$312,363
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Adorable 2-bedroom Cape is the last house on a dead-end lane but still conveniently located just off Route 37 with easy access to public transportation (bus to Braintree Red Line or short drive to Commuter Rail). Small but well-maintained with hardwood floors, vinyl siding, a new oil tank and a new water heater (both 2014). Excellent condo alternative / starter home. Title V in hand.  Why pay rent or condo fees when you can own your own home for less?
Unit Size
624 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$280
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
1952

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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 #71738788)

Price History

Date / Event Date Event Price
Apr 13, 2015 Sold
Premium
Sold
Sep 5, 2014 Listed by Stikeleather Real Estate $174,900
Listed by Stikeleather Real Estate
Jul 9, 2014 Sold
Premium
Sold
Jun 6, 2014 Listed by Stikeleather Real Estate $129,900
Listed by Stikeleather Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,690
  • Total Building Area: 624
  • Gross Building Area: 1,248
  • Building Area: 624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 624
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000383
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Holbrook School District
  • School Tax School District: HOLBROOK SD
  • Census Tract: 421100

Zoning

  • Zoning: R3

Geography

  • Parcel: HOLB M:41 L:085-00-0
  • Lot: 85--0
  • Municipality: HOLBROOK
  • Latitude: 42.137
  • Longitude: -71.0072

    Address

  • Full Address: 3 Franklin Ter
  • Address - House Number: 3
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Holbrook
  • Carrier Code: C006
  • 4-Digit Zip Code: 1742
  • Zip Code: 02343

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $423,300

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 341,150
  • High Value: 399,539
  • Low Value: 282,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $275,200
  • Assessed Land Value: $173,200
  • Assessed Improvements Value: $102,000

    Sales

  • Current Sale Recording Date: Apr 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29913
  • Previous Sale Recording Date: Jul 09, 2014
  • Previous Sale Amount: $118,000
  • 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 Holbrook

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1628 ft²

Average Home Age

69.5 years

Currently For Sale

31 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# 71738788

Frequently Asked Questions

When was property at 3 Franklin Terrace built and last sold?
The property at 3 Franklin Terrace was built in 1952 and last sold on Jan 1, 1970 for $174,900.
How much is this home worth?
The estimated value of the home located at 3 Franklin Terrace is $177,552.
What are some comparable homes to 3 Franklin Terrace?
There are currently no comparable homes to 3 Franklin Terrace.
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