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Franklin Town 02038
3 Stanford Rd
$505,000
● House - Off Market

3 Stanford Rd

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,672 Ft²
$616,382
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

This home sits in a mature neighborhood, awaiting a buyer who can appreciate the long term owners efforts in preparing for it's new owner.  The carpets have been removed to refinish beautiful hardwood floors.  A brand new roof was just put on.  The pool and patio are totally ready to enjoy.  The shrubs have been trimmed and beds edged & mulched!   Great potential to remove wallpaper and paint your colors.  The town is preparing to pave the road and sidewalks after replacing water lines last year.  Seller is also installing a brand new septic system, engineer is starting soon!  Wouldn't it be wonderful to have a two car attached garage, a wood burning fire place, a sun room and a pool?  High ceilings and a third heat zone make the basement a blank slate for finishing.  Come see what it would take to make it your own!
Unit Size
1,672 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$269
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1965

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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 #72687651)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
May 27, 2021 Listed by Better Living Real Estate, LLC $599,000
Listed by Better Living Real Estate, LLC
Aug 7, 2020 Sold
Premium
Sold
Jul 8, 2020 Listed by Better Living Real Estate, LLC $450,000
Listed by Better Living Real Estate, LLC
Apr 26, 1978 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 748
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,672
  • Gross Building Area: 3,100
  • Building Area: 1,672
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,672
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442201

Geography

  • Account Number: 22-034
  • Parcel: FRAN M:322 L:033
  • Lot: 33
  • Municipality: FRANKLIN
  • Latitude: 42.055
  • Longitude: -71.4274

    Address

  • Full Address: 3 Stanford Rd
  • Address - House Number: 3
  • Address - Street Name: Stanford
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: R006
  • 4-Digit Zip Code: 3305
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $704,500

    Appraisal Valuation

  • Standard Deviation: 0.1501
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 691,946
  • High Value: 795,831
  • Low Value: 588,061

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $597,500
  • Assessed Land Value: $242,500
  • Assessed Improvements Value: $355,000

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96315
  • Previous Sale Recording Date: Aug 07, 2020
  • Previous Sale Contract Date: Jul 24, 2020
  • Previous Sale Amount: $505,000
  • 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

$337

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2076 ft²

Average Home Age

51.3 years

Currently For Sale

42 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72687651

Frequently Asked Questions

When was property at 3 Stanford Road built and last sold?
The property at 3 Stanford Road was built in 1965 and last sold on Jul 23, 2021 for $665,000.
How much is this home worth?
The estimated value of the home located at 3 Stanford Road is $614,463.
What are some comparable homes to 3 Stanford Road?
There are currently no comparable homes to 3 Stanford Road.
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