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Franklin Town 02038
348 Summer St
$297,000
● House - Off Market

348 Summer St

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,501 Ft²
$516,942
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

Amazing opportunity to own in Franklin. Located on the corner of Shawkemo Path, this 3 bedroom, 1.5 bathroom home is awaiting its new owners. New roof, new carpet, private back yard complete with swingset and shed is set off the street. Two large decks and a sun room that offers up 360 degree views of your back yard. Kitchen with custom wine rack and updated cabinetry, black appliances including a BOSCH dishwasher opens up to your dining room. Front to back living room is perfect for entertaining. Large master bedroom boasts a generous sized walk in closet. Ideal location for commuters and part of the Parmenter / Remington school district. Open House this Satuday January 23 from 11 AM - 12 PM
Unit Size
1,501 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$198
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1992

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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 #71945154)

Price History

Date / Event Date Event Price
Mar 22, 2016 Sold
Premium
Sold
Jan 5, 2016 Listed by Keller Williams Realty $297,000
Listed by Keller Williams Realty
Sep 28, 2005 Sold
Premium
Sold
May 23, 2005 Listed by Keller Williams Realty $324,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,748
  • Total Building Area: 1,504
  • Gross Building Area: 2,488
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000000476
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 50-015-02
  • Parcel: FRAN M:298 L:061
  • Lot: 61
  • Municipality: FRANKLIN
  • Latitude: 42.0714
  • Longitude: -71.3879

    Address

  • Full Address: 348 Summer St
  • Address - House Number: 348
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1407
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,000

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 554,277
  • High Value: 653,009
  • Low Value: 455,544

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $472,400
  • Assessed Land Value: $243,900
  • Assessed Improvements Value: $228,500

    Sales

  • Current Sale Recording Date: Mar 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24967
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Amount: $320,000
  • 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

$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# 71945154

Frequently Asked Questions

When was property at 348 Summer Street built and last sold?
The property at 348 Summer Street was built in 1992 and last sold on Jan 1, 1970 for $297,000.
How much is this home worth?
The estimated value of the home located at 348 Summer Street is $313,108.
What are some comparable homes to 348 Summer Street?
There are currently no comparable homes to 348 Summer Street.
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