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Franklin Town 02038
359 Summer St
$320,000
● House - Off Market

359 Summer St

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,269 Ft²
$516,141
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

If you've been looking for a move in home on a hard to find large, level, private lot in a great community this is your spot.  Recently renovated home with just about everything updated. Gorgeous gleaming hardwood floors on the first level, new carpet on 2nd floor and stairs in modern tone.  Granite counters,  newer appliances,  tiled bath with walk-in tiled shower. Versatile floor plan with either 2 bedrooms down and one large suite upstairs or use one room downstairs for office with large master on 2nd floor.  Newer roof, windows, new vinyl siding plus a 2 car garage, a breezeway, mudroom plus additional storage attached to garage.  Great for hobbyist, contractor or hideaway.  Easy to view. Quick closing preferred but Seller has some flexibility. Make this your new home.
Unit Size
1,269 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$260
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1950

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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 months ago (MLSPIN #72244968)

Price History

Date / Event Date Event Price
Feb 24, 2021 Sold
Premium
Sold
Jan 13, 2021 Listed by RE/MAX Executive Realty $449,000
Listed by RE/MAX Executive Realty
Feb 23, 2018 Sold
Premium
Sold
Oct 19, 2017 Listed by RE/MAX Executive Realty $329,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 996
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,306
  • Total Building Area: 1,420
  • Gross Building Area: 4,132
  • Building Area: 1,420
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,420
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000000443
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 50-008
  • Parcel: FRAN M:302 L:020
  • Lot: 20
  • Municipality: FRANKLIN
  • Latitude: 42.0708
  • Longitude: -71.3882

    Address

  • Full Address: 359 Summer St
  • Address - House Number: 359
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C002
  • 4-Digit Zip Code: 1467
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $534,400

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 539,733
  • High Value: 626,173
  • Low Value: 453,293

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,300
  • Assessed Land Value: $243,600
  • Assessed Improvements Value: $209,700

    Sales

  • Current Sale Contract Date: Feb 19, 2021
  • Current Sale Recording Date: Feb 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23677
  • Previous Sale Recording Date: Feb 23, 2018
  • Previous Sale Amount: $320,000
  • 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

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

52.3 years

Currently For Sale

47 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: 4 months ago
Data Source: MLS PIN, MLS# 72244968

Frequently Asked Questions

When was property at 359 Summer Street built and last sold?
The property at 359 Summer Street was built in 1950 and last sold on Feb 19, 2021 for $485,000.
How much is this home worth?
The estimated value of the home located at 359 Summer Street is $458,002.
What are some comparable homes to 359 Summer Street?
There are currently no comparable homes to 359 Summer Street.
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