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Franklin Town 02038
4 Midland Ave
$440,000
● House - Off Market

4 Midland Ave

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,749 Ft²
$581,138
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Sprawling, multi leveled lovingly maintained home with updates including central air in the main house and a split a/c unit in the family room. Freshly painted walls and trim, and gleaming hardwoods throughout. 1 car garage,  3 bedrooms (possibly 4) with 2 full baths. Great storage space. Located in a neighborhood setting with a fenced yard, shed and area for a fire pit! Private showings begin on Friday 8/13 at 4pm throughout the weekend. Deadline for FINAL offers will be Monday 8/17 at noon.
Unit Size
1,749 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$246
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1965

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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 #72709530)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by Keller Williams Realty $429,900
Listed by Keller Williams Realty
Oct 31, 1989 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: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,301
  • Gross Building Area: 2,421
  • Building Area: 1,301
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,301
  • 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: 442101

Geography

  • Account Number: 103-020
  • Parcel: FRAN M:243 L:144
  • Lot: 144
  • Municipality: FRANKLIN
  • Latitude: 42.1055
  • Longitude: -71.3904

    Address

  • Full Address: 4 Midland Ave
  • Address - House Number: 4
  • Address - Street Name: Midland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Franklin
  • Carrier Code: C021
  • 4-Digit Zip Code: 1629
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $669,000

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 599,988
  • High Value: 706,863
  • Low Value: 493,113

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $567,400
  • Assessed Land Value: $326,400
  • Assessed Improvements Value: $241,000

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101881
  • Previous Sale Recording Date: Oct 31, 1989
  • Previous Sale Amount: $143,000
  • 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:

$695,000

Sale Price/ft²

$336

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2053 ft²

Average Home Age

47.1 years

Currently For Sale

57 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# 72709530

Frequently Asked Questions

When was property at 4 Midland Avenue built and last sold?
The property at 4 Midland Avenue was built in 1965 and last sold on Sep 25, 2020 for $440,000.
How much is this home worth?
The estimated value of the home located at 4 Midland Avenue is $443,242.
What are some comparable homes to 4 Midland Avenue?
There are currently no comparable homes to 4 Midland Avenue.
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