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Franklin Town 02038
4 Nicholas Dr
$600,000
● House - Off Market

4 Nicholas Dr

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,272 Ft²
$936,077
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Warm, beautiful and well maintained home in highly desirable Franklin neighborhood.  Perfect balance between indoor and outdoor entertaining.  Shiny hardwoods on first floor connect to a carpeted great room complete with fireplace and beautiful setting.  Large eat-in kitchen with access to a screened porch and landscaped yard with many perennial beds and plantings. Granite/Stainless kitchen, gas appliances and heat.  Generous bedrooms and closet storage.  Workshop, office, rec room and 2 car garage on lower level.  2017 New roof, carpeting, interior painting and finished basement offer great value to the next owners. Private well for irrigation system. Large shed offers more storage for equipment. Great opportunity!  Call for daily showings.
Unit Size
4,272 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$143
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1994

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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 #72229242)

Price History

Date / Event Date Event Price
Apr 27, 2018 Sold
Premium
Sold
Sep 14, 2017 Listed by RE/MAX Executive Realty $610,000
Listed by RE/MAX Executive Realty
May 29, 1997 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,616
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,006
  • Total Building Area: 2,656
  • Gross Building Area: 4,560
  • Building Area: 2,656
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,656
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROSPECT VIEW ESTATES
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 21-022-10
  • Parcel: FRAN M:326 L:036
  • Lot: 36
  • Municipality: FRANKLIN
  • Latitude: 42.0529
  • Longitude: -71.4411

    Address

  • Full Address: 4 Nicholas Dr
  • Address - House Number: 4
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: R004
  • 4-Digit Zip Code: 3423
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $891,700

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 822,821
  • High Value: 954,598
  • Low Value: 691,044

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $756,300
  • Assessed Land Value: $334,200
  • Assessed Improvements Value: $422,100

    Sales

  • Current Sale Recording Date: Apr 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32964
  • Previous Sale Recording Date: May 29, 1997
  • Previous Sale Amount: $287,000
  • 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

$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# 72229242

Frequently Asked Questions

When was property at 4 Nicholas Drive built and last sold?
The property at 4 Nicholas Drive was built in 1994 and last sold on Jan 1, 1970 for $600,000.
How much is this home worth?
The estimated value of the home located at 4 Nicholas Drive is $652,751.
What are some comparable homes to 4 Nicholas Drive?
There are currently no comparable homes to 4 Nicholas Drive.
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