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Franklin Town 02038
4 Pine Ridge Drive
$344,200
● House - Off Market

4 Pine Ridge Drive

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,740 Ft²
$654,042
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION!  This attractive Colonial is situated on a half acre and is located less than a mile away from Franklin Common and downtown Franklin.  The home features a freshly painted exterior, new roof, 2 living levels, hardwood floors throughout the house, 1 car garage also a brand new hot water heater, furnace and oil tank.  The first floor includes large living room with fireplace and built in cabinets and bookcases, bright charming formal dining room, sunny large kitchen includes Corian® countertops, the family room has a wood stove and connects to a 3 season porch with a walk-out to a large backyard.  The second floor has 3 bedrooms.  The Master bedroom has 3 closets including a walk-in.
Unit Size
1,740 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$201
Property Type
House
Property Taxes
$328
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 #71765145)

Price History

Date / Event Date Event Price
Dec 30, 2014 Sold
Premium
Sold
Nov 4, 2014 Listed by Keller Williams Realty $350,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 756
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,728
  • Gross Building Area: 2,990
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MACKINTOSH ESTATES
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442101

Geography

  • Account Number: 93-076
  • Parcel: FRAN M:261 L:097
  • Lot: 97
  • Municipality: FRANKLIN
  • Latitude: 42.0981
  • Longitude: -71.3925

    Address

  • Full Address: 4 Pine Ridge Dr
  • Address - House Number: 4
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C021
  • 4-Digit Zip Code: 1631
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $609,300

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 611,964
  • High Value: 714,874
  • Low Value: 509,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $516,800
  • Assessed Land Value: $243,700
  • Assessed Improvements Value: $273,100

    Sales

  • Current Sale Recording Date: Dec 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115248
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

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2141 ft²

Average Home Age

52.5 years

Currently For Sale

46 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# 71765145

Frequently Asked Questions

When was property at 4 Pine Ridge Drive built and last sold?
The property at 4 Pine Ridge Drive was built in 1950 and last sold on Jan 1, 1970 for $344,200.
How much is this home worth?
The estimated value of the home located at 4 Pine Ridge Drive is $365,454.
What are some comparable homes to 4 Pine Ridge Drive?
There are currently no comparable homes to 4 Pine Ridge Drive.
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