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Franklin Town 02038
4 Shepard Rd
$525,000
● House - Off Market

4 Shepard Rd

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,760 Ft²
$523,085
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

PERFECT Opportunity to land in Franklin and set down roots in a desirable neighborhood! | Great corner half-acre lot with a large, level backyard that's already beautifully fenced in | Upstairs - Living Room, Kitchen with gas range and separate dining area leading to wood deck through slider, Full Bath with tub/shower and 3 of the 4 bedrooms | Downstairs - BIG Family Room with built-in shelving, Full Bath with Laundry, 4th Bedroom and a separate Home Office with walk-out access to backyard | Entire home has been freshly painted (interior and exterior) | Newly refinished hardwoods | Brand new carpet on lower level | Brand new Central AC | Hot Water Tank 2 yrs old | New Fridge | New Edison bulb fixture above main entry | FHA/Gas | Town water/sewer | Keller/Sullivan school district
Unit Size
1,760 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$284
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1963

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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 #73032988)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $499,900
Relisted
Sep 7, 2022 Listed by RE/MAX Executive Realty $499,900
Listed by RE/MAX Executive Realty
Mar 4, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,285
  • Total Building Area: 960
  • Gross Building Area: 2,060
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000512
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 132-093
  • Parcel: FRAN M:219 L:035
  • Lot: 35
  • Municipality: FRANKLIN
  • Latitude: 42.1255
  • Longitude: -71.3956

    Address

  • Full Address: 4 Shepard Rd
  • Address - House Number: 4
  • Address - Street Name: Shepard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C009
  • 4-Digit Zip Code: 1024
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $662,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 562,954
  • High Value: 658,332
  • Low Value: 467,576

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,500
  • Assessed Land Value: $328,700
  • Assessed Improvements Value: $232,800

    Sales

  • Current Sale Contract Date: Oct 13, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 91194
  • Previous Sale Recording Date: Mar 04, 1999
  • Previous Sale Amount: $165,000
  • 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

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73032988

Frequently Asked Questions

When was property at 4 Shepard Road built and last sold?
The property at 4 Shepard Road was built in 1963 and last sold on Oct 13, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 4 Shepard Road is $509,692.
What are some comparable homes to 4 Shepard Road?
There are currently no comparable homes to 4 Shepard Road.
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