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Franklin Town 02038
40 Indian Lane
$465,000
● House - Off Market

40 Indian Lane

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,181 Ft²
$751,299
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Immaculate & Well Cared for Colonial in Terrific Cul-de-Sac Neighborhood and Commuter Location. This Home Offers Considerable Space Designed for Comfortable Living & Entertaining. The Front Foyer Opens to the Spacious Living Room with French Doors or a Family Room with a Fireplace. Down the Hall there is an Eat-in Kitchen with Center Island that has access to the Deck Overlooking the Tree-Lined Yard with Expansion Possibilities on Side Yard. The Dining Room has Hardwood Flooring & Bow Window. The Second Floor Boasts a Large Master and Master Bathroom with Double Sink Vanity. Three Other Good-sized Bedrooms and Main Bath. A Large Open Basement for Plenty of Storage could be Finished. Roof 2015 and 200 Amp Electric. Fabulous Neighborhood Close to Interstate and Shopping!
Unit Size
2,181 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$216
Property Type
House
Property Taxes
$662
HOA Dues
-
Year Built
1996

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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 #72149229)

Price History

Date / Event Date Event Price
Jul 31, 2017 Sold
Premium
Sold
Apr 20, 2017 Listed by Century 21 Commonwealth $470,000
Listed by Century 21 Commonwealth
Jun 24, 2008 Sold
Premium
Sold
May 1, 2008 Listed by Century 21 Commonwealth $439,900
Listed by Century 21 Commonwealth
Jul 13, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,082
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,007
  • Total Building Area: 2,377
  • Gross Building Area: 4,535
  • Building Area: 2,377
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,377
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

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

Geography

  • Account Number: 77-017-18
  • Parcel: FRAN M:281 L:042
  • Lot: 42
  • Municipality: FRANKLIN
  • Latitude: 42.0864
  • Longitude: -71.3696

    Address

  • Full Address: 40 Indian Ln
  • Address - House Number: 40
  • Address - Street Name: Indian
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C018
  • 4-Digit Zip Code: 1298
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $860,100

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 833,941
  • High Value: 967,499
  • Low Value: 700,383

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $729,500
  • Assessed Land Value: $324,700
  • Assessed Improvements Value: $404,800

    Sales

  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70878
  • Previous Sale Recording Date: Jun 24, 2008
  • Previous Sale Amount: $420,000
  • 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# 72149229

Frequently Asked Questions

When was property at 40 Indian Lane built and last sold?
The property at 40 Indian Lane was built in 1996 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 40 Indian Lane is $483,357.
What are some comparable homes to 40 Indian Lane?
There are currently no comparable homes to 40 Indian Lane.
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