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Franklin Town 02038
40 Marvin Ave
$237,500
● House - Off Market

40 Marvin Ave

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,484 Ft²
$466,397
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Bright three bedroom Colonial located on a large lot in established neighborhood side street near Franklin Center. Enclosed front porch greets you with an additional enclosed rear entrance off the kitchen. Great layout with a spacious living room, dining room and kitchen waiting for your personal touches. Newer Buderus furnace. Some replaced windows. Come by and see all the possibilities to make this home yourown.
Unit Size
1,484 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$168
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1910

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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 #71751310)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold
Premium
Sold
Nov 18, 2021 Listed by Berkshire Hathaway HomeServices N.E. Prime Properties $495,000
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties
Apr 22, 2019 Sold
Premium
Sold
Nov 24, 2014 Sold
Premium
Sold
Oct 1, 2014 Listed by Berkshire Hathaway HomeServices N.E. Prime Properties $249,900
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 684
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,484
  • Gross Building Area: 2,672
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 74-167
  • Parcel: FRAN M:278 L:102
  • Lot: 102
  • Municipality: FRANKLIN
  • Latitude: 42.0865
  • Longitude: -71.4047

    Address

  • Full Address: 40 Marvin Ave
  • Address - House Number: 40
  • Address - Street Name: Marvin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Franklin
  • Carrier Code: C031
  • 4-Digit Zip Code: 2026
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $597,000

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 564,523
  • High Value: 654,933
  • Low Value: 474,113

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,400
  • Assessed Land Value: $323,800
  • Assessed Improvements Value: $182,600

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 160573
  • Previous Sale Recording Date: Apr 22, 2019
  • Previous Sale Contract Date: Apr 22, 2019
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: O
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:

$692,000

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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71751310

Frequently Asked Questions

When was property at 40 Marvin Avenue built and last sold?
The property at 40 Marvin Avenue was built in 1910 and last sold on Dec 23, 2021 for $525,000.
How much is this home worth?
The estimated value of the home located at 40 Marvin Avenue is $491,887.
What are some comparable homes to 40 Marvin Avenue?
There are currently no comparable homes to 40 Marvin Avenue.
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