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40 Shady Lane

40 Shady Lane, Franklin, MA 02038
Property in Franklin Town
Sold Jan 04, 2017
$427,000
$419,265 by Prospect Mortgage Llc
Mortgage Due Jan 04, 2047
Sold Jun 28, 1991
$158,400
$134,400 by Independence One Mtg
Mortgage
Local assessors in Franklin, MA have categorized 40 Shady Lane as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 27,112 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 40 Shady Lane has a total of 1,824 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a unknown on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gambrel style roof that was made of asphalt. Lots of wood siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 40 Shady Lane was last sold in Jan 1, 1970 for $427,000. According to our calculations, that's $234.10 per sqft. Prior to that sales transaction, the property was sold for $158,400 in Jan 1, 1970. Current property owners are expected to pay $7,439 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 40 Shady Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $631,000. To break that down further, the land itself was valued at $330,200. While improvements to the property were assessed at a total of $300,800. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Outdoor Space

Garden

Parking

Off Street Parking

Condition

Wooded Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gambrel
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 912
  • Garage Type: Underground/basement
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 27,112
  • Total Building Area: 1,824
  • Gross Building Area: 3,288
  • Building Area: 1,824
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,824
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.622
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LYNCH ERIN
  • Previous Owner : DAVIN DANIEL J
  • Previous Owner 2: DAVIN VIRGINIA L
  • Owner Before Previous Owner: KACHINSKY DENNIS J
  • Owner Before Previous Owner 2: KACHINSY KATHLEEN L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Account Number: 102-072
  • Parcel: FRAN M:250 L:046
  • Lot: 46
  • Municipality: FRANKLIN
  • Latitude: 42.1026
  • Longitude: -71.3911

    Address

  • Full Address: 40 Shady Ln
  • Address - House Number: 40
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C021
  • 4-Digit Zip Code: 1602
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,439
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 698,547
  • High Value: 816,017
  • Low Value: 581,077

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $538,545
  • First Open Lien Mortgage Lender: PROSPECT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 04, 2017
  • First Open Lien Mortgage Loan Amount: $419,265
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 04, 2047
  • Second Open Lien Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • Second Open Lien Mortgage Recording Date: Aug 12, 2020
  • Second Open Lien Mortgage Loan Amount: $119,280
  • Second Open Lien Mortgage Term: 348
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,000
  • Assessed Land Value: $330,200
  • Assessed Improvements Value: $300,800

    Sales

  • Current Sale Recording Date: Jan 04, 2017
  • Current Sale Transaction ID: 1931332737
  • Current Sale Price: $427,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 719
  • Previous Sale Recording Date: Jun 28, 1991
  • Previous Sale Amount: $158,400
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPECT MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 04, 2017
  • First Mortgage Loan Amount: $419,265
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 04, 2047

    Previous Mortgages

  • Previous Mortgage Lender: INDEPENDENCE ONE MTG
  • Previous Mortgage Transaction Date: Jun 28, 1991
  • Previous Mortgage Loan Amount: $134,400
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Franklin Town



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Frequently Asked Questions

What neighborhood is 40 Shady Lane located in?
The 40 Shady Lane is a located in the neighborhood of Franklin Town in Franklin Town, Franklin.
What is the average sales price for listings in 40 Shady Lane?
The average sales price for units in 40 Shady Lane is $0 currently.

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