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Franklin Town 02038
404 Martello Road
$426,000
● House - Off Market

404 Martello Road

Franklin, MA 02038
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,058 Ft²
$777,371
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

Showing begin at the Open House Sunday May 25th from 2-4. Welcome home, a rare 5 bedroom in desireable neighborhood. Pleanty of space for your growing family. Solidly maintained home features a light and bright living room, formal dining room, eat in kitchen and fireplaced family room. A half bath laundry combination complete the first floor. Upstairs you will find a spacious master bedroom with walk in closet and private bath. There are four additional bedrooms and a full bath. A lovely landscaped and level yard complimented by an oversized deck for hours of summer fun and entertaining. House faces south/southeast. Imagine walking to your playdates. All this located within easy reach of schools, shopping, local entertainment, the commuter rail and Route 495.
Unit Size
2,058 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$204
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1970

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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 #71683750)

Price History

Date / Event Date Event Price
Jul 28, 2014 Sold
Premium
Sold
May 19, 2014 Listed by RE/MAX Executive Realty $419,000
Listed by RE/MAX Executive Realty
Aug 28, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • 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: 1,528
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,749
  • Total Building Area: 2,578
  • Gross Building Area: 4,682
  • Building Area: 2,578
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,578
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000706
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442104

Geography

  • Account Number: 91-078
  • Parcel: FRAN M:252 L:047
  • Lot: 47
  • Municipality: FRANKLIN
  • Latitude: 42.0999
  • Longitude: -71.4223

    Address

  • Full Address: 404 Martello Rd
  • Address - House Number: 404
  • Address - Street Name: Martello
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C012
  • 4-Digit Zip Code: 2957
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,000

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 773,993
  • High Value: 904,150
  • Low Value: 643,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $626,800
  • Assessed Land Value: $330,400
  • Assessed Improvements Value: $296,400

    Sales

  • Current Sale Recording Date: Jul 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62311
  • Previous Sale Recording Date: Aug 28, 1992
  • Previous Sale Amount: $185,000
  • 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

2149 ft²

Average Home Age

53.2 years

Currently For Sale

45 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# 71683750

Frequently Asked Questions

When was property at 404 Martello Road built and last sold?
The property at 404 Martello Road was built in 1970 and last sold on Jan 1, 1970 for $426,000.
How much is this home worth?
The estimated value of the home located at 404 Martello Road is $423,928.
What are some comparable homes to 404 Martello Road?
There are currently no comparable homes to 404 Martello Road.
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