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Franklin Town 02038
428 Martello Rd
$482,000
● House - Off Market

428 Martello Rd

Franklin, MA 02038
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,058 Ft²
$850,105
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

Meticulously maintained and updated 5 bedroom home in sought after Bright Hills Estates!!  An updated kitchen offering a luncheon counter and granite counter-top is open to dining area and sun room.  A sunny living room adjacent to dining area offers ample space for family time or entertaining.  Sunroom offers lots of light and a nice breeze with all the windows and ceiling fan.  The wood cathedral ceiling and recessed lighting are sure to impress.  A cozy family room is also located off the kitchen complete w/gas fireplace and half bath w/laundry.  There are 5 bedrooms upstairs, all with hardwood floors hidden under the wall-to-wall carpet.  The master suite includes a full bath and walk-in closet.  Spacious two-car garage, newer roof, furnace, and water heater.  Welcome home!!  Showings begin on Sat 8/15 at noon.
Unit Size
2,058 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$233
Property Type
House
Property Taxes
$390
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 #71888410)

Price History

Date / Event Date Event Price
Sep 29, 2015 Sold
Premium
Sold
Aug 12, 2015 Listed by Real Living Realty Group $479,000
Listed by Real Living Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • 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: 1,008
  • 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: 2,058
  • Gross Building Area: 3,850
  • Building Area: 2,058
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,058
  • 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: 91-076
  • Parcel: FRAN M:253 L:172
  • Lot: 172
  • Municipality: FRANKLIN
  • Latitude: 42.0998
  • Longitude: -71.4234

    Address

  • Full Address: 428 Martello Rd
  • Address - House Number: 428
  • 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: $687,200

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 720,669
  • High Value: 842,755
  • Low Value: 598,582

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,900
  • Assessed Land Value: $330,400
  • Assessed Improvements Value: $252,500

    Sales

  • Current Sale Recording Date: Sep 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95911
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

2096 ft²

Average Home Age

52.8 years

Currently For Sale

43 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# 71888410

Frequently Asked Questions

When was property at 428 Martello Road built and last sold?
The property at 428 Martello Road was built in 1970 and last sold on Jan 1, 1970 for $482,000.
How much is this home worth?
The estimated value of the home located at 428 Martello Road is $485,117.
What are some comparable homes to 428 Martello Road?
There are currently no comparable homes to 428 Martello Road.
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