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Franklin Town 02038
43 Southgate Rd
$309,900
● House - Off Market

43 Southgate Rd

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,320 Ft²
$471,852
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Spacious raised ranch located within the desirable Kennedy School District.  This home offers two levels of living space, hardwood floors, central air, town water and sewer.  Main living space features kitchen with breakfast bar that opens to dining room, living room  There is also a family room on main level with a wood burning fireplace.  Slider off family room opens to expansive deck overlooking tree lined backyard perfect for entertaining or just relaxing.  Cool off in the summer with the above-ground pool.  Lower level boasts a fourth bedroom, bonus room with fireplace, kitchenette and bathroom.  This home needs some TLC but well worth the investment.  Must see to appreciate potential. Being sold as it.  Price reflects updates needed.  Buyers and agents to do Due Diligence.
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$235
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72287226)

Price History

Date / Event Date Event Price
May 29, 2018 Sold
Premium
Sold
Feb 28, 2018 Listed by Coldwell Banker Residential Brokerage - Franklin $309,900
Listed by Coldwell Banker Residential Brokerage - Franklin
Jan 31, 2001 Sold
Premium
Sold
Oct 30, 2000 Listed by Coldwell Banker Residential Brokerage - Franklin $239,900
Listed by Coldwell Banker Residential Brokerage - Franklin

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,320
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 22,412
  • Total Building Area: 1,320
  • Gross Building Area: 3,929
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000515
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 116-060
  • Parcel: FRAN M:235 L:080
  • Lot: 80
  • Municipality: FRANKLIN
  • Latitude: 42.1132
  • Longitude: -71.421

    Address

  • Full Address: 43 Southgate Rd
  • Address - House Number: 43
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C013
  • 4-Digit Zip Code: 2702
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $662,400

    Appraisal Valuation

  • Standard Deviation: 0.1835
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 593,651
  • High Value: 702,628
  • Low Value: 484,673

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,800
  • Assessed Land Value: $244,400
  • Assessed Improvements Value: $317,400

    Sales

  • Current Sale Recording Date: May 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42465
  • Previous Sale Recording Date: Jan 31, 2001
  • Previous Sale Amount: $235,000
  • 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

$337

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2071 ft²

Average Home Age

50.8 years

Currently For Sale

46 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# 72287226

Frequently Asked Questions

When was property at 43 Southgate Road built and last sold?
The property at 43 Southgate Road was built in 1965 and last sold on Jan 1, 1970 for $309,900.
How much is this home worth?
The estimated value of the home located at 43 Southgate Road is $312,328.
What are some comparable homes to 43 Southgate Road?
There are currently no comparable homes to 43 Southgate Road.
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