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Franklin Town 02038
45 Southgate Rd
$580,000
● House - Off Market

45 Southgate Rd

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,328 Ft²
$566,268
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Here's Your Chance to Get Into a Large Home in a Great Kennedy Neighborhood! The Main Level of This Oversized Split Level Home Has a Formal Living Room, Dining Room and Large Country Kitchen With Tons of Cabinetry & Stainless Appliances! An Awesome Huge 21 x 16 Family Room Addition, An Office/Craft Room With Exterior Access, Three Bedrooms  a Full Bath. The Family Room Addition has Laminate Floors, Cathedral Ceilings and Lots of Windows Overlooking Yard and Private Woods! On The Lower Level You Will Find The 4th Bedroom, a Half Bath and Rustic Bonus Play Room! All Appliances Stay. All Floors are Wood, Laminate or Tile! Young Roof. Vinyl Sided. Additional Full Basement Under Addition For Extra Storage. Natural Gas Heat. C/A. Town Water and Sewer! Large Yard in Well Desired Neighborhood. Open Sat and Sun 11-1
Unit Size
2,328 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$236
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1965

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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 #72945904)

Price History

Date / Event Date Event Price
Mar 25, 2022 Sold
Premium
Sold
Feb 24, 2022 Listed by RE/MAX Executive Realty $549,900
Listed by RE/MAX Executive Realty
Nov 3, 2014 Sold
Premium
Sold
Sep 13, 2014 Listed by RE/MAX Executive Realty $319,900
Listed by RE/MAX Executive Realty

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: 6
  • 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: 1,677
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 23,174
  • Total Building Area: 1,677
  • Gross Building Area: 3,519
  • Building Area: 1,677
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,677
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000532
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 116-059
  • Parcel: FRAN M:235 L:079
  • Lot: 79
  • Municipality: FRANKLIN
  • Latitude: 42.1133
  • Longitude: -71.4206

    Address

  • Full Address: 45 Southgate Rd
  • Address - House Number: 45
  • 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: $623,500

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 624,172
  • High Value: 718,011
  • Low Value: 530,334

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,800
  • Assessed Land Value: $244,500
  • Assessed Improvements Value: $284,300

    Sales

  • Current Sale Contract Date: Mar 25, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26495
  • Previous Sale Recording Date: Nov 03, 2014
  • Previous Sale Amount: $324,900
  • 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:

$699,000

Sale Price/ft²

$337

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2076 ft²

Average Home Age

51.3 years

Currently For Sale

42 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: 4 months ago
Data Source: MLS PIN, MLS# 72945904

Frequently Asked Questions

When was property at 45 Southgate Road built and last sold?
The property at 45 Southgate Road was built in 1965 and last sold on Mar 25, 2022 for $580,000.
How much is this home worth?
The estimated value of the home located at 45 Southgate Road is $555,587.
What are some comparable homes to 45 Southgate Road?
There are currently no comparable homes to 45 Southgate Road.
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