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Franklin Town 02038
47 Forest Street
Photo of 47 Forest Street
Sold on Jul 31, 2025

31

Map

Photo of 47 Forest Street
Photo of 47 Forest Street
$649,000
● House - Off Market

47 Forest Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,461 Ft²
$3,834
Est. Monthly
4.41%
Cap Rate

About This Property

Welcome to this beautiful CAPE style home featuring 3 bedrooms, 2 baths sitting on a gorgeous corner lot w/ 2 car side entry garage entrance on Lorusso Dr.  This home has everything a buyer is looking for & please see firm remarks for all most recent updates completed!  Beautiful new kitchen featuring white cabinets, SS appliances, new countertops, recessed lighting & new hardwood flooring opens to dining room & to family room w/ cathedral ceiling, new hardwood floor & pocket door to cathedral sun-room w/ new hardwood overlooking great fenced in backyard w/ shed & deck.  Also on first floor is 1st bedroom w/ hardwood & living room with fireplace, hardwood & triple windows. Two bathrooms feature tile, new flooring, new vanities, new mirrors, new sinks & toilets.  This home also has a new septic system. Walk to King St. Park!
Unit Size
1,461 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$462
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1960

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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: 2 years ago (MLSPIN #73377248)

Price History

Date / Event Date Event Price
Jul 31, 2025 Sold
Premium
Sold
Jun 10, 2025 In contract -
In contract
May 19, 2025 Listed $674,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,128
  • Total Building Area: 1,461
  • Gross Building Area: 3,250
  • Building Area: 1,461
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,461
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442201

Geography

  • Account Number: 32-026
  • Parcel: FRAN M:320 L:013
  • Lot: 13
  • Municipality: FRANKLIN
  • Latitude: 42.058
  • Longitude: -71.408

    Address

  • Full Address: 47 Forest St
  • Address - House Number: 47
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 2501
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $558,700

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 546,961
  • High Value: 615,750
  • Low Value: 478,173

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $473,900
  • Assessed Land Value: $242,500
  • Assessed Improvements Value: $231,400
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

2141 ft²

Average Home Age

52.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73377248

Frequently Asked Questions

When was property at 47 Forest Street built and last sold?
The property at 47 Forest Street was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 47 Forest Street is $0.
What are some comparable homes to 47 Forest Street?
There are currently no comparable homes to 47 Forest Street.
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