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Franklin Town 02038
488 Pond St
$359,000
● House - Off Market

488 Pond St

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$480,052
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Great opprotunity to own in Franklin !!  Adorable Ranch in the sought after Kennedy School district !  So close to everything - Great Schools, shopping, churches and quick access to the highway.  Easy single level living with ample room to spread out in the partially finished basement.  3  great sized bedrooms and a porch off the kitchen to relax and have your morning coffee.   Being sold "As is"    Furnace 2 yrs old -  All it needs are your finishing touches/ updates to make it your own !
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$345
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1959

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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: 6 months ago (MLSPIN #72647050)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Apr 23, 2020 Listed by McDevitt REALTORS® $359,000
Listed by McDevitt REALTORS®
Jul 2, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,008
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,502
  • Total Building Area: 1,040
  • Gross Building Area: 2,408
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT VIEW ESTATES
  • Land Acres: 0000000448
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 107-082
  • Parcel: FRAN M:240 L:105
  • Lot: 105
  • Municipality: FRANKLIN
  • Latitude: 42.1077
  • Longitude: -71.4293

    Address

  • Full Address: 488 Pond St
  • Address - House Number: 488
  • Address - Street Name: Pond
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C015
  • 4-Digit Zip Code: 2708
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,200

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 495,448
  • High Value: 583,701
  • Low Value: 407,194

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $416,600
  • Assessed Land Value: $243,600
  • Assessed Improvements Value: $173,000

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115842
  • Previous Sale Recording Date: Jul 02, 1990
  • Previous Sale Amount: $129,900
  • 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:

$695,000

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2088 ft²

Average Home Age

48 years

Currently For Sale

67 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: 6 months ago
Data Source: MLS PIN, MLS# 72647050

Frequently Asked Questions

When was property at 488 Pond Street built and last sold?
The property at 488 Pond Street was built in 1959 and last sold on Oct 16, 2020 for $359,000.
How much is this home worth?
The estimated value of the home located at 488 Pond Street is $363,191.
What are some comparable homes to 488 Pond Street?
There are currently no comparable homes to 488 Pond Street.
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