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Franklin Town 02038
5 Marks Way
$329,470
● House - Off Market

5 Marks Way

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,300 Ft²
$349,530
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Affordable Housing property with income restrictions for interested buyers. Buyers must be screened and be certified by Town of Franklin, dept of planning and community development office to submit an offer. Offers submitted without approval from Town of Franklin Community development dept. office will be rejected. Offers cannot exceed the List Price. see attached application.  Three bedroom colonial with 1.5 baths, move in ready. Freshly painted interior, new flooring, new deck off dining room, fireplaced living, remodeled bath, new hot water tank. shed, storage, located on cul de sac street, near shopping and train station
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$253
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1994

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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 years ago (MLSPIN #73023841)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Aug 10, 2022 Listed by Salzberg Real Estate $329,470
Listed by Salzberg Real Estate
Jun 10, 2022 Sold
Premium
Sold
Nov 20, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,214
  • Total Building Area: 1,300
  • Gross Building Area: 2,024
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: AFRD

Geography

  • Account Number: 83-079
  • Parcel: FRAN M:269 L:075
  • Lot: 75
  • Municipality: FRANKLIN
  • Latitude: 42.0897
  • Longitude: -71.408

    Address

  • Full Address: 5 Marks Way
  • Address - House Number: 5
  • Address - Street Name: Marks
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Franklin
  • Carrier Code: C031
  • 4-Digit Zip Code: 1861
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $408,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 382,684
  • High Value: 445,816
  • Low Value: 319,552

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $346,600
  • Assessed Land Value: $140,100
  • Assessed Improvements Value: $206,500

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 103194
  • Previous Sale Recording Date: Jun 10, 2022
  • Previous Sale Contract Date: May 19, 2022
  • Previous Sale Amount: $245,530
  • Previous Sale Document Type: 34
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

2149 ft²

Average Home Age

53.2 years

Currently For Sale

45 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 73023841

Frequently Asked Questions

When was property at 5 Marks Way built and last sold?
The property at 5 Marks Way was built in 1994 and last sold on Dec 8, 2022 for $329,470.
How much is this home worth?
The estimated value of the home located at 5 Marks Way is $339,268.
What are some comparable homes to 5 Marks Way?
There are currently no comparable homes to 5 Marks Way.
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