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Franklin Town 02038
5 Southgate Rd.
$425,000
● House - Off Market

5 Southgate Rd.

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
912 Ft²
$2,432
Est. Monthly

About This Property

Welcome to a timeless gem in a prime neighborhood! This 1959 raised ranch, with 3 bedrooms, sits on a generous .373-acre corner lot. Boasting good bones, this residence offers a solid foundation for a personalized touch. Built to last, it awaits your creative vision to bring it into the modern era. The partially finished basement adds versatility and potential living space. Embrace the unique opportunity to transform this classic into your dream home. Built in an era of quality craftsmanship, this property promises a rewarding canvas for your updates. Experience the best of both worlds – a charming piece of history in an exceptional location. Uncover the potential of this 3-bed raised ranch and make it your own in this sought-after neighborhood!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$439
Property Type
House
Property Taxes
$467
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: 4 months ago (MLSPIN #73184579)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Dec 11, 2023 In contract -
In contract
Dec 5, 2023 Listed by Sebio Savje Premier Realty $400,000
Listed by Sebio Savje Premier Realty

Property Highlights

Parking Available
Fireplace

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: 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: 891
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,239
  • Total Building Area: 912
  • Gross Building Area: 2,113
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000373
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 115-117
  • Parcel: FRAN M:236 L:164
  • Lot: 164
  • Municipality: FRANKLIN
  • Latitude: 42.1116
  • Longitude: -71.4271

    Address

  • Full Address: 5 Southgate Rd
  • Address - House Number: 5
  • Address - Street Name: Southgate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C013
  • 4-Digit Zip Code: 2750
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0704
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 95
  • Final Value: 413,601
  • High Value: 442,728
  • Low Value: 384,474

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,000
  • Assessed Land Value: $242,800
  • Assessed Improvements Value: $221,200

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3720
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73184579

Frequently Asked Questions

When was property at 5 Southgate Road built and last sold?
The property at 5 Southgate Road was built in 1959 and last sold on Jan 19, 2024 for $425,000.
How much is this home worth?
The estimated value of the home located at 5 Southgate Road is $402,016.
What are some comparable homes to 5 Southgate Road?
There are currently no comparable homes to 5 Southgate Road.
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