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Franklin Town 02038
50 Shady Ln
$646,000
● House - Off Market

50 Shady Ln

Franklin, MA 02038
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,812 Ft²
$598,263
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

OPPORTUNITY KNOCKING!! THIS LARGE COLONIAL OFFERS A GREAT WAY FOR SOMEONE HANDY TO GET INTO A GOOD SIZE HOME IN AN AWESOME LOCATION WITH DOING THEIR OWN UPDATES! THIS 4/5 BEDROOM HOME IN A DESIRED NEIGHBORHOOD NEEDS SOME TLC. THE ROOF AND SIDING WILL NEED REPLACEMENT, BUT EVERYTHING ELSE IS COSMETIC. AN OPEN PLAN FROM THE KITCHEN TO AN AMAZING, 24X24  FAMILY ROOM WITH CATHEDRAL CEILING AND WOOD STOVE. LIVING ROOM, DINING ROOM AND FIRST FLOOR OFFICE (OR 5TH BEDROOM) ALL HAVE HARDWOOD FLOORS. UPSTAIRS ARE 4 BEDROOMS AND SECOND FULL BATH. FINISHED LOWER LEVEL IS GREAT PLAY/BONUS SPACE! HUGE YARD WITH GREAT PRIVACY IN THE BACK. 2 CAR GARAGE. TOWN WATER AND SEWER. THE CENTRAL AIR AND DUCTLESS ARE ONLY 4YRS OLD.  A LITTLE SWEAT EQUITY WILL MAKE THIS HOME A GEM!
Unit Size
2,812 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$213
Property Type
House
Property Taxes
$637
HOA Dues
-
Year Built
1978

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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: 5 months ago (MLSPIN #73128822)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
Jun 26, 2023 In contract -
In contract
Jun 23, 2023 Listed by RE/MAX Executive Realty $599,900
Listed by RE/MAX Executive Realty
Jun 30, 2017 Sold
Premium
Sold
May 2, 2017 Listed by RE/MAX Executive Realty $439,900
Listed by RE/MAX Executive Realty
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,448
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,417
  • Total Building Area: 2,312
  • Gross Building Area: 3,964
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000629
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442101

Geography

  • Account Number: 102-077
  • Parcel: FRAN M:250 L:051
  • Lot: 51
  • Municipality: FRANKLIN
  • Latitude: 42.103
  • Longitude: -71.3934

    Address

  • Full Address: 50 Shady Ln
  • Address - House Number: 50
  • Address - Street Name: Shady
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C021
  • 4-Digit Zip Code: 1602
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $804,700

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 728,368
  • High Value: 853,737
  • Low Value: 602,999

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $682,500
  • Assessed Land Value: $330,300
  • Assessed Improvements Value: $352,200

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44618
  • Previous Sale Recording Date: Jun 30, 2017
  • Previous Sale Amount: $445,000
  • 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

$333

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1993 ft²

Average Home Age

46.7 years

Currently For Sale

65 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: 5 months ago
Data Source: MLS PIN, MLS# 73128822

Frequently Asked Questions

When was property at 50 Shady Lane built and last sold?
The property at 50 Shady Lane was built in 1978 and last sold on Jul 14, 2023 for $646,000.
How much is this home worth?
The estimated value of the home located at 50 Shady Lane is $607,631.
What are some comparable homes to 50 Shady Lane?
There are currently no comparable homes to 50 Shady Lane.
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