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Franklin Town 02038
51 Indian Ln
$440,000
● House - Off Market

51 Indian Ln

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,483 Ft²
$747,311
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Oversized Cape with PRIME cul-de-sac neighborhood location! Not your typical floor plan. Family Room with cathedral ceiling, 4 season sun-porch,finished lower level. This home has great bones but needs updating and some  work on interior and exterior .
Unit Size
2,483 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$199
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1995

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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: 5 months ago (MLSPIN #72426510)

Price History

Date / Event Date Event Price
Feb 28, 2019 Sold
Premium
Sold
Nov 25, 2018 Listed by AllTown Real Estate Corp $495,000
Listed by AllTown Real Estate Corp
Jul 30, 2007 Sold
Premium
Sold
Jan 30, 2007 Listed by AllTown Real Estate Corp $500,000
Listed by AllTown Real Estate Corp
Dec 19, 1995 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 936
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,882
  • Total Building Area: 2,483
  • Gross Building Area: 4,682
  • Building Area: 2,483
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,483
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCK ESTATES
  • Land Acres: 0000000525
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442203

Geography

  • Account Number: 77-017-14
  • Parcel: FRAN M:281 L:046
  • Lot: 46
  • Municipality: FRANKLIN
  • Latitude: 42.0857
  • Longitude: -71.3688

    Address

  • Full Address: 51 Indian Ln
  • Address - House Number: 51
  • Address - Street Name: Indian
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C018
  • 4-Digit Zip Code: 1299
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $802,300

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 723,123
  • High Value: 831,839
  • Low Value: 614,408

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $680,500
  • Assessed Land Value: $361,500
  • Assessed Improvements Value: $319,000

    Sales

  • Current Sale Contract Date: Feb 26, 2019
  • Current Sale Recording Date: Feb 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14429
  • Previous Sale Recording Date: Jul 30, 2007
  • Previous Sale Amount: $500,000
  • 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

$336

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2053 ft²

Average Home Age

47.1 years

Currently For Sale

57 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: 5 months ago
Data Source: MLS PIN, MLS# 72426510

Frequently Asked Questions

When was property at 51 Indian Lane built and last sold?
The property at 51 Indian Lane was built in 1995 and last sold on Feb 26, 2019 for $440,000.
How much is this home worth?
The estimated value of the home located at 51 Indian Lane is $506,631.
What are some comparable homes to 51 Indian Lane?
There are currently no comparable homes to 51 Indian Lane.
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