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Franklin Town 02038
51 Palomino Dr
$662,500
● House - Off Market

51 Palomino Dr

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$598,263
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

AWESOME LARGE CORNER LOT COLONIAL IN DOVER FARMS! BEAUTIFUL AND BRIGHT 2 STORY FOYER. LARGE FRONT TO BACK OPEN LIVING ROOM/DINING ROOM WITH HARDWOOD FLOORS AND WOOD BURNING FIREPLACE. NICE CUSTOM BLINDS THRU OUT! KITCHEN WITH STAINLESS STEEL APPLIANCES, VENTED HOOD, AND LARGE EATING OR SITTING AREA WITH SLIDER TO DECK. HALF BATH HAS LARGE STORAGE CLOSET OR COULD ACCOMMODATE A WASHER AND DRYER ON MAIN LEVEL INSTEAD OF IN BASEMENT. SECOND LEVEL HAS THREE BEDROOMS AND A FULL BATH. THE MAIN BEDROOM HAS HUGE WALK IN CLOSET AND PRIVATE FULL BATH. FULL BASEMENT HAS A PARTIALLY FINISHED ROOM GREAT FOR OFFICE OR PLAYROOM.  ROOF IS 3 YRS OLD. HEATING SYSTEM APPROX 13 YRS OLD. NATURAL GAS. TOWN WATER AND SEWER. CENTRAL AIR AND ENERGY EFFICIENT SOLAR PANELS!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$333
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1996

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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: 6 months ago (MLSPIN #73117504)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
May 30, 2023 Listed by RE/MAX Executive Realty $599,900
Listed by RE/MAX Executive Realty
May 3, 2016 Sold
Premium
Sold
Feb 19, 2016 Listed by RE/MAX Executive Realty $404,900
Listed by RE/MAX Executive Realty
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 876
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,557
  • Total Building Area: 1,631
  • Gross Building Area: 2,956
  • Building Area: 1,631
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,631
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 135-046-03
  • Parcel: FRAN M:211 L:106
  • Lot: 106
  • Municipality: FRANKLIN
  • Latitude: 42.1296
  • Longitude: -71.4402

    Address

  • Full Address: 51 Palomino Dr
  • Address - House Number: 51
  • Address - Street Name: Palomino
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C007
  • 4-Digit Zip Code: 4504
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,300

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 606,401
  • High Value: 703,518
  • Low Value: 509,284

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $556,700
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $336,600

    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: 44624
  • Previous Sale Recording Date: May 03, 2016
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2097 ft²

Average Home Age

47.8 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: 6 months ago
Data Source: MLS PIN, MLS# 73117504

Frequently Asked Questions

When was property at 51 Palomino Drive built and last sold?
The property at 51 Palomino Drive was built in 1996 and last sold on Jul 14, 2023 for $662,500.
How much is this home worth?
The estimated value of the home located at 51 Palomino Drive is $604,218.
What are some comparable homes to 51 Palomino Drive?
There are currently no comparable homes to 51 Palomino Drive.
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