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Franklin Town 02038
56 High Ridge Circle
$300,000
● Land - Off Market

56 High Ridge Circle

Franklin, MA 02038
bedrooms
Studio
bathrooms
0 Bath
$658,611
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

The last building lot in Highland Estates!  Build your dream home on this spectacular lot in Franklins prestigious Highland Estates.  This lot has been used as an accessory lot with a $100,000 lighted basketball court, tennis court, putting green, batting cage, etc.... The lawns are lush and the plantings are mature all you need to do is build your house and you will be HOME!
Unit Size
-
Days on Market
-
Land Size
0.69 acres
Price per sqft
-
Property Type
Land
Property Taxes
$258
HOA Dues
-
Year Built
2013

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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 #71317280)

Price History

Date / Event Date Event Price
Nov 1, 2012 Sold
Premium
Sold
Dec 6, 2011 Listed by RE/MAX Executive Realty $305,000
Listed by RE/MAX Executive Realty
Aug 7, 2006 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 4,004
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,252
  • Total Building Area: 4,004
  • Gross Building Area: 10,194
  • Building Area: 4,004
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,004
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000694
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 117-008-16
  • Parcel: FRAN M:234 L:061
  • Lot: 61
  • Municipality: FRANKLIN
  • Latitude: 42.1134
  • Longitude: -71.4079

    Address

  • Full Address: 56 High Ridge Cir
  • Address - House Number: 56
  • Address - Street Name: High Ridge
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Franklin
  • Carrier Code: R007
  • 4-Digit Zip Code: 4125
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,462,900

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 1,335,081
  • High Value: 1,502,988
  • Low Value: 1,167,175

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,240,800
  • Assessed Land Value: $374,900
  • Assessed Improvements Value: $865,900

    Sales

  • Current Sale Recording Date: Nov 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 07, 2006
  • Previous Sale Amount: $350,000
  • 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:

$699,000

Sale Price/ft²

$337

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2038 ft²

Average Home Age

51 years

Currently For Sale

46 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# 71317280

Frequently Asked Questions

When was property at 56 High Ridge Circle built and last sold?
The property at 56 High Ridge Circle was built in 2013 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 56 High Ridge Circle is $308,050.
What are some comparable homes to 56 High Ridge Circle?
There are currently no comparable homes to 56 High Ridge Circle.
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