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Franklin Town 02038
582 Oak Street
$275,000
● House - Off Market

582 Oak Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
1 Bath
square feet
944 Ft²
$263,825
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

BEST & FINAL OFFERS DUE FRIDAY 10/28  BY NOON  -  ATTENTION CONTRACTORS AND CASH BUYERS -  Property is currently non habitable due to a fire - Fire, Smoke and Water Damage -   PROPERTY TO BE SOLD AS IS - Electricity and Gas have been shut off to the property.     Home to be sold with all existing debris/contents inside /outside and buyer is responsible for removal after closing.     Seller has no knowledge on any of the mechanicals or repairs needed to the property .    Property also listed as Land. No interior access - Exterior viewings Only -  Buyers/Agents please log site visits with Showing Time.  Property has Town Water, Sewer, Natural Gas -  Great project for a contractor- rehab property and get this  back on the market for the NEW YEAR -  All Offers will be reviewed by seller on 10/28
Unit Size
944 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$265
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1957

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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 #73050655)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Oct 29, 2022 In contract -
In contract
Oct 20, 2022 Listed by Costello Realty $250,000
Listed by Costello Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,758
  • Total Building Area: 944
  • Gross Building Area: 2,112
  • Building Area: 944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 944
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000385
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 100-015
  • Parcel: FRAN M:252 L:019
  • Lot: 19
  • Municipality: FRANKLIN
  • Latitude: 42.1019
  • Longitude: -71.4219

    Address

  • Full Address: 582 Oak St
  • Address - House Number: 582
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C012
  • 4-Digit Zip Code: 2895
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $442,000

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 481,284
  • High Value: 558,363
  • Low Value: 404,205

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $374,900
  • Assessed Land Value: $236,900
  • Assessed Improvements Value: $138,000

    Sales

  • Current Sale Contract Date: Nov 09, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 97139
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73050655

Frequently Asked Questions

When was property at 582 Oak Street built and last sold?
The property at 582 Oak Street was built in 1957 and last sold on Nov 9, 2022 for $275,000.
How much is this home worth?
The estimated value of the home located at 582 Oak Street is $258,672.
What are some comparable homes to 582 Oak Street?
There are currently no comparable homes to 582 Oak Street.
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