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Franklin Town 02038
6 Michael Road
$385,000
● House - Off Market

6 Michael Road

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,344 Ft²
$972,599
RealtyHop Estimate
146.29%
Since Oct 1, 2002
National-US
Primary Model

About This Property

CHARMING GAMBREL CAPE WITH A-DORMERS AND ATTACHED FIREPLACED FAMILY RM W/CATHEDRAL CEILING AND A 2 CAR GARAGE. 3-4 BEDRMS 2,344 SQ FT LIVING AREA. 2 FULL BATHS. FIREPLACED LIVING RM DINING RM. PRIVATE 1 ACRE TREED LOT ON CUL-DE-SAC.
Unit Size
2,344 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$168
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1985

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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: 4 months ago (MLSPIN #30627635)

Price History

Date / Event Date Event Price
Sep 30, 2002 Sold
Premium
Sold
Jul 19, 2002 Listed by Dewolfe-Franklin $394,900
Listed by Dewolfe-Franklin
May 21, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,480
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,782
  • Total Building Area: 2,311
  • Gross Building Area: 4,114
  • Building Area: 2,311
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,311
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001051
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442201

Geography

  • Account Number: 10-008
  • Parcel: FRAN M:334 L:011
  • Lot: 11
  • Municipality: FRANKLIN
  • Latitude: 42.044
  • Longitude: -71.4121

    Address

  • Full Address: 6 Michael Rd
  • Address - House Number: 6
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 2566
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $787,800

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 764,602
  • High Value: 887,056
  • Low Value: 642,149

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $668,200
  • Assessed Land Value: $335,500
  • Assessed Improvements Value: $332,700

    Sales

  • Current Sale Recording Date: Sep 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 937634
  • Previous Sale Recording Date: May 21, 1996
  • Previous Sale Amount: $179,900
  • Previous Sale Document Type: 43
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

2076 ft²

Average Home Age

51.3 years

Currently For Sale

42 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: 4 months ago
Data Source: MLS PIN, MLS# 30627635

Frequently Asked Questions

When was property at 6 Michael Road built and last sold?
The property at 6 Michael Road was built in 1985 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 6 Michael Road is $417,953.
What are some comparable homes to 6 Michael Road?
There are currently no comparable homes to 6 Michael Road.
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