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Franklin Town 02038
602 Union Street
$439,000
● House - Off Market

602 Union Street

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,739 Ft²
$645,330
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

It's not often a Tudor hits the market in desirable Franklin. Come see this rare architectural gem for yourself! You will marvel in all of the details! Featuring arched doorways, beamed ceiling and built-ins. This pristine home has been updated and has all the amenities of today, while keeping its charming appeal of yesterday. Offering new windows, new electric panel, and new siding!  Gorgeous updated kitchen featuring; granite counter tops, stainless steal appliances and beautiful hardwood floors.  Lots of natural light throughout, and plenty of storage.  Detached two-bay garage with attic storage, additional shed, and plenty of space for a garden on this level lot.  Excellent commuter location!  You can jump on 495 or take a walk to the commuter rail.
Unit Size
1,739 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$252
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1934

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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 #72493287)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by RE/MAX Executive Realty $499,900
Listed by RE/MAX Executive Realty
Jun 28, 2019 Sold
Premium
Sold
May 2, 2019 Listed by RE/MAX Executive Realty $439,000
Listed by RE/MAX Executive Realty
Jun 15, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 13
  • 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: 951
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,339
  • Total Building Area: 1,864
  • Gross Building Area: 3,073
  • Building Area: 1,864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKLIN
  • Land Acres: 0000000536
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442204

Geography

  • Account Number: 49-031-01
  • Parcel: FRAN M:303 L:094
  • Lot: 94
  • Municipality: FRANKLIN
  • Latitude: 42.0687
  • Longitude: -71.3995

    Address

  • Full Address: 602 Union St
  • Address - House Number: 602
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: C014
  • 4-Digit Zip Code: 2411
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $687,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 695,792
  • High Value: 815,984
  • Low Value: 575,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,200
  • Assessed Land Value: $238,600
  • Assessed Improvements Value: $344,600

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89976
  • Previous Sale Recording Date: Jun 28, 2019
  • Previous Sale Contract Date: Jun 21, 2019
  • Previous Sale Amount: $439,000
  • Previous Sale Document Type: O
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

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

52.3 years

Currently For Sale

47 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: 4 months ago
Data Source: MLS PIN, MLS# 72493287

Frequently Asked Questions

When was property at 602 Union Street built and last sold?
The property at 602 Union Street was built in 1934 and last sold on Jul 9, 2021 for $560,000.
How much is this home worth?
The estimated value of the home located at 602 Union Street is $506,860.
What are some comparable homes to 602 Union Street?
There are currently no comparable homes to 602 Union Street.
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