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Franklin Town 02038
7 Charles River Drive
$525,000
● House - Off Market

7 Charles River Drive

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,630 Ft²
$1,059,838
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

CHARLES RIVER FARMS NEIGHBORHD.ELEVEN RM COL W/APPROX 800 SQ FT IN FIN LL. KIT OFFERS STEP DOWN BREAKFAST AREA W/HDWD FLRS,SKYLIGHTS,FIREPLACE,CENTER ISLAND, DBL PANTRY,STARON COUNTERS & NEW FRENCH DRS LEADING TO DECK & LEVEL WOODED LEVEL YARD. FR BOASTS BRICK FP,BUILT IN BKSHELVES,WET BAR & WINDOW SEAT.MST BR HAS SITTING AREA/OFFICE W/BUILT IN WALL UNIT,FULL BTH & WALK IN CLOSET.SEP LAUNDRY RM LOTS OF CRWN MOLDING,BRAND NEW BAMBOO WOOD FLS ON 2ND FL & RECESSED LIGHTS THRUOUT.CONVENIENT TO ALL
Unit Size
2,630 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$205
Property Type
House
Property Taxes
$51,671
HOA Dues
-
Year Built
1988

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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 #71493644)

Price History

Date / Event Date Event Price
Jun 5, 2013 Sold
Premium
Sold
Mar 14, 2013 Listed by Coldwell Banker Residential Brokerage - Franklin $540,000
Listed by Coldwell Banker Residential Brokerage - Franklin
Jan 29, 2010 Sold
Premium
Sold
Nov 8, 2009 Listed by Coldwell Banker Residential Brokerage - Franklin $515,000
Listed by Coldwell Banker Residential Brokerage - Franklin
Apr 4, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,152
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,117
  • Total Building Area: 2,594
  • Gross Building Area: 4,386
  • Building Area: 2,594
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,594
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENT ST
  • Land Acres: 0000000577
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 100-057
  • Parcel: FRAN M:252 L:057
  • Lot: 57
  • Municipality: FRANKLIN
  • Latitude: 42.1037
  • Longitude: -71.4226

    Address

  • Full Address: 7 Charles River Dr
  • Address - House Number: 7
  • Address - Street Name: Charles River
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: C012
  • 4-Digit Zip Code: 2884
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $981,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 948,203
  • High Value: 1,107,640
  • Low Value: 788,766

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $832,400
  • Assessed Land Value: $362,100
  • Assessed Improvements Value: $470,300

    Sales

  • Current Sale Recording Date: Jun 05, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000006
  • Previous Sale Recording Date: Jan 29, 2010
  • Previous Sale Amount: $500,000
  • 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

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2147 ft²

Average Home Age

52.8 years

Currently For Sale

44 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# 71493644

Frequently Asked Questions

When was property at 7 Charles River Drive built and last sold?
The property at 7 Charles River Drive was built in 1988 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 7 Charles River Drive is $556,986.
What are some comparable homes to 7 Charles River Drive?
There are currently no comparable homes to 7 Charles River Drive.
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