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Franklin Town 02038
7 Peters Ln
$528,000
● House - Off Market

7 Peters Ln

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,804 Ft²
$1,011,570
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Beautiful Colonial in Dianna Estates offering a spacious eat-in kitchen opened to a fireplaced family room, formal dining room with hardwood floors & formal living room.  Oversized expanded deck with hot tub overlooks the private wooded lot.  Nice finished lower level playroom.  Town water, sewer & gas.  Great commuter location- close to Rt 495 and train to Boston.  Showings start Saturday June 29th.
Unit Size
2,804 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$185
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1990

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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 #71547739)

Price History

Date / Event Date Event Price
Jul 22, 2021 Sold
Premium
Sold
Jun 15, 2021 Listed by Classic Properties REALTORS® $689,900
Listed by Classic Properties REALTORS®
Aug 28, 2013 Sold
Premium
Sold
Jun 26, 2013 Listed by Classic Properties REALTORS® $519,900
Listed by Classic Properties REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • 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: 988
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,346
  • Total Building Area: 2,218
  • Gross Building Area: 4,668
  • Building Area: 2,218
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,218
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001041
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 16-048
  • Parcel: FRAN M:335 L:090
  • Lot: 90
  • Municipality: FRANKLIN
  • Latitude: 42.0481
  • Longitude: -71.4187

    Address

  • Full Address: 7 Peters Ln
  • Address - House Number: 7
  • Address - Street Name: Peters
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: R004
  • 4-Digit Zip Code: 3351
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $948,600

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 807,091
  • High Value: 942,675
  • Low Value: 671,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $804,600
  • Assessed Land Value: $378,700
  • Assessed Improvements Value: $425,900

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95809
  • Previous Sale Recording Date: Aug 28, 2013
  • Previous Sale Amount: $528,000
  • 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:

$695,000

Sale Price/ft²

$335

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2066 ft²

Average Home Age

51.2 years

Currently For Sale

64 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# 71547739

Frequently Asked Questions

When was property at 7 Peters Lane built and last sold?
The property at 7 Peters Lane was built in 1990 and last sold on Jul 22, 2021 for $705,000.
How much is this home worth?
The estimated value of the home located at 7 Peters Lane is $703,120.
What are some comparable homes to 7 Peters Lane?
There are currently no comparable homes to 7 Peters Lane.
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