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Franklin Town 02038
8 Cortland Dr.
$499,000
● House - Off Market

8 Cortland Dr.

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,420 Ft²
$927,512
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Beautiful 4 bed 2.5 bath colonial built in 2001 on a quiet street with nearly one acre of land. Home has a large eat in kitchen with upgraded cabinets. Opens to a over sized family room with a fireplace and cathedral ceiling. Features a bright living room and dining room. Master bedroom has a spacious walk in closet and a private bathroom. Huge basement with an additional 840 sqft of finished space. Central air and three heat zones. Great opportunity to own in Franklin!
Unit Size
2,420 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$206
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71639304)

Price History

Date / Event Date Event Price
Jun 13, 2014 Sold
Premium
Sold
Mar 3, 2014 Listed by Keller Williams Realty Northern RI $499,000
Listed by Keller Williams Realty Northern RI

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • 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: 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: 1,300
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,001
  • Total Building Area: 2,420
  • Gross Building Area: 5,382
  • Building Area: 2,420
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,420
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000964
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 139-025-05
  • Parcel: FRAN M:206 L:049
  • Lot: 49
  • Municipality: FRANKLIN
  • Latitude: 42.133
  • Longitude: -71.3965

    Address

  • Full Address: 8 Cortland Dr
  • Address - House Number: 8
  • Address - Street Name: Cortland
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: R002
  • 4-Digit Zip Code: 1084
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $837,300

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 878,448
  • High Value: 1,055,791
  • Low Value: 701,104

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,200
  • Assessed Land Value: $228,300
  • Assessed Improvements Value: $481,900

    Sales

  • Current Sale Recording Date: Jun 13, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1308512
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71639304

Frequently Asked Questions

When was property at 8 Cortland Drive built and last sold?
The property at 8 Cortland Drive was built in 2001 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 8 Cortland Drive is $516,359.
What are some comparable homes to 8 Cortland Drive?
There are currently no comparable homes to 8 Cortland Drive.
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