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Franklin Town 02038
8 Forge Hill Rd
$400,000
● House - Off Market

8 Forge Hill Rd

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,079 Ft²
$887,965
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Spectacular 66 ft ranch presents fantastic interior renovation, superb one level living.  Walkout basement w/ 2 exterior entries; in-law potential! Gorgeous granite kitchen w/ 8 ft center isle opens to fabulous 19 X 18 ft vaulted family rm w/ frpl, skylight & double sliders to 19 X 12 ft deck.  Master suite has delightful solarium & master bath w/ exquisite tile, soaking tub, massive shower and double sink vanity.  New cen AC, hardwood galore!  Huge private rear yd & 30 ft X 23 ft garage.
Unit Size
2,079 Ft²
Days on Market
-
Land Size
1.59 acres
Price per sqft
$200
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1959

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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 #71436581)

Price History

Date / Event Date Event Price
Jan 11, 2013 Sold
Premium
Sold
Sep 18, 2012 Listed by Century 21 Commonwealth $414,900
Listed by Century 21 Commonwealth
Jul 11, 2012 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,440
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 69,130
  • Total Building Area: 2,079
  • Gross Building Area: 4,107
  • Building Area: 2,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,079
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001587
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442105

Geography

  • Account Number: 72-028
  • Parcel: FRAN M:276 L:011
  • Lot: 11
  • Municipality: FRANKLIN
  • Latitude: 42.0842
  • Longitude: -71.4283

    Address

  • Full Address: 8 Forge Hill Rd
  • Address - House Number: 8
  • Address - Street Name: Forge Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: R008
  • 4-Digit Zip Code: 3176
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $784,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 790,562
  • High Value: 909,400
  • Low Value: 671,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $665,000
  • Assessed Land Value: $252,900
  • Assessed Improvements Value: $412,100

    Sales

  • Current Sale Recording Date: Jan 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 11, 2012
  • Previous Sale Amount: $215,000
  • 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

$338

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2141 ft²

Average Home Age

52.5 years

Currently For Sale

46 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# 71436581

Frequently Asked Questions

When was property at 8 Forge Hill Road built and last sold?
The property at 8 Forge Hill Road was built in 1959 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 8 Forge Hill Road is $432,836.
What are some comparable homes to 8 Forge Hill Road?
There are currently no comparable homes to 8 Forge Hill Road.
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