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Franklin Town 02038
8 Georgia Drive
$490,000
● House - Off Market

8 Georgia Drive

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,520 Ft²
$843,536
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Charming, extended Cape style home on large, level corner lot. Lots of flexibility for all types of lifestyles! Floor plan can grow and change as your needs change. Home boasts a fourth bedroom or second story playroom with separate stair case over the garage. Overlook your beautiful rear yard with storage shed from the screened porch or composite deck. Lots of updates – newer driveway, roof, recessed lights, garage doors, central air conditioning, water conditioner and deck. You'll never run out of storage space in this home! So many storage closets!  Other areas to enjoy include: skylight office, exercise area and second floor laundry.   Welcome Home to Franklin!                                          Sellers to entertain offers between $475,000 - $500,000.
Unit Size
2,520 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$188
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1989

Payment Calculator

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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 #71832735)

Price History

Date / Event Date Event Price
Jul 27, 2015 Sold
Premium
Sold
May 8, 2015 Listed by Coldwell Banker Residential Brokerage - Franklin $475,000
Listed by Coldwell Banker Residential Brokerage - Franklin
Apr 30, 2002 Sold
Premium
Sold
Feb 14, 2002 Listed by Coldwell Banker Residential Brokerage - Franklin $399,900
Listed by Coldwell Banker Residential Brokerage - Franklin

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 40,010
  • Total Building Area: 2,176
  • Gross Building Area: 4,949
  • Building Area: 2,176
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,176
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000919
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 131-061
  • Parcel: FRAN M:214 L:132
  • Lot: 132
  • Municipality: FRANKLIN
  • Latitude: 42.1266
  • Longitude: -71.4017

    Address

  • Full Address: 8 Georgia Dr
  • Address - House Number: 8
  • Address - Street Name: Georgia
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: R002
  • 4-Digit Zip Code: 1043
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $803,700

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 791,474
  • High Value: 918,231
  • Low Value: 664,717

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,700
  • Assessed Land Value: $333,400
  • Assessed Improvements Value: $348,300

    Sales

  • Current Sale Recording Date: Jul 27, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71464
  • Previous Sale Recording Date: Apr 30, 2002
  • Previous Sale Amount: $399,900
  • 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

$333

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1993 ft²

Average Home Age

46.7 years

Currently For Sale

65 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: 5 months ago
Data Source: MLS PIN, MLS# 71832735

Frequently Asked Questions

When was property at 8 Georgia Drive built and last sold?
The property at 8 Georgia Drive was built in 1989 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 Georgia Drive is $497,023.
What are some comparable homes to 8 Georgia Drive?
There are currently no comparable homes to 8 Georgia Drive.
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