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Franklin Town 02038
8 Indian Lane
Photo of 8 Indian Lane
Sold on Feb 16, 2006

1

Map

$611,900
● House - Off Market

8 Indian Lane

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,692 Ft²
$1,070,813
RealtyHop Estimate
70.00%
Since Mar 1, 2006
National-US
Primary Model

About This Property

THIS IS THE HOME YOU'VE BEEN HOPING TO FIND.  TURNKEY COLONIAL ON AN ACRE IN A NEIGHBORHOOD SETTING! ATTENTION TO DETAIL SHOWS IN EVERY ROOM.  GLEAMING HARDWOOD FLOORS, ELEGANT MOLDINGS, AND A GREAT LAYOUT.  HUGE FAMILYROOM W/NEW HARDWOOD & FIREPLACE.  SPACIOUS GOURMET KITCHEN.  1ST FLOOR LAUNDRYROOM & OFFICE, FINISHED BASEMENT, & A LANDSCAPED YARD LIKE NO OTHER.  MASTER SUITE HAS A TRAY CEILING, WALK-IN CLOSET, & SPA BATH.  14X28 DECK, STORAGE SHED, PULL DOWN ATTIC STAIRS FOR LOTS OF STORAGE.
Unit Size
2,692 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$234
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1994

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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: 6 months ago (MLSPIN #70303656)

Price History

Date / Event Date Event Price
Feb 16, 2006 Sold
Premium
Sold
Dec 10, 2005 Listed $629,900
Listed

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 1,470
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,620
  • Total Building Area: 2,630
  • Gross Building Area: 4,713
  • Building Area: 2,630
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,630
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN ROCK ESTATES
  • Land Acres: 0000000933
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442203

Geography

  • Account Number: 77-017-03
  • Parcel: FRAN M:281 L:031
  • Lot: 31
  • Municipality: FRANKLIN
  • Latitude: 42.0873
  • Longitude: -71.3729

    Address

  • Full Address: 8 Indian Ln
  • Address - House Number: 8
  • Address - Street Name: Indian
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C018
  • 4-Digit Zip Code: 1297
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,001,800

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 956,852
  • High Value: 1,110,095
  • Low Value: 803,609

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $849,700
  • Assessed Land Value: $366,200
  • Assessed Improvements Value: $483,500

    Sales

  • Current Sale Recording Date: Feb 16, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 124856
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

52

Average Home Size

2059 ft²

Average Home Age

48.3 years

Currently For Sale

68 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: 6 months ago
Data Source: MLS PIN, MLS# 70303656

Frequently Asked Questions

When was property at 8 Indian Lane built and last sold?
The property at 8 Indian Lane was built in 1994 and last sold on Jan 1, 1970 for $611,900.
How much is this home worth?
The estimated value of the home located at 8 Indian Lane is $649,795.
What are some comparable homes to 8 Indian Lane?
There are currently no comparable homes to 8 Indian Lane.
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