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Franklin Town 02038
8 Martha's Way
$379,000
● House - Off Market

8 Martha's Way

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,472 Ft²
$1,014,509
RealtyHop Estimate
167.68%
Since Dec 1, 2001
National-US
Primary Model

About This Property

BREATHE-TAKING COLONIAL IN FAMILY NEIGHBORHOOD.HUGE FAMILY RM W/FIREPLACE OVER 2 CAR GAR. FINISHED WALKOUT BASEMENT W/ RECESSED LIGHTS USED AS HI-TECH OFFICE. MARBLE FLR IN BATHRM M.B HAS JACUZZI TUB,C/A,SPRINKLER/ALARM SYST.INVIS DOG FENCE
Unit Size
2,472 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$153
Property Type
House
Property Taxes
-
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: 4 years ago (MLSPIN #30543974)

Price History

Date / Event Date Event Price
Aug 1, 2003 Sold
Premium
Sold
May 15, 2003 Listed by Richard Moore Real Estate $456,900
Listed by Richard Moore Real Estate
Nov 19, 2001 Sold
Premium
Sold
Sep 19, 2001 Listed by Richard Moore Real Estate $379,000
Listed by Richard Moore Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • 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: 936
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,441
  • Total Building Area: 2,732
  • Gross Building Area: 5,042
  • Building Area: 2,732
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,732
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001135
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442204

Geography

  • Account Number: 86-012-11
  • Parcel: FRAN M:263 L:010
  • Lot: 10
  • Municipality: FRANKLIN
  • Latitude: 42.0948
  • Longitude: -71.3777

    Address

  • Full Address: 8 Marthas Way
  • Address - House Number: 8
  • Address - Street Name: Marthas
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Franklin
  • Carrier Code: C005
  • 4-Digit Zip Code: 1294
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $882,000

    Appraisal Valuation

  • Standard Deviation: 0.1503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 879,017
  • High Value: 1,011,152
  • Low Value: 746,882

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $748,100
  • Assessed Land Value: $338,000
  • Assessed Improvements Value: $410,100

    Sales

  • Current Sale Recording Date: Aug 01, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 19, 2001
  • Previous Sale Amount: $379,000
  • 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

$336

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2076 ft²

Average Home Age

52.3 years

Currently For Sale

47 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: 4 years ago
Data Source: MLS PIN, MLS# 30543974

Frequently Asked Questions

When was property at 8 Martha's Way built and last sold?
The property at 8 Martha's Way was built in 1994 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 8 Martha's Way is $0.
What are some comparable homes to 8 Martha's Way?
There are currently no comparable homes to 8 Martha's Way.
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