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Franklin Town 02038
8 Newell Dr
$675,000
● House - Off Market

8 Newell Dr

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,200 Ft²
$1,300,933
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

THE LOOK IS OVER....One of a kind,Spacious, Bright Colonial in much sought after prime location in Highland Estates. Grand two story entrance, cabinet packed eat-in kitchen, family room with floor to ceiling brick fireplace, cathedral ceilings and built ins. Gorgeous Sun Room with cathedral ceilings, recessed lighting and gas fireplace overlooks the serene setting of over an acre lot. Lots of hardwood, 9ft ceilings walk out bays, built-ins galore. Second level bedrooms all hardwood floors, master with walk-in, private bath with Jacuzzi. Enormous finished basement with 3 separate room, recessed lighting, French doors and walk out. New furnace 2014,New roof 2010, Garage Doors 2009 and Sun room 2008. Close to highway and train.
Unit Size
4,200 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$167
Property Type
House
Property Taxes
$717
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 months ago (MLSPIN #71654462)

Price History

Date / Event Date Event Price
Jun 30, 2014 Sold
Premium
Sold
Apr 3, 2014 Listed by RE/MAX Executive Realty $699,900
Listed by RE/MAX Executive Realty
Jul 31, 2001 Sold
Premium
Sold
Mar 20, 2001 Listed by RE/MAX Executive Realty $599,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,565
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Total Building Area: 2,782
  • Gross Building Area: 5,600
  • Building Area: 2,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,782
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND ESTATES
  • Land Acres: 0000001070
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 124-046
  • Parcel: FRAN M:227 L:005
  • Lot: 5
  • Municipality: FRANKLIN
  • Latitude: 42.119
  • Longitude: -71.4071

    Address

  • Full Address: 8 Newell Dr
  • Address - House Number: 8
  • Address - Street Name: Newell
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Franklin
  • Carrier Code: R007
  • 4-Digit Zip Code: 1599
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,147,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 1,061,843
  • High Value: 1,241,728
  • Low Value: 881,959

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $973,300
  • Assessed Land Value: $379,100
  • Assessed Improvements Value: $594,200

    Sales

  • Current Sale Recording Date: Jun 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52957
  • Previous Sale Recording Date: Jul 31, 2001
  • Previous Sale Amount: $590,000
  • 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

$337

Below Asking

0.01%

Average Days on Market

51

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71654462

Frequently Asked Questions

When was property at 8 Newell Drive built and last sold?
The property at 8 Newell Drive was built in 1994 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 8 Newell Drive is $741,613.
What are some comparable homes to 8 Newell Drive?
There are currently no comparable homes to 8 Newell Drive.
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