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Franklin Town 02038
8 Padden Rd
$773,000
● House - Off Market

8 Padden Rd

Franklin, MA 02038
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,312 Ft²
$697,990
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Experience the best of both worlds with this stunning colonial home located at 8 Padden Rd, in the heart of a desirable Franklin, MA neighborhood. With 4 bedrooms, 2.5 baths, a partially finished basement, A/C, and a large composite deck, this property is ideal for both relaxation and entertainment. The main bedroom features an attached bathroom for privacy and convenience. The home's first floor boasts a large and well-equipped kitchen, complete with a generous pantry, and first-floor laundry for added convenience. Enjoy the perks of living in a prime location, with proximity to the T station and downtown, offering easy access to all the amenities this area has to offer. Don't miss your chance to see this beautiful home, join us for our open houses this weekend on Saturday and Sunday from 12-2.
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$303
Property Type
House
Property Taxes
$671
HOA Dues
-
Year Built
1997

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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 #73104658)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
May 4, 2023 In contract -
In contract
Apr 28, 2023 Listed by Berkshire Hathaway HomeServices Page Realty $699,900
Listed by Berkshire Hathaway HomeServices Page Realty
Jun 1, 2009 Sold
Premium
Sold
Mar 24, 2009 Listed by Berkshire Hathaway HomeServices Page Realty $469,900
Listed by Berkshire Hathaway HomeServices Page Realty
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,280
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,247
  • Total Building Area: 2,312
  • Gross Building Area: 3,823
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442101

Geography

  • Account Number: 85-001-12
  • Parcel: FRAN M:261 L:121-001
  • Lot: 121-1
  • Municipality: FRANKLIN
  • Latitude: 42.0934
  • Longitude: -71.3904

    Address

  • Full Address: 8 Padden Rd
  • Address - House Number: 8
  • Address - Street Name: Padden
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Franklin
  • Carrier Code: C008
  • 4-Digit Zip Code: 3637
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $805,800

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 783,905
  • High Value: 918,833
  • Low Value: 648,976

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,500
  • Assessed Land Value: $328,700
  • Assessed Improvements Value: $354,800

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44712
  • Previous Sale Recording Date: Jun 01, 2009
  • Previous Sale Amount: $455,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73104658

Frequently Asked Questions

When was property at 8 Padden Road built and last sold?
The property at 8 Padden Road was built in 1997 and last sold on Jul 14, 2023 for $773,000.
How much is this home worth?
The estimated value of the home located at 8 Padden Road is $691,916.
What are some comparable homes to 8 Padden Road?
There are currently no comparable homes to 8 Padden Road.
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