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Franklin Town 02038
862 King Street
$302,500
● House - Off Market

862 King Street

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,267 Ft²
$484,579
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Welcome to this wonderful Cape Cod Style Home with wrap around Farmers Porch and circular driveway. 6 RMS/3 BEDROOMS/2 BATHROOMS/Basement ready to be finished. Kitchen counters painted, Gas Stove, Breakfast Bar open to oak floor Dining Room. Oak Floor Living Room, 1st Floor Bedroom/Office and a full bathroom recently remodeled. Second Floor 2 Bedrooms w/New hardwood floors and recent remodeled Bathroom. Wonderful wrap around Farmers Porch sitting out and relaxing on a Spring/Summers Day. Level yard for all sorts of playtime and outdoor activity. 3 BEDROOM SEPTIC 2009, ROOF 2009, Town Water, Natural Gas for heating and cooking. Close to shopping, schools, commuter train to Boston, Rt 495. Don't wait call today before this one is gone!
Unit Size
1,267 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$237
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1962

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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 #72134342)

Price History

Date / Event Date Event Price
Oct 20, 2020 Sold
Premium
Sold
Aug 25, 2020 Listed by Carey Realty Group, Inc. $349,900
Listed by Carey Realty Group, Inc.
May 12, 2017 Sold
Premium
Sold
Mar 22, 2017 Listed by Carey Realty Group, Inc. $299,900
Listed by Carey Realty Group, Inc.
Nov 20, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,828
  • Total Building Area: 1,206
  • Gross Building Area: 2,754
  • Building Area: 1,206
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,206
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442201

Geography

  • Account Number: 31-027
  • Parcel: FRAN M:321 L:019
  • Lot: 19
  • Municipality: FRANKLIN
  • Latitude: 42.0589
  • Longitude: -71.4144

    Address

  • Full Address: 862 King St
  • Address - House Number: 862
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: MA
  • City Name: Franklin
  • Carrier Code: R001
  • 4-Digit Zip Code: 2524
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $509,900

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 493,960
  • High Value: 574,246
  • Low Value: 413,675

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $432,500
  • Assessed Land Value: $242,400
  • Assessed Improvements Value: $190,100

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113960
  • Previous Sale Recording Date: May 12, 2017
  • Previous Sale Amount: $302,500
  • Previous Sale Document Type: O
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

52

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# 72134342

Frequently Asked Questions

When was property at 862 King Street built and last sold?
The property at 862 King Street was built in 1962 and last sold on Oct 13, 2020 for $380,000.
How much is this home worth?
The estimated value of the home located at 862 King Street is $354,043.
What are some comparable homes to 862 King Street?
There are currently no comparable homes to 862 King Street.
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