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Franklin Town 02038
9 Richard Lane
$416,000
● House - Off Market

9 Richard Lane

Franklin, MA 02038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,054 Ft²
$712,138
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Great amount of living area with a 1994 addition of a 24X 28 Fireplaced Family Room and a 2 car garage under.  Great useable back yard with a 21X12 deck off of Family Room and patio with firepit and outside shower.  Well cared for by owners with a 6 year old furnance and brand new Water Heater.  Finished man town in basement can be used for a playroom brand new carpet.  Perfect Commuter location close to RT 495 and Franklin Commuter Rail and very close to shopping and restaurants.  House is on a dead end street so very little traffic going by.
Unit Size
2,054 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$195
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1984

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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 #71812053)

Price History

Date / Event Date Event Price
Jun 19, 2015 Sold
Premium
Sold
Apr 6, 2015 Listed by Costello Realty $400,000
Listed by Costello Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • 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: 1,448
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,277
  • Total Building Area: 2,024
  • Gross Building Area: 3,928
  • Building Area: 2,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,024
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000787
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442104

Geography

  • Account Number: 107-025
  • Parcel: FRAN M:240 L:079
  • Lot: 79
  • Municipality: FRANKLIN
  • Latitude: 42.1096
  • Longitude: -71.4318

    Address

  • Full Address: 9 Richard Ln
  • Address - House Number: 9
  • Address - Street Name: Richard
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: C013
  • 4-Digit Zip Code: 2824
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $717,300

    Appraisal Valuation

  • Standard Deviation: 0.2022
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 729,405
  • High Value: 876,931
  • Low Value: 581,878

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $608,400
  • Assessed Land Value: $247,200
  • Assessed Improvements Value: $361,200

    Sales

  • Current Sale Recording Date: Jun 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55315
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:

$695,000

Sale Price/ft²

$331

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2088 ft²

Average Home Age

48 years

Currently For Sale

67 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71812053

Frequently Asked Questions

When was property at 9 Richard Lane built and last sold?
The property at 9 Richard Lane was built in 1984 and last sold on Jan 1, 1970 for $416,000.
How much is this home worth?
The estimated value of the home located at 9 Richard Lane is $422,423.
What are some comparable homes to 9 Richard Lane?
There are currently no comparable homes to 9 Richard Lane.
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