Seller's Agent in 2023
Caroline Molla
Costello Realty
(508) 954-9114
6 in this area
34 Total Sales
224 Summer St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated Value: $624,000 - $675,913
5
Beds
2
Baths
1,741
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Medical Services
- Wooded Lot
- Gerald M. Parmenter Elementary School Rated A-
- Deck
- Wood Flooring
About This Home
As of October 2023OFFER DEADLINE 8/21 -MONDAY 5PM - Rare Find 2 Family in Franklin! Each unit features a private driveway, separate backyard, private basement with own washer and dryer hookups. The Left Unit is a ranch style with living room, eat-in kitchen, bedroom and bathroom on the main level , and a second bedroom and a bonus room in the walk out basement. The Left Unit also has a deck off the kitchen. The portable garage on the left side is included in the sale of the property. The Right Unit is a colonial style with kitchen, dining room, living room, and one bathroom on the first floor and three bedrooms on the second floor. The Right Unit features an enclosed porch on the front and deck off the back. This two-family home has easy access to the town center and the commuter rail - Great opportunity for an owner occupied or an investor. Right side is currently rented until end of Oct (with below market value rent) Left side is vacant. Town Water, Sewer and Gas at property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,030
Year Built
- Built in 1900
Lot Details
- 0.39 Acre Lot
- Fenced
- Wooded Lot
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,741 Sq Ft Home
- Property has 2 Levels
- Finished Basement
- Basement Fills Entire Space Under The House
- Dishwasher
- Washer
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Enclosed Patio or Porch
Location
- Property is near schools
Schools
- Franklin High School
Utilities
- No Cooling
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $4,000
- Assessor Parcel Number M:297 L:006,89588
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
Building Details
- Insurance Expense $2,000
- Water Sewer Expense $1,200
- Operating Expense $4,800
- Net Operating Income $21,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 31, 1996
Sold by
Mckenna Edward and Mckenna Cheryl
Bought by
Ponte Marie and Ponte Joseph
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
8.07%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 3, 1994
Sold by
Fazio Virginia S
Bought by
Mckenna Edward and Mckenna Cheryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,400
Interest Rate
8.49%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ponte Marie | $141,000 | -- | |
| Mckenna Edward | $132,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | French Corey J | $300,000 | |
| Closed | Ponte Joseph | $126,208 | |
| Closed | Vars Virginia S | $131,100 | |
| Closed | Vars Virginia S | $126,900 | |
| Previous Owner | Vars Virginia S | $125,400 | |
| Previous Owner | Vars Virginia S | $4,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $600,000 | +4.3% | $345 / Sq Ft |
| 08/21/2023 08/21/23 | Pending | -- | -- | -- |
| 08/14/2023 08/14/23 | For Sale | $575,000 | -- | $330 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,014 | $603,600 | $243,000 | $360,600 |
| 2024 | $6,110 | $518,200 | $243,000 | $275,200 |
| 2023 | $6,030 | $479,300 | $245,000 | $234,300 |
| 2022 | $5,298 | $377,100 | $202,500 | $174,600 |
| 2021 | $5,511 | $376,200 | $216,900 | $159,300 |
| 2020 | $5,245 | $361,500 | $218,800 | $142,700 |
| 2019 | $4,830 | $329,500 | $198,200 | $131,300 |
| 2018 | $4,435 | $302,700 | $203,800 | $98,900 |
| 2017 | $4,329 | $296,900 | $187,000 | $109,900 |
| 2016 | $4,005 | $276,200 | $183,900 | $92,300 |
| 2015 | $3,944 | $265,800 | $179,400 | $86,400 |
| 2014 | $3,426 | $237,100 | $150,700 | $86,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Christine Molla
Costello Realty
(508) 768-7880
18 in this area
87 Total Sales
-
Buyer's Agent in 2023
Katie Donigan
Costello Realty
(508) 525-5289
1 in this area
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73148121
APN: FRAN-000297-000000-000006
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