Seller's Agent in 2023
Caroline Molla
Costello Realty
(508) 954-9114
6 in this area
44 Total Sales
224 Summer St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated Value: $624,000 - $683,000
5
Beds
2
Baths
1,741
Sq Ft
$371/Sq Ft
Est. Value
Highlights
- Medical Services
- Deck
- Wood Flooring
- Gerald M. Parmenter Elementary School Rated A-
- Wooded Lot
- Jogging Path
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
- 16,954 Sq Ft 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 golf course and 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
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2023
Closed on
Oct 3, 2023
Sold by
Bought by
Seller's Agent
Caroline Molla
Costello Realty
Buyer's Agent
Katie Donigan
Costello Realty
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%
Views
162
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,400
Avg. Annual Appreciation
2.62%
Original Mortgage
$300,000
Outstanding Balance
$291,450
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$353,950
Purchase Details
Closed on
Oct 31, 1996
Sold by
Bought by
Purchase Details
Closed on
Jun 3, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $600,000 | None Available | ||
| $141,000 | -- | ||
| $132,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $300,000 | ||
| Previous Owner | $126,208 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
Caroline Molla
-
Christine Molla
Seller Co-Listing Agent in 2023
Christine Molla
Costello Realty
(508) 768-7880
11 in this area
77 Total Sales
-
Katie Donigan
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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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