NOT LISTED FOR SALE

342 Summer St Franklin, MA 02038

Estimated Value: $582,238 - $624,000

4 Beds
2 Baths
1,396 Sq Ft
$430/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $447,900 $321 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,685/month

138 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Wooded Lot
  • Gerald M. Parmenter Elementary School Rated A-
  • Property is near public transit
  • Corner Lot

About This Home

As of April 2022

Excellent investment opportunity! Charming, ranch style, 2 family with separate utilities (including 2 oil tanks & 2 furnaces), located at the beginning of a cul=de=sac neighborhood. 1/2 acre lot with separate driveways and a thickly wooded, private back yard. Each side has an eat-in kitchen, nicely sized family room, 2 generous bedrooms, full bath & a slider leading to a deck off the kitchen. The full walkout basement has a common access that leads to each separate side with separate mechanical systems. Washers & Dryers are located in the basement as well. Roof & gutters were replaced in 2018 and window trim was wrapped. Both sides have long term tenants (TAW) of approximately 6 years. Conveniently located just a short distance from the center of town.

Last Agent to Sell the Property

Tammy Todaro

RE/MAX Executive Realty Listed on: 10/26/2021

RE/MAX Executive Realty

Last Buyer's Agent

Tammy Todaro

RE/MAX Executive Realty Listed on: 10/26/2021

RE/MAX Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,905

Year Built

  • Built in 1960

Lot Details

  • 0.5 Acre Lot
  • Corner Lot
  • Wooded Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,396 Sq Ft Home
  • Property has 1 Level
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Parmenter Elementary School
  • Remington Middle School
  • FHS High School

Utilities

  • Heating Available
  • Separate Meters
  • Propane Water Heater

Listing and Financial Details

  • Total Actual Rent $2,200
  • Assessor Parcel Number 89035

Community Details

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Insurance Expense $2,360
  • Water Sewer Expense $1,830
  • Operating Expense $2,386
  • Net Operating Income $26,400

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,905

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1960
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Propane Water Heater,Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full, Walk-Out Access, Unfinished
  • Living Area: 1396
  • Stories Total: 2
  • MAIN LO: BB1175
  • LIST PRICE PER Sq Ft: 307.95
  • PRICE PER Sq Ft: 320.85
  • MAIN SO: BB1175

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Heating: Unit 1(Forced Air,Oil), Unit 2(Forced Air,Oil)
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Golf, Highway Access, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1830

Lot Info

  • Parcel Number: 89035
  • Zoning: SFIII
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Wooded
  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780
  • Lot Size Units: Acres
  • LOT SIZE: 21628
  • PAGE: 642

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4905
  • Tax Book Number: 9638

Multi Family

  • Gross Income: 26400
  • Insurance Expense: 2360
  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Operating Expense: 2386
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Fhs
  • Elementary School: Parmenter
  • Middle Or Junior School: Remington

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Sold $447,900 0.0% $321 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
11/15/2021 11/15/21 Off Market $447,900 -- --
11/08/2021 11/08/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $429,900 -- $308 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $5,876 $505,700 $244,200 $261,500
2024 $5,247 $445,000 $244,200 $200,800
2023 $5,248 $417,200 $246,200 $171,000
2022 $4,651 $331,000 $203,500 $127,500
2021 $4,905 $334,800 $218,000 $116,800
2020 $4,710 $324,600 $219,800 $104,800
2019 $4,333 $295,600 $199,200 $96,400
2018 $4,070 $277,800 $204,800 $73,000
2017 $3,922 $269,000 $187,900 $81,100
2016 $3,687 $254,300 $184,800 $69,500
2015 $3,642 $245,400 $180,300 $65,100
2014 $3,130 $216,600 $151,500 $65,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72912693

MLS Property Information Network (MLS PIN)

APN: FRAN-000298-000000-000060