50 Ruggles St Franklin, MA 02038
Downtown Franklin NeighborhoodEstimated Value: $625,906 - $701,000
6
Beds
3
Baths
2,086
Sq Ft
$312/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Community Pool
- Helen Keller Elementary School Rated A-
- Wood Flooring
- Jogging Path
About This Home
As of March 2022Rare investment opportunity for both “house hacking” owner occupants and investors alike! This spacious 3-family has numerous highlights including: newer renovation on unit 1, separate utilities, 5 off-street parking spots, partially finished walkout basement, newer exterior paint, and great cash flow. All units are on leases totaling $3,600 with great payment history and room to grow income! This ideal location in the heart of Franklin is just steps away from Dean College, Del Carte Conservation Area, the commuter rail, and restaurants, providing high demand with great tenant prospects.
Last Buyer's Agent
Dennis McClosky
Redfin Corp.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,488
Year Built
- Built in 1927
Lot Details
- 5,227
Home Design
- 2,086 Sq Ft Home
- Manufactured Home on a slab
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Schools
- Davis Thayer Elementary School
- Ann Sullivan Middle School
- Franklin High School
Additional Features
- 5,227 Sq Ft Lot
- Property is near public transit
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $3,600
- Assessor Parcel Number M:279 L:260,90362
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $43,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 16, 2022
Closed on
Mar 30, 2022
Sold by
Glabicky Nicholas M and Glabicky Andrew M
Bought by
Bhatta Karishma and Bhatta Bijay
Seller's Agent
Chris Mehr
Full Circle Realty LLC
Buyer's Agent
Dennis McClosky
Redfin Corp.
List Price
$549,900
Sold Price
$549,900
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
$101,827
Avg. Annual Appreciation
5.42%
Original Mortgage
$412,000
Outstanding Balance
$390,222
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$261,505
Purchase Details
Listed on
Jul 8, 2015
Closed on
Sep 23, 2015
Sold by
Premium Properties Inc
Bought by
Glabicky Nicholas M
Seller's Agent
Kevin Baker
Impact Realty, LLC
Buyer's Agent
Chris Mehr
Full Circle Realty LLC
List Price
$329,900
Sold Price
$315,000
Premium/Discount to List
-$14,900
-4.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$309,294
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
May 26, 2015
Sold by
Pisani Realty Llc
Bought by
Premium Properties Inc
Purchase Details
Closed on
Jan 29, 2002
Sold by
Samsel Preston F and Samsel Patrice M
Bought by
Pisani Anthony J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 13, 1987
Sold by
Introini Admrx N E
Bought by
Vipraio Mary R
Similar Home in Franklin, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bhatta Karishma | $549,900 | None Available | |
| Glabicky Nicholas M | $315,000 | -- | |
| Premium Properties Inc | $165,000 | -- | |
| Pisani Anthony J | $230,000 | -- | |
| Pisani Anthony J | $230,000 | -- | |
| Vipraio Mary R | $139,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bhatta Karishma | $412,000 | |
| Closed | Bhatta Karishma | $412,000 | |
| Previous Owner | Glabicky Nicholas M | $315,425 | |
| Previous Owner | Glabicky Nicholas M | $309,294 | |
| Previous Owner | Pisani Rlty Llc | $207,000 | |
| Previous Owner | Pisani Anthony J | $209,000 | |
| Previous Owner | Samsel Preston F | $152,000 | |
| Previous Owner | Vipraio Mary R | $141,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2022 03/30/22 | Sold | $549,900 | 0.0% | $264 / Sq Ft |
| 02/22/2022 02/22/22 | Pending | -- | -- | -- |
| 02/16/2022 02/16/22 | For Sale | $549,900 | +74.6% | $264 / Sq Ft |
| 09/23/2015 09/23/15 | Sold | $315,000 | -4.5% | $120 / Sq Ft |
| 08/24/2015 08/24/15 | Pending | -- | -- | -- |
| 07/08/2015 07/08/15 | For Sale | $329,900 | -- | $126 / 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 | $7,044 | $606,200 | $218,500 | $387,700 |
| 2024 | $6,163 | $522,700 | $218,500 | $304,200 |
| 2023 | $5,562 | $442,100 | $202,200 | $239,900 |
| 2022 | $5,665 | $403,200 | $182,100 | $221,100 |
| 2021 | $5,488 | $374,600 | $170,900 | $203,700 |
| 2020 | $5,271 | $363,300 | $197,200 | $166,100 |
| 2019 | $4,578 | $312,300 | $167,600 | $144,700 |
| 2018 | $4,439 | $303,000 | $174,200 | $128,800 |
| 2017 | $4,184 | $287,000 | $164,300 | $122,700 |
| 2016 | $4,396 | $303,200 | $177,400 | $125,800 |
| 2015 | $4,304 | $290,000 | $153,000 | $137,000 |
| 2014 | -- | $265,500 | $128,500 | $137,000 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Mehr
Seller's Agent in 2022
Chris Mehr
Full Circle Realty LLC
(617) 721-0947
1 in this area
242 Total Sales
-
Moira Duggan
M
Seller Co-Listing Agent in 2022
Moira Duggan
Full Circle Realty LLC
(781) 353-1553
1 in this area
9 Total Sales
-
D
Buyer's Agent in 2022
Dennis McClosky
Redfin Corp.
-
K
Seller's Agent in 2015
Kevin Baker
Impact Realty, LLC
(508) 466-5685
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72943417
APN: FRAN-000279-000000-000260
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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