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241 Prospect St, Franklin MA 02038

Franklin, MA 02038
$552,000
Est. $3,622/month
5
Beds
2.5
Baths
3,452
Sq Ft
$160
Price/Sq Ft
1.81
Acres
1978
Year Built
15
Days on Market
Closed Listed May 31, 2024 • MLS# 73245221 Copied!

About this home

Attention investors and handy homeowners! Welcome to this charming Gambrel Colonial nestled on a tranquil 1.8-acre lot, offering a perfect blend of classic architecture & serene living. This spacious home features five generous bedrooms and two and a half baths, providing ample space for family & guests. The spacious front to back living room, with fireplace and numerous windows, is perfect for both family time & entertaining. The eat-in kitchen and adjacent dining room are at the heart of the first floor. The expansive layout includes a versatile bonus room with a fireplace & spiral staircase, ideal for a game room, large home office, or additional living area. Enjoy the peace & privacy of this secluded lot with premium well water, a rare and valuable feature. While the home could use significant updating, it presents a fantastic opportunity to customize & create your dream home with a picturesque setting in desirable Franklin.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1978
Bedrooms
5
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,452 sq ft
Total Rooms
9

Sale Statistics

Sale Overview
Original List Price: $500,000
Final Sale Price: $552,000
Difference: +$52,000 (+10.4%)
Performance Metrics
110.4%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $145
Sale $/sq ft: $160
This property sold for $160 per square foot
Sale Summary

This property sold for 10.4% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1978
Living Area 3,452 sq ft
Lot Size 1.81 acres
Bedrooms 5
Full Baths 2
Half Baths 1
Total Rooms 9

Interior

Heating Baseboard, Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 2
Basement None
Laundry None
Features None

Exterior

Construction Frame
Architecture Colonial
Roof Shingle
Features Storage
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Under, Paved Drive, Off Street
Total Spaces 8

Utilities

Electric None
Water Private
Sewer Private Sewer
Gas None
Other None

Financial

Annual Tax $7,572
Assessed Value $642,200

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Colonial
Year Built: 1978
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Cooling: None
Hot Water:
Water Source: Private
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Storage
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Wooded
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 8
Parking Features: Attached, Under, Paved Drive, Off Street

Special Features

Fireplaces: 2
Fireplace Type:
Community Amenities: Public Transportation, Walk/Jog Trails, Conservation Area, Highway Access, Public School, T-Station

Location

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Neighborhood

241 Prospect St, Franklin MA 02038

Franklin, MA 02038

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $631
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

61.5%
Price Range
18
Total Days on Market

Property Timeline

Current Active Listing - MLS #73491604
Full transaction history available when tracking began
🏡
Currently Listed
Mar 25, 2026
$1,300,000
MLS #73491604 - Active
Sold
Jul 29, 2024
$552,000
Property sold
Days on Market: 18
🏠
Listed for Sale
May 31, 2024
$500,000
Original listing
Agent: Catherine Carrara Office: Suburban Lifestyle Real Estate

Price & Status History

Date Event Price Change
Mar 25, 2026 Sold $1,300,000
May 31, 2024 New Listing Added $500,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$160

Tax History

Year Taxes Assessment
2024 $7,572 $642,200

Financial Details

Annual Property Tax
$7,572
Tax Year 2024
Assessed Value
$642,200

Listing Information

Listing Agent Catherine Carrara
Agent MLS ID CN202990
Office MLS ID AN7063
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Franklin, MA

Real-time market trends and pricing data for this area

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