2 months on rocket

42 Franklin St, Medford, MA, 02155

$1,049,900

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths, 1 Partial
3,325 SqFt
$316/SqFt
Multi

Location

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42 Franklin St, Medford$1,049,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street, On Street, Paved
Year Built1900
BasementYes
MLS #73284859
Lot Size0.20 Acres
StatusActive

About 42 Franklin St

Discover this exceptional and hard-to-find two-family home, this property offers immense potential for owner-occupants, investors, and developers alike. With side-by-side units and driveways on both sides, it provides a unique and valuable investment opportunity. Ideally situated with easy access to highways making commuting a breeze and not to mention this property is close to schools, parks, shopping, public transportation, and more. A private backyard and parking that accommodates multiple vehicles also add to the appeal. This home presents a rare opportunity to invest in a property with significant potential. Whether you’re looking to live in one unit and rent out the other or explore future development possibilities, this location provides the perfect blend of convenience and charm. Don’t miss out!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,325 SqFt

Listing Office:

  • Office Name: RE/MAX Andrew Realty Services
  • Office Phone: (781) 395-7676
  • Listing Agent: Jake Malone

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Rain Gutters

Parking Information:

  • Parking: Paved Drive, Off Street, On Street, Paved

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Other

Directions Information:

  • Directions: Salem Street To Park Street To Franklin Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,049,900
  • Price Per SqFt: $316/SqFt

Tax Information:

  • Annual Amount: $7,703
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Medford, MA.

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Medford, MA

City

Med. Sold Price

$850K

Med. Price/SqFt

$502

Avg. Days On Market

26

# of Sold Homes

44

42 Franklin St vs Medford

73 DAYS ON ROCKET

+47 Days

$1,049,900

+$199.9K More

$316/SqFt

-$187 Less

KEY TAKEAWAY

This property is $199.9K more than the Median Sold Price and $187/SqFt less than other homes in Medford, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73284859

Listing Office:

  • Office Name: RE/MAX Andrew Realty Services
  • Office Phone: (781) 395-7676
  • Listing Agent: Jake Malone

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 2002Home Sold
$410,000
Oct 09, 1987Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,703$818,600
2020$7,738$842,900
2019$7,681$800,100
2018$6,834$667,400
2017$6,408$606,800

History based on county public records data.

Payment Calculator

$5,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,214

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-448454
5
/10

  • Roberts Elementary School

  • 35 Court St

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-448455
4
/10

  • McGlynn Elementary School

  • 3002 Mystic Valley Pkwy

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-448456
4
/10

  • Columbus Elementary School

  • 37 Hicks Ave

  • 1.18 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,000. Most Medford, MA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Medford›02155›42 Franklin St

This home is located at 42 Franklin St in Medford, MA and zip code 02155. This 3,325 square foot home, which was built in 1900, sits on a 0.20 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $1,049,900.

In October 2024 more than 21 listings in Medford, MA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 17 were sold below. The number of listings in Medford, MA decreased by 3.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $850,000, while the average time on the real estate market was 26 days.

From Rocket Homes Real Estate and based on county public records data.

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