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127 King St APT 304, Franklin, MA, 02038

2beds
1baths
885sqft
$299,000
$338price/sqft
$2,240/moest. monthly cost
$89,600/yrincome needed

About This Home

This beautifully updated, sun-filled top-floor garden-style condo at Claremont Condominiums has it all. Leased to a great tenant at $2050. Lease ends Feb 2027. Investors just buy and continue the tenant or move in at lease end. The bright interior features fresh paint, updated flooring throughout, and a renovated kitchen with white cabinetry, granite countertops, and newer appliances including a microwave, dishwasher, garbage disposal, and updated faucet. Enjoy professionally maintained grounds with an inground pool, picnic area, and grilling stations—perfect for relaxing and entertaining. Conveniently located just minutes from major highways, the Franklin MBTA commuter rail station, Dean College, downtown Franklin, shopping, dining, and local amenities. Whether you're a first-time buyer, downsizer, or investor, this well-maintained condo offers exceptional value in a highly desirable location.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

8/10
ParmenterGrades K-50.3 mi
7/10
Remington Middle SchoolGrades 6-82.1 mi
9/10
Franklin High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1983

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 885

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 885
  • Total interior livable area: 885 sqft

Property

Details

  • Parcel number: FRANM297L203023
  • Zoning: Res
  • Other equipment: Intercom

Parking

  • Total spaces: 2
  • Parking features: Off Street,Deeded,Guest,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,511$18,132
Home Insurance *$82$984
Property Taxes $293$3,516
Electricity $354$4,259
Total$2,240$26,880
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$76,800/yr
40% on housing$67,200/yr
45% on housing$59,733/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$338This listing

vs Other Active Listings

Avg $/sqft

ZIP 02038$320
Norfolk County$448

vs Homes Sold Last Month

Median $/sqft

ZIP 02038$347
Norfolk County$427

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Listed for sale$299,000
2026-07-13Pending sale$299,000
2026-06-29Contingent$299,000
2026-06-10Listed for sale$299,000
2022-02-08Listing removed--
2022-02-01Listed for rent$1,800
2022-01-31Sold$220,000
2021-12-31Pending sale$215,000
2021-12-28Listed for sale$215,000
2000-10-27Sold$90,000
1992-08-12Sold$48,500

For Sale by Agent

AgentKiranKumar Gundavarapu
BrokerageKey Prime Realty LLC

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