See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

5 Shepard Rd, Franklin, MA, 02038

4beds
2baths
1,600sqft
$663,900
$415price/sqft
$4,532/moest. monthly cost
$181,280/yrincome needed

About This Home

Discover exceptional value in Franklin with this classic split-level home, ready for its next owner to move in and make it their own. The sun-filled main level features a comfortable living room that flows seamlessly into the dining area and efficiently designed kitchen, complete with a convenient trash compactor. Three generously sized bedrooms, each with hardwood floors and ceiling fans, along with a full bath, complete the upper level. Downstairs, you'll find a spacious family room with functional Murphy bed, anchored by a cozy fireplace and offering direct access to the attached garage. A second full bath and a versatile fourth bedroom featuring built-in bunk beds provide flexible space for guests, a home office, or extended family. Step outside to enjoy the open, level backyard with a deck, perfect for entertaining, relaxing, or outdoor activities. Conveniently located near everything Franklin has to offer, this home combines comfort, functionality, and outstanding value.

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

8/10
8/10
9/10
Franklin High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1963

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Raised Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Range,Dishwasher,Disposal,Trash Compactor,Refrigerator,Washer,Dryer,Range Hood,Plumbed For Ice Maker
  • Laundry features: Electric Dryer Hookup,Washer Hookup,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Walk-Out Access,Garage Access,Sump Pump

Bathroom1

  • Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
  • Level: First
  • Area: 49

Bathroom2

  • Features: Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead
  • Level: Basement
  • Area: 45

Bedroom2

  • Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Level: First
  • Area: 130

Bedroom3

  • Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Level: First
  • Area: 100

Bedroom4

  • Features: Closet/Cabinets - Custom Built, Flooring - Laminate, Lighting - Overhead
  • Level: Basement
  • Area: 132

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Flooring - Hardwood, Open Floorplan, Lighting - Pendant
  • Level: First
  • Area: 100

Family Room

  • Features: Flooring - Laminate, Lighting - Overhead
  • Level: Basement
  • Area: 242

Features

  • Open Floorplan,Lighting - Overhead,Office,Internet Available - Unknown
  • Door features: Insulated Doors
  • Window features: Insulated Windows
  • Flooring: Tile,Concrete,Laminate,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 550
  • Finished area above ground: 1,050

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,600
  • Total interior livable area: 1,600 sqft

Kitchen

  • Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Slider, Gas Stove, Lighting - Overhead
  • Level: First
  • Area: 120

Living Room

  • Features: Flooring - Hardwood, Window(s) - Picture, Open Floorplan
  • Level: First
  • Area: 182

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Level: First
  • Area: 140

Office

  • Features: Open Floor Plan, Lighting - Overhead, Flooring - Concrete
  • Level: Basement
  • Area: 99

Property

Details

  • Parcel number: M:0219 B:0075 L:0000,96818
  • Zoning: RR1

Features

  • Patio & porch: Deck
  • Exterior features: Deck

Lot

  • Lot size: 0.34 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 3
  • Parking features: Attached,Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
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 $3,357$40,284
Home Insurance *$183$2,196
Property Taxes $638$7,656
Electricity $354$4,259
Total$4,532$54,384
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$155,382/yr
40% on housing$135,960/yr
45% on housing$120,853/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

$415This listing

vs Other Active Listings

Avg $/sqft

ZIP 02038$313
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)

No zestimate history available

Price History

DateEventPrice
2026-08-12Pending sale$645,900
2026-08-07Price change$645,900
2026-07-20Listed for sale$663,900
2025-12-21Listing removed--
2025-10-22Listed for sale$530,000
2025-06-21Listing removed$628,000
2025-05-23Price change$628,000
2025-04-23Listed for sale$648,000
2010-07-29Sold$336,900
2010-05-21Listed for sale$344,900
2003-07-11Sold$327,000
1992-04-30Sold$132,000

For Sale by Agent

AgentTara Adams
BrokerageKeller Williams Elite

Similar Homes