
23 High Ridge Circle Franklin — Photo 1 of 42
$1,450,000
Investment Analysis — 23 High Ridge Circle
Franklin, MA 02038 — Highland Estates
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02038 carries an estimated $3,390/mo in gross rent — about a 1.15% cap rate and $16,649/yr in estimated NOI at the $1,450,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
5,109
Style
Single Family
Built
1997
Open House Friday September 11th 4-6pm. Stately and Stunning, this Immaculate Custom Built Home in Prestigious Highland Estates has been updated with the finest curated finishes. Bright and Open Chef's kitchen boasts Granite and Stainless premium appliances including natural gas cooktop and Double Wall Ovens. Soaring ceilings create a sense of even more space throughout this two staircase, airy & spacious floor plan. Impressive Vaulted Ceiling Family Room with skylights and gas fireplace. Executive size Home Office hosts granite wet bar and bright natural light. Cozy Reading Den provides a great contrast to the banquet sized dining room. Primary King-Sized Bedroom Suite sits in its own private wing of the home accented by a Spa-Like Private Bath with Glass and Tile Oversized Shower, Stand Alone Soaking Bathtub, 2 walk-in closets and separate sitting/dressing room. Privacy surrounds the back deck and brick patio with hot tub overlooking the tree-lined level backyard. Spacious Finished lower level brings a Family Disneyland of Fun and Connection with Movie Nights in the Theater Seating Media Room, Fitness Studio with direct access to a full bath and Spa sink as well as an Astroturf Golfing Gallery. Town Water/Sewer, 3 Car Garage with epoxy floors, adjacent secondary entrance to mudroom that's handy to the laundry with utility sink. Walkup to 3rd floor expansion space, Natural Gas for: Cooking, Heat, Tankless Hot Water and Fireplace. Convenient neighborhood direct access to miles of nature trails and dedicated walking paths. Newer: Roof, Windows, Kitchen, Baths, HVAC and Fresh Interior and Exterior Paint. Seller will negotiate offers between $1.45M and $1.55M.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 5,109 sq ft principal dwelling). Lot size: 30,732 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Tankless Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Wine Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Wet Bar
Dining Room
Lvl FirstFlooring - Hardwood, Chair Rail, Wainscoting, Crown Molding
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Tray Ceiling(s)
Office
Lvl FirstFlooring - Hardwood
Family Room
Lvl FirstSkylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting
Master Bedroom
Lvl SecondCeiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Dressing Room, Recessed Lighting, Closet - Double
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 4
Lvl SecondFlooring - Wall to Wall Carpet, Closet - Double
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Soaking Tub
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity
Listing Agent: Brian Hickox
Listing Office: Keller Williams Elite
MLS® Number: 73574806