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5 Magnolia Dr # 5, Franklin MA 02038

Franklin, MA 02038
$600,000
$549,900
Est. $3,949/month
2
Beds
2.5
Baths
1,923
Sq Ft
$286
Price/Sq Ft
1987
Year Built
1
Garage Space
40
Days on Market
Active Price Drop -$50,100 Listed May 26, 2026 • MLS# 73523696 Copied! • Updated Jul 3, 2026

About this home

Exceptional value!! An opportunity to build equity in Franklin! This well-managed community features beautifully landscaped grounds, an in ground pool, and an unbeatable location close to restaurants, shopping, commuter rail, Dean College, major highways with everyday conveniences. This spacious floor plan offers a dining room, 2 large bedrooms, a loft area, 2.5-bath, soaring ceilings, newly refinished hardwood floors, and a light filled sunken living room with gas fireplace, wet bar, and sliders to a private composite deck. The cabinet packed eat-in kitchen features new appliances, skylights and direct access to the garage. Upstairs, both bedrooms offer private full baths, including a main suite with cathedral ceiling and walk-in closet. Flexible living space includes a first-floor den and a basement for tons of storage w/ bulkhead access. Franklin is a destination town rich in history and centrally located between Boston, Providence, and Worcester...making this a commuter’s dream!

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Recently Sold Nearby

Property History

Market Insights

3
Price Changes
8.4%
Price Range

Property Timeline

Price Reduced
Jun 29, 2026
$549,900 $10,000 (-1.79%)
From $559,900 to $549,900 (-1.8%)
Price Reduced
Jun 16, 2026
$559,900 $20,000 (-3.45%)
From $579,900 to $559,900 (-3.5%)
Price Reduced
Jun 2, 2026
$579,900 $20,100 (-3.35%)
From $600,000 to $579,900 (-3.4%)
🏠
Listed for Sale
May 26, 2026
$600,000
Original listing
Agent: Marcie Rappa Office: Better Living Real Estate, LLC

Tax History

Year Taxes Assessment
2025 $5,454 $469,400

Financial Details

Annual Property Tax
$5,454
Tax Year 2025
HOA Fee
$514
Per month
Assessed Value
$469,400

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1987
Living Area 1,923 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 7

Interior

Heating Baseboard, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Hardwood, Flooring - Wall To Wall Carpet
Appliances Disposal, Trash Compactor, Microwave, Energy Star Qualified Refrigerator, Energy Star Qualified Dishwasher, Range
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry In Basement, In Unit, Electric Dryer Hookup, Washer Hookup
Features Balcony - Interior, Recessed Lighting, Loft, Den, Central Vacuum, Internet Available - Broadband

Exterior

Construction None
Architecture None
Roof Shingle
Features Porch, Deck - Composite, Rain Gutters, Professional Landscaping
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Porch, Deck - Composite
Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Storage, Off Street, Guest, Driveway, Paved
Total Spaces 3
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup
Annual Tax $5,454
Assessed Value $469,400

HOA & Community

HOA Fee $514
Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities Pool
Optional Fee Includes None
Owner-Occupied Units 50
Down Payment Resource Eligible
Pets Yes w/ Restrictions
Seller Disclosures Seller & Broker Make No Representations Or Warranties & The Information Herein Is Subject To Revision. Buyer Is Advised To Perform Due Diligence, Conduct A Home Inspection, Verify Property Conditions & Contract Terms Prior To Signing The Purchase And Sale Contract. Ai Furnished Photos Are For Vision.
Possession None
Accepted Financing Contract
Structure Type ["Townhouse"]
Unit/Building 5
Sq Ft Source Public Record
Sq Ft Disclosures The furnished photos are virtually staged to provide some vision of design and space planning.
Documents Master Deed, Rules & Regs, Management Association Bylaws, Association Financial Statements, Certificate Of Insurance (5)
County Norfolk
Total market time (incl. prior listings) 38 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,923 sq ft
Total Rooms
7
Stories
2
Entry Level
1

Room Details

Second Floor

Bathroom1
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom2
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bedroom2
Bathroom - Full, Flooring - Wall to Wall Carpet, Balcony - Interior, Attic Access, Closet - Double
Master Bedroom
Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Closet - Linen, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Lighting - Overhead

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Office
Family Room
Master Bathroom
Yes

Main,First Floor

Dining Room
Flooring - Hardwood, Lighting - Pendant, Tray Ceiling(s)
Kitchen
Skylight, Vaulted Ceiling(s), Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Kitchen Island, Recessed Lighting, Gas Stove, Lighting - Overhead
Living Room
Skylight, Cathedral Ceiling(s), Beamed Ceilings, Flooring - Wall to Wall Carpet, Balcony - Interior, Wet Bar, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Sunken, Lighting - Overhead

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
Appliances: Disposal, Trash Compactor, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range
Interior Features: Balcony - Interior, Recessed Lighting, Loft, Den, Central Vacuum, Internet Available - Broadband
Windows: Skylight(s), Insulated Windows
Basement: Y
Laundry: In Basement, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1987
Structure Type: Townhouse
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Porch, Deck - Composite, Rain Gutters, Professional Landscaping
Patio & Porch: Porch, Deck - Composite
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Attached, Garage Door Opener, Storage, Off Street, Guest, Driveway, Paved

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University

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 $455
Homeowners Insurance $200
HOA Fee $514/mo
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.

Location

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Neighborhood

5 Magnolia Dr # 5, Franklin MA 02038

Franklin, MA 02038

Listing Information

Listing Agent Marcie Rappa
Listing Office Better Living Real Estate, LLC
Office Phone 781-821-0105
Agent MLS ID BB982662
Office MLS ID AC1854
Listing Data Updated Jul 3, 2026 3:05 AM EDT
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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Steven Novak
Steven Novak
BMN Boston Real Estate
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