Active
51 Days on market
5 Shepard Rd Franklin — Photo 1 of 40

5 Shepard Rd Franklin — Photo 1 of 40

Recent Drop: $18,000

$663,900
$645,900

$645,900

5 Shepard Rd, Franklin, MA 02038

Franklin, MA 02038

Beds

4

Baths

2

SqFt

1,600

Style

Single Family

Built

1963

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$404/sqft
Local Avg (Franklin)$340/sqft
19% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Franklin, MA.

Property Details

Financials

Original Price$663,900
Annual Taxes$7,171

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Concrete, Laminate, Hardwood
BasementFull, Finished, Walk-Out Access, Garage Access, Sump Pump

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRR1

Property & Lot

Acres0.34
SqFt Lot15,002
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker

Neighborhood

Shopping • Park • Walk/Jog Trails • Conservation Area • Public School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Basement
OfficeFamily RoomBedroom 4Bathroom 2
Living Room
Lvl First

14 x 13

Flooring - Hardwood, Window(s) - Picture, Open Floorplan

Dining Room
Lvl First

10 x 10

Flooring - Hardwood, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

12 x 10

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Slider, Gas Stove, Lighting - Overhead

Office
Lvl Basement

9 x 11

Open Floor Plan, Lighting - Overhead, Flooring - Concrete

Family Room
Lvl Basement

22 x 11

Flooring - Laminate, Lighting - Overhead

Master Bedroom
Lvl First

14 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl First

10 x 13

Bedroom 3
Lvl First

10 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 4
Lvl Basement

12 x 11

Closet/Cabinets - Custom Built, Flooring - Laminate, Lighting - Overhead

Bathroom 1
Lvl First

7 x 7

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Bathroom 2
Lvl Basement

9 x 5

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Property History

Price Drop
$645,900

Was $663,900

Aug 7, 2026

MLS® 73552103

Listed
$663,900

Jul 20, 2026

MLS® 73552103

Population

33,154

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$146K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

21.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Norfolk County

1,189 housing units permitted in the last 12 months (+21% vs the prior 12 months) — 706 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

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: 800 sq ft (the lesser of 900 sq ft or half the 1,600 sq ft principal dwelling). Lot size: 15,002 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.

Full Franklin, MA market report ZIP 02038 market data
Listing Provided By

Listing Agent: Tara Adams

Listing Office: Keller Williams Elite

MLS® Number: 73552103

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