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Framingham 01702
1 Elder Street
$370,000
● House - Off Market

1 Elder Street

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,407 Ft²
$478,230
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home to this charming three bedroom home and one bath colonial. First floor has a large size kitchen with tons of counter space, family room, dining room with built in cabinet leading into your  sitting room. Plan your day sitting and enjoying your morning coffee from this glassed in sun porch overlooking your generous sized fenced in yard. Second floor boast three bedrooms with hardwood floors and full bath. Updates include fresh paint, 1.5 yr hot water heater, new electric baseboard heat in all three bedrooms. Detached garage you will appreciate next winter. Great location and easy access to Rt 9, Mass Pike, commuter rail, Framingham Library, Elementary, Middle School, and local mall shops.
Unit Size
1,407 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$249
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72646928)

Price History

Date / Event Date Event Price
Jun 5, 2020 Sold
Premium
Sold
Apr 23, 2020 Listed by Coldwell Banker Residential Brokerage - Framingham $349,900
Listed by Coldwell Banker Residential Brokerage - Framingham

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Total Building Area: 1,407
  • Gross Building Area: 2,273
  • Building Area: 1,407
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,407
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383402

Zoning

  • Zoning: G

Geography

  • Account Number: F_680939_2930003
  • Parcel: FRAM M:112 B:00 L:9030 U:000
  • Lot: 9030
  • Municipality: FRAMINGHAM
  • Latitude: 42.2881
  • Longitude: -71.4085

    Address

  • Full Address: 1 Elder St
  • Address - House Number: 1
  • Address - Street Name: Elder
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C007
  • 4-Digit Zip Code: 6401
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $535,500

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 545,116
  • High Value: 646,985
  • Low Value: 443,246

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $429,800
  • Assessed Land Value: $194,200
  • Assessed Improvements Value: $235,600

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: Jun 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1843454
  • Previous Sale Recording Date: Jun 05, 2020
  • Previous Sale Contract Date: May 05, 2020
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Framingham

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$364

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2074 ft²

Average Home Age

63 years

Currently For Sale

137 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 143-145 Mill St, MA, 01760

$1,964 /mo

  • 1 Bed
  • 1 Bath
143-145 Mill St, MA, 01760 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72646928

Frequently Asked Questions

When was property at 1 Elder Street built and last sold?
The property at 1 Elder Street was built in 1927 and last sold on May 13, 2020 for $370,000.
How much is this home worth?
The estimated value of the home located at 1 Elder Street is $364,079.
What are some comparable homes to 1 Elder Street?
There are currently no comparable homes to 1 Elder Street.
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