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Framingham 01702
1 Granite St
$357,900
● House - Off Market

1 Granite St

Framingham, MA 01702
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,008 Ft²
$469,450
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

This stately Colonial can be a single family home ( Seller will add stove & shower prior to closing  - to be negotiated) or 2 family with a Special Permit.  Large spacious sunny rooms, new LED lighting throughout on large lot. updated wiring, updated windows and to be delivered  vacant- all make 1 Granite St., a nice  choice for a  home combination live-in / home occupation or home.  Walk to St. Bridget's Parish, Rt. 9 retailers and Framingham State University.  About 1/2 mile to  Metrowest Medical Center, Downtown Framingham and Boston/Worcester Commuter Train Station.  Assessed as commercial now.  See attached listing package for floor plans and more info. Residential tax rate is about 1/2 of commercial rate.
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$184
Property Type
House
Property Taxes
$1,026
HOA Dues
-
Year Built
1900

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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: 5 years ago (MLSPIN #72754974)

Price History

Date / Event Date Event Price
Dec 10, 2020 Sold
Premium
Sold
Nov 9, 2020 Listed by Compass $369,900
Listed by Compass
Jun 3, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 7
  • Basement Area: 627
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,952
  • Total Building Area: 1,970
  • Gross Building Area: 3,749
  • Building Area: 1,970
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,970
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000481
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383502

Zoning

  • Zoning: B

Geography

  • Account Number: F_674398_2933989
  • Parcel: FRAM M:100 B:43 L:3998 U:000
  • Block: 43
  • Lot: 3998
  • Municipality: FRAMINGHAM
  • Latitude: 42.299
  • Longitude: -71.4329

    Address

  • Full Address: 1 Granite St
  • Address - House Number: 1
  • Address - Street Name: Granite
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C080
  • 4-Digit Zip Code: 2905
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $585,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 629,654
  • High Value: 747,323
  • Low Value: 511,986

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $470,000
  • Assessed Land Value: $187,900
  • Assessed Improvements Value: $282,100

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 234631
  • Previous Sale Recording Date: Jun 03, 1992
  • Previous Sale Amount: $167,500
  • Previous Sale Document Type: 27
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

2048 ft²

Average Home Age

61 years

Currently For Sale

138 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72754974

Frequently Asked Questions

When was property at 1 Granite Street built and last sold?
The property at 1 Granite Street was built in 1900 and last sold on Dec 7, 2020 for $357,900.
How much is this home worth?
The estimated value of the home located at 1 Granite Street is $390,048.
What are some comparable homes to 1 Granite Street?
There are currently no comparable homes to 1 Granite Street.
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