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Framingham 01702
103 Mellen St
$600,000
● House - Off Market

103 Mellen St

Framingham, MA 01702
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,195 Ft²
$525,478
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

So much potential in this bright & spacious 7 rm, 1.5 bth Bungalow. The inviting floor plan includes an enclosed porch, a family room, large living room perfect for entertaining family & friends. Beautiful wood trim and high ceilings throughout 1st level!  Eat in kitchen for those big family dinners!  Huge, walk-out basement includes a wood bar with a wood/coal stove that has great potential to finish for additional living space!  With this prime location, you will be within walking distance of the Framingham commuter rail station, shops, restaurants, and everything else this vibrant community has to offer. Lovingly owned by one family for multiple generations.  If you're looking for a delightful home, don't miss out on this opportunity, it's a grand slam!! *** Sunday 4/30 12-2***
Unit Size
2,195 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$238
Property Type
House
Property Taxes
$478
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: 5 months ago (MLSPIN #73101670)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
May 2, 2023 In contract -
In contract
Apr 27, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $523,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 1,116
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,140
  • Total Building Area: 2,195
  • Gross Building Area: 3,625
  • Building Area: 2,195
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,195
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383200

Zoning

  • Zoning: G

Geography

  • Account Number: F_676549_2923700
  • Parcel: FRAM M:140 B:63 L:5649 U:000
  • Block: 63
  • Lot: 5649
  • Municipality: FRAMINGHAM
  • Latitude: 42.2708
  • Longitude: -71.4247

    Address

  • Full Address: 103 Mellen St
  • Address - House Number: 103
  • Address - Street Name: Mellen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C073
  • 4-Digit Zip Code: 8524
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $627,000

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 635,560
  • High Value: 750,335
  • Low Value: 520,785

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $503,200
  • Assessed Land Value: $177,700
  • Assessed Improvements Value: $325,500

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55341
  • Previous Sale Recording Date: Jun 27, 1978
  • Previous Sale Document Type: 34
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:

$677,397

Sale Price/ft²

$364

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2047 ft²

Average Home Age

60.5 years

Currently For Sale

126 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73101670

Frequently Asked Questions

When was property at 103 Mellen Street built and last sold?
The property at 103 Mellen Street was built in 1927 and last sold on May 26, 2023 for $600,000.
How much is this home worth?
The estimated value of the home located at 103 Mellen Street is $546,728.
What are some comparable homes to 103 Mellen Street?
There are currently no comparable homes to 103 Mellen Street.
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