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Framingham 01702
127 Edgewater Drive
$492,000
● House - Off Market

127 Edgewater Drive

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,224 Ft²
$516,657
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

WATERFRONT PROPERTY!!!   Full walk-out basement ranch with beautiful views of the Stearns Reservoir from the Livingroom, Bedrooms, Den and Deck.  Fully updated electrical service (200 Amps.), 2022 High efficiency gas furnace and central air system. Harvey replacement windows and slider. Hardwood flooring in the fireplaced livingroom, diningroom and bedrooms. Sliding door leads to the deck overlooking the Reservoir.  One car garage. Perfect location close to shops, schools, commuter rail, and all major routes. A peaceful and relaxing place to call home!!!
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$425
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1950

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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 #73128474)

Price History

Date / Event Date Event Price
Sep 14, 2023 Sold
Premium
Sold
Jun 30, 2023 In contract -
In contract
Jun 22, 2023 Listed by Coldwell Banker Realty - Framingham $519,900
Listed by Coldwell Banker Realty - Framingham

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 982
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,763
  • Total Building Area: 1,224
  • Gross Building Area: 2,550
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383300

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_670710_2929942
  • Parcel: FRAM M:118 B:09 L:7914 U:000
  • Block: 9
  • Lot: 7914
  • Municipality: FRAMINGHAM
  • Latitude: 42.288
  • Longitude: -71.4462

    Address

  • Full Address: 127 Edgewater Dr
  • Address - House Number: 127
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Framingham
  • Carrier Code: C059
  • 4-Digit Zip Code: 5600
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $678,900

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 563,498
  • High Value: 668,803
  • Low Value: 458,193

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $544,900
  • Assessed Land Value: $293,600
  • Assessed Improvements Value: $251,300

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Sep 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1944063
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

2069 ft²

Average Home Age

62.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73128474

Frequently Asked Questions

When was property at 127 Edgewater Drive built and last sold?
The property at 127 Edgewater Drive was built in 1950 and last sold on Sep 14, 2023 for $492,000.
How much is this home worth?
The estimated value of the home located at 127 Edgewater Drive is $519,748.
What are some comparable homes to 127 Edgewater Drive?
There are currently no comparable homes to 127 Edgewater Drive.
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