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Framingham 01701
16 Jay Dr
$540,000
● House - Off Market

16 Jay Dr

Framingham, MA 01701
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,006,175
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Move in condition home.  Open floor plan.  Island kitchen and gas fireplace family room.  Great for family entertainment.  Living room and dining room have hardwood floors.  Fenced-in rear yard.  Cathedral ceiling master bedroom with ceiling fan and walk-in closet.  Master bath has Jacuzzi tub and separate shower.  Finished lower level is wonderful for game room.  Newer hot water tank.  .  Show & sell!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$220
Property Type
House
Property Taxes
$713
HOA Dues
-
Year Built
2001

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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 #71738705)

Price History

Date / Event Date Event Price
Nov 12, 2014 Sold
Premium
Sold
Sep 5, 2014 Listed by ERA Key Realty Services- Fram $549,900
Listed by ERA Key Realty Services- Fram
May 2, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 892
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,581
  • Total Building Area: 1,915
  • Gross Building Area: 3,555
  • Building Area: 1,915
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,915
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND COURT PLAN 3857-102
  • Land Acres: 0000000197
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383800

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_686091_2944196
  • Parcel: FRAM M:041 B:64 L:0199 U:000
  • Block: 64
  • Lot: 199
  • Municipality: FRAMINGHAM
  • Latitude: 42.327
  • Longitude: -71.3893

    Address

  • Full Address: 16 Jay Dr
  • Address - House Number: 16
  • Address - Street Name: Jay
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Framingham
  • Carrier Code: C041
  • 4-Digit Zip Code: 3515
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,033,400

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 918,861
  • High Value: 1,079,028
  • Low Value: 758,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $829,400
  • Assessed Land Value: $231,800
  • Assessed Improvements Value: $597,600

    Sales

  • Current Sale Recording Date: Nov 12, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1685263
  • Previous Sale Recording Date: May 02, 2001
  • Previous Sale Amount: $423,881
  • Previous Sale Document Type: 48
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

$363

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2076 ft²

Average Home Age

62.4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71738705

Frequently Asked Questions

When was property at 16 Jay Drive built and last sold?
The property at 16 Jay Drive was built in 2001 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 16 Jay Drive is $571,747.
What are some comparable homes to 16 Jay Drive?
There are currently no comparable homes to 16 Jay Drive.
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