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Framingham 01701
16 Lyman Road
Photo of 16 Lyman Road
Sold on Feb 2, 2006

1

Map

$387,000
● House - Off Market

16 Lyman Road

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,248 Ft²
$703,130
RealtyHop Estimate
80.75%
Since Mar 1, 2006
MA-Boston
Primary Model

About This Property

Fabulous home and fantastic neighborhood!  Hardwood floors on main living level.  Newer kitchen appliances with a large sunny deck for outdoor grilling. Finished, carpeted basement with full bath.  A great space for your excercise equipment, big-screen TV, plus laundry room with W&D -- all with walkout access to a large, sunny back-yard perfect for a swimming pool, swing-set, or gardening.  Newer windows and central air for heating efficiency and year-round comfort.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$312
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1963

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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 #70303948)

Price History

Date / Event Date Event Price
Feb 2, 2006 Sold
Premium
Sold
Dec 11, 2005 Listed $389,000
Listed
Aug 28, 2003 Sold
Premium
Sold
Jul 4, 2003 Listed $359,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,728
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 1,728
  • Gross Building Area: 4,078
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGEBROOK ESTATES
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383902

Zoning

  • Zoning: R-4

Geography

  • Account Number: F_672371_2942034
  • Parcel: FRAM M:047 B:22 L:3073 U:000
  • Block: 22
  • Lot: 3073
  • Municipality: FRAMINGHAM
  • Latitude: 42.3212
  • Longitude: -71.4402

    Address

  • Full Address: 16 Lyman Rd
  • Address - House Number: 16
  • Address - Street Name: Lyman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C039
  • 4-Digit Zip Code: 3854
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $834,800

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 664,769
  • High Value: 806,567
  • Low Value: 522,970

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $670,000
  • Assessed Land Value: $242,200
  • Assessed Improvements Value: $427,800

    Sales

  • Current Sale Recording Date: Feb 02, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00021902
  • Previous Sale Recording Date: Aug 28, 2003
  • Previous Sale Amount: $356,500
  • 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70303948

Frequently Asked Questions

When was property at 16 Lyman Road built and last sold?
The property at 16 Lyman Road was built in 1963 and last sold on Jan 1, 1970 for $387,000.
How much is this home worth?
The estimated value of the home located at 16 Lyman Road is $395,646.
What are some comparable homes to 16 Lyman Road?
There are currently no comparable homes to 16 Lyman Road.
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