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Framingham 01701
16 Summer Lane
$821,000
● House - Off Market

16 Summer Lane

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,340 Ft²
$713,805
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Beautiful hardwood floors throughout this 3 bedroom ranch invite you home.  Pull into your 2 car garage and enter through the finished basement to find a beautifully maintained home offering a bright, open kitchen with stainless steel appliances, granite countertops, and recessed lighting. Enjoy family dinners in the dining room with tasteful wainscoting, open to the living room for holiday gatherings.  The entry foyer offers ample storage space in the coat closet and welcomes you in to either the kitchen or living room with bay window.  The back deck flows beautifully from the kitchen sliders and offers more space to barbecue, eat, and enjoy.  The finished basement provides plenty of usable space and there is an RV hookup in the driveway. Freshly painted exterior this Spring!
Unit Size
2,340 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$307
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
1969

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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 #73131923)

Price History

Date / Event Date Event Price
Aug 2, 2023 Sold
Premium
Sold
Jul 13, 2023 In contract -
In contract
Jul 5, 2023 Listed by Kallenberg Realty $719,000
Listed by Kallenberg Realty
May 25, 2018 Sold
Premium
Sold
Apr 11, 2018 Listed by Kallenberg Realty $499,900
Listed by Kallenberg Realty
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,866
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 1,871
  • Gross Building Area: 4,073
  • Building Area: 1,871
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,871
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 17789T
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383700

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_679353_2938184
  • Parcel: FRAM M:070 B:98 L:3158 U:000
  • Block: 98
  • Lot: 3158
  • Municipality: FRAMINGHAM
  • Latitude: 42.3105
  • Longitude: -71.4142

    Address

  • Full Address: 16 Summer Ln
  • Address - House Number: 16
  • Address - Street Name: Summer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Framingham
  • Carrier Code: C060
  • 4-Digit Zip Code: 7908
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $829,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 780,452
  • High Value: 915,992
  • Low Value: 644,912

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $666,000
  • Assessed Land Value: $238,300
  • Assessed Improvements Value: $427,700

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1941738
  • Previous Sale Recording Date: May 25, 2018
  • Previous Sale Amount: $521,500
  • Previous Sale Document Type: O
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

Unit for rent at 143-145 Mill St, MA, 01760

$1,964 /mo

  • 1 Bed
  • 1 Bath
143-145 Mill St, MA, 01760 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73131923

Frequently Asked Questions

When was property at 16 Summer Lane built and last sold?
The property at 16 Summer Lane was built in 1969 and last sold on Jul 28, 2023 for $821,000.
How much is this home worth?
The estimated value of the home located at 16 Summer Lane is $730,894.
What are some comparable homes to 16 Summer Lane?
There are currently no comparable homes to 16 Summer Lane.
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