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Framingham 01701
197 Summer Street
$410,000
● House - Off Market

197 Summer Street

Framingham, MA 01701
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,472 Ft²
$735,996
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Spacious Garrison Colonial with 4 Bedrooms and 2.5 baths. Front to back eat-in kitchen with updated cabinetry and counter tops. Sunlit breakfast area in kitchen. Formal Dining room off  foyer. Front to back living room with fireplace. Lots of windows(replacement) for natural light.  Family room with access to deck. Upstairs has Master bedroom with bath and 2 walk-in closets. Three spacious bedrooms, two with hardwood floors.  Well maintained home and property. Living room and Dining room have hardwood floors.  Deck in rear. New garage doors and updated water heater.
Unit Size
2,472 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$176
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71945388)

Price History

Date / Event Date Event Price
Apr 21, 2016 Sold
Premium
Sold
Jan 4, 2016 Listed by Heisler & Mattson Properties $435,000
Listed by Heisler & Mattson Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1976
  • 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: 16
  • Exterior Walls Type: 18
  • 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: 1,212
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,290
  • Total Building Area: 2,472
  • Gross Building Area: 3,774
  • Building Area: 2,472
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,472
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 17789I
  • Land Acres: 0000000351
  • 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_679428_2938125
  • Parcel: FRAM M:070 B:98 L:4122 U:000
  • Block: 98
  • Lot: 4122
  • Municipality: FRAMINGHAM
  • Latitude: 42.3103
  • Longitude: -71.414

    Address

  • Full Address: 197 Summer St
  • Address - House Number: 197
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C060
  • 4-Digit Zip Code: 7962
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $754,700

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 697,975
  • High Value: 809,251
  • Low Value: 586,698

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,700
  • Assessed Land Value: $237,900
  • Assessed Improvements Value: $367,800

    Sales

  • Current Sale Recording Date: Apr 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1727801
  • Previous Sale Recording Date: Apr 05, 2011
  • 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

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# 71945388

Frequently Asked Questions

When was property at 197 Summer Street built and last sold?
The property at 197 Summer Street was built in 1972 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 197 Summer Street is $459,819.
What are some comparable homes to 197 Summer Street?
There are currently no comparable homes to 197 Summer Street.
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