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Framingham 01701
2 Spring Lane
$300,000
● House - Off Market

2 Spring Lane

Framingham, MA 01701
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,985 Ft²
$771,295
RealtyHop Estimate
149.61%
Since Aug 1, 2001
MA-Boston
Primary Model

About This Property

WELCOME TO THIS WONDERFUL MULTILEVEL FEATURING OPEN TILED EAT-IN  KITCHEN W/STEP DOWN TO LARGE FAMILY ROOM W/CATHEDRAL CEILING & PLENTY OF WINDOWS.HARDWOOD FLOORS.GREAT YARD. INLAW POTENTIAL.
Unit Size
1,985 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$156
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1959

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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 years ago (MLSPIN #30497396)

Price History

Date / Event Date Event Price
Apr 15, 2021 Sold
Premium
Sold
Feb 24, 2021 Listed $589,000
Listed
Jul 16, 2001 Sold
Premium
Sold
Apr 24, 2001 Listed $309,000
Listed

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,882
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 1,882
  • Gross Building Area: 4,412
  • Building Area: 1,882
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,882
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383903

Zoning

  • Zoning: R-3

Geography

  • Account Number: F_676042_2943844
  • Parcel: FRAM M:048 B:63 L:0844 U:000
  • Block: 63
  • Lot: 844
  • Municipality: FRAMINGHAM
  • Latitude: 42.3254
  • Longitude: -71.4275

    Address

  • Full Address: 2 Spring Ln
  • Address - House Number: 2
  • Address - Street Name: Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Framingham
  • Carrier Code: C029
  • 4-Digit Zip Code: 3912
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $928,500

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 807,740
  • High Value: 948,019
  • Low Value: 667,461

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,200
  • Assessed Land Value: $242,200
  • Assessed Improvements Value: $503,000

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85306
  • Previous Sale Recording Date: Jul 16, 2001
  • Previous Sale Amount: $300,000
  • 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30497396

Frequently Asked Questions

When was property at 2 Spring Lane built and last sold?
The property at 2 Spring Lane was built in 1959 and last sold on Apr 15, 2021 for $669,000.
How much is this home worth?
The estimated value of the home located at 2 Spring Lane is $0.
What are some comparable homes to 2 Spring Lane?
There are currently no comparable homes to 2 Spring Lane.
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