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Framingham 01702
21 Wood Terrace
$300,000
● House - Off Market

21 Wood Terrace

Framingham, MA 01702
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$443,642
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Great opportunity to build equity in this 2 bedroom, 2 bath home with a farmer's porch in the heart of Framingham! Perfect for contractors or handymen! The living room has a wood-burning fireplace, two windows and french doors. The dining room has a window and a slider which overlooks the back deck. The cabinet packed kitchen with gas cooking has a walk out bay window area for eat-in dining. The two second floor bedrooms share a full bath. This home is conveniently located to major routes, shopping, medical facility, Framingham State University and the commuter rail.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$231
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1897

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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: 6 months ago (MLSPIN #72359120)

Price History

Date / Event Date Event Price
Oct 31, 2018 Sold
Premium
Sold
Jul 10, 2018 Listed by Coldwell Banker Residential Brokerage - Natick $299,900
Listed by Coldwell Banker Residential Brokerage - Natick

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 1
  • 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: 720
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,881
  • Total Building Area: 1,112
  • Gross Building Area: 2,520
  • Building Area: 1,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383502

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_675124_2932294
  • Parcel: FRAM M:101 B:52 L:1229 U:000
  • Block: 52
  • Lot: 1229
  • Municipality: FRAMINGHAM
  • Latitude: 42.2943
  • Longitude: -71.4299

    Address

  • Full Address: 21 Wood Ter
  • Address - House Number: 21
  • Address - Street Name: Wood
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Framingham
  • Carrier Code: C036
  • 4-Digit Zip Code: 5821
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $586,900

    Appraisal Valuation

  • Standard Deviation: 0.2612
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 62
  • Final Value: 497,035
  • High Value: 626,878
  • Low Value: 367,192

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,000
  • Assessed Land Value: $229,300
  • Assessed Improvements Value: $241,700

    Sales

  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 168101
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

52

Average Home Size

1926 ft²

Average Home Age

61.8 years

Currently For Sale

99 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: 6 months ago
Data Source: MLS PIN, MLS# 72359120

Frequently Asked Questions

When was property at 21 Wood Terrace built and last sold?
The property at 21 Wood Terrace was built in 1897 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 21 Wood Terrace is $312,298.
What are some comparable homes to 21 Wood Terrace?
There are currently no comparable homes to 21 Wood Terrace.
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