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Framingham 01701
24 Cherry Road
$360,000
● House - Off Market

24 Cherry Road

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,702 Ft²
$655,474
RealtyHop Estimate
87.33%
Since Aug 1, 2004
MA-Boston
Primary Model

About This Property

Three bedroom, 1 1/2 baths split in a great location. Hardwood floors under carpet on first floor. Replaced windows in bedrooms and Kitchen, fireplaced livingroom with hardwood under carpet.
Unit Size
1,702 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$206
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1957

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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 #70032545)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by Coldwell Banker Residential Brokerage - Natick $499,000
Listed by Coldwell Banker Residential Brokerage - Natick
Jul 9, 2004 Sold
Premium
Sold
May 11, 2004 Listed by Coldwell Banker Residential Brokerage - Natick $349,900
Listed by Coldwell Banker Residential Brokerage - Natick

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,104
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 1,150
  • Gross Building Area: 2,254
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRAMINGHAM
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383600

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_681405_2936891
  • Parcel: FRAM M:082 B:16 L:4809 U:000
  • Block: 16
  • Lot: 4809
  • Municipality: FRAMINGHAM
  • Latitude: 42.307
  • Longitude: -71.4069

    Address

  • Full Address: 24 Cherry Rd
  • Address - House Number: 24
  • Address - Street Name: Cherry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C017
  • 4-Digit Zip Code: 7823
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,900

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 627,461
  • High Value: 731,506
  • Low Value: 523,417

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,500
  • Assessed Land Value: $237,800
  • Assessed Improvements Value: $312,700

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 177077
  • Previous Sale Recording Date: Jul 09, 2004
  • Previous Sale Amount: $360,000
  • 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

2069 ft²

Average Home Age

62.9 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# 70032545

Frequently Asked Questions

When was property at 24 Cherry Road built and last sold?
The property at 24 Cherry Road was built in 1957 and last sold on Aug 6, 2021 for $550,000.
How much is this home worth?
The estimated value of the home located at 24 Cherry Road is $507,566.
What are some comparable homes to 24 Cherry Road?
There are currently no comparable homes to 24 Cherry Road.
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