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Framingham 01701
240 Central St
Photo of 240 Central St
Sold on Jun 16, 2025

32

Map

Photo of 240 Central St
Photo of 240 Central St
$509,000
● House - Off Market

240 Central St

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$3,042
Est. Monthly
6.93%
Cap Rate

About This Property

Step into this charming ranch with timeless appeal.  This lovingly maintained mid-century ranch, was cherished by the same owners since it was built in 1957. Once the original model home of the neighborhood, this 3-bedroom 1-bath  gem is full of personality and pride of ownership. Set on a corner lot with an attached garage, the home features a classic single-level layout and many original retro design details that bring warmth and vintage charm throughout. The spacious, fenced-in backyard offers privacy and room to relax, garden, or entertain. Located in a quiet and desirable Framingham neighborhood, this rare offering is ready for its next chapter-don't miss your chance to make it your own!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$525
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1956

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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: 2 years ago (MLSPIN #73369408)

Price History

Date / Event Date Event Price
Jun 16, 2025 Sold
Premium
Sold
May 18, 2025 In contract -
In contract
May 7, 2025 Listed $529,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,008
  • Gross Building Area: 1,576
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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_680506_2941975
  • Parcel: FRAM M:059 B:01 L:5907 U:000
  • Block: 1
  • Lot: 5907
  • Municipality: FRAMINGHAM
  • Latitude: 42.3209
  • Longitude: -71.41

    Address

  • Full Address: 240 Central St
  • Address - House Number: 240
  • Address - Street Name: Central
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C071
  • 4-Digit Zip Code: 4166
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 494,524
  • High Value: 575,884
  • Low Value: 413,163

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $411,100
  • Assessed Land Value: $233,900
  • Assessed Improvements Value: $177,200
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

$365

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2058 ft²

Average Home Age

59.3 years

Currently For Sale

125 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73369408

Frequently Asked Questions

When was property at 240 Central Street built and last sold?
The property at 240 Central Street was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 240 Central Street is $0.
What are some comparable homes to 240 Central Street?
There are currently no comparable homes to 240 Central Street.
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