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Framingham 01702
240 Salem End Road
$740,000
● House - Off Market

240 Salem End Road

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
4,200 Ft²
$1,458,321
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

A real gem in Stonegate at Salem End (historic street).  A coveted neighborhood of 12 single family homes abutting Stearns Reservoir with exceptional views of the water and striking landscaped grounds.  Spacious luxury home w  contemporary open floor plan featuring two story foyer, first floor master suite, custom details throughout, hardwoods, marble, tile. Gourmet kitchen with cherry cabinets, triple-edge Corian counters and high-end appliances. First floor office/den with palladian window plus first floor laundry room. Second floor library/office plus two spacious bedrooms. Full finished daylight lower level with exercise area and  spacious family room.  Walk out to brick patios. Waterviews from three decks and waterviews from all but two rooms.  Central air, central vacuum, exterior sprinkler system.
Unit Size
4,200 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$182
Property Type
House
Property Taxes
$921
HOA Dues
-
Year Built
1992

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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 #71613845)

Price History

Date / Event Date Event Price
Mar 3, 2014 Sold
Premium
Sold
Dec 5, 2013 Listed by Hammond Residential $765,000
Listed by Hammond Residential
Aug 18, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 6
  • Basement Area: 2,232
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,132
  • Total Building Area: 3,409
  • Gross Building Area: 7,502
  • Building Area: 3,409
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,409
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRAMINGHAM
  • Land Acres: 0000000554
  • 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_670536_2932520
  • Parcel: FRAM M:099 B:02 L:5531 U:000
  • Block: 2
  • Lot: 5531
  • Municipality: FRAMINGHAM
  • Latitude: 42.2948
  • Longitude: -71.4469

    Address

  • Full Address: 240 Salem End Rd
  • Address - House Number: 240
  • Address - Street Name: Salem End
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C032
  • 4-Digit Zip Code: 5565
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,305,400

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,190,716
  • High Value: 1,402,619
  • Low Value: 978,813

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,047,700
  • Assessed Land Value: $338,200
  • Assessed Improvements Value: $709,500

    Sales

  • Current Sale Recording Date: Mar 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26248
  • Previous Sale Recording Date: Aug 18, 1994
  • Previous Sale Amount: $485,000
  • 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

54

Average Home Size

2075 ft²

Average Home Age

63.2 years

Currently For Sale

136 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 months ago
Data Source: MLS PIN, MLS# 71613845

Frequently Asked Questions

When was property at 240 Salem End Road built and last sold?
The property at 240 Salem End Road was built in 1992 and last sold on Jan 1, 1970 for $740,000.
How much is this home worth?
The estimated value of the home located at 240 Salem End Road is $812,386.
What are some comparable homes to 240 Salem End Road?
There are currently no comparable homes to 240 Salem End Road.
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