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Framingham 01701
3 Barker Ln
$311,000
● House - Off Market

3 Barker Ln

Framingham, MA 01701
bedrooms
2 Beds
bathrooms
1 Bath
square feet
868 Ft²
$400,025
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

ATTENTION developers, builders or homeowners looking for an amazing opportunity to update or potentially develop your dream home on desirable dead-end street in Framingham. Great proximity to all major routes, Reardon, Danforth and Winch Park. This single family charming Cape home was built in 1953 and sits on .2 acre lot. Buyer to conduct their own due diligence with respect to building/development and permitting. No representations made. Home is to be sold in "As Is" condition. This sale is subject to the ability to obtain a License to Sell from the Probate Court.
Unit Size
868 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$322
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1953

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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 #72551098)

Price History

Date / Event Date Event Price
Dec 19, 2019 Sold
Premium
Sold
Aug 16, 2019 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $279,799
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,538
  • Total Building Area: 868
  • Gross Building Area: 2,668
  • Building Area: 868
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 868
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • 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_685473_2942090
  • Parcel: FRAM M:051 B:52 L:4078 U:000
  • Block: 52
  • Lot: 4078
  • Municipality: FRAMINGHAM
  • Latitude: 42.3212
  • Longitude: -71.3916

    Address

  • Full Address: 3 Barker Ln
  • Address - House Number: 3
  • Address - Street Name: Barker
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Framingham
  • Carrier Code: C025
  • 4-Digit Zip Code: 7709
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $506,700

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 480,777
  • High Value: 571,946
  • Low Value: 389,608

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $406,700
  • Assessed Land Value: $231,700
  • Assessed Improvements Value: $175,000

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Dec 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 202189
  • Previous Sale Recording Date: Mar 10, 1983
  • Previous Sale Document Type: 34
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

$363

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2076 ft²

Average Home Age

62.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72551098

Frequently Asked Questions

When was property at 3 Barker Lane built and last sold?
The property at 3 Barker Lane was built in 1953 and last sold on Dec 19, 2019 for $311,000.
How much is this home worth?
The estimated value of the home located at 3 Barker Lane is $288,187.
What are some comparable homes to 3 Barker Lane?
There are currently no comparable homes to 3 Barker Lane.
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