3 Heather Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Decreased |
$583,000
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed | $598,000 | |
| Listed | |||
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Nestled in the sought-after North Framingham area, this 3-bedroom, 1.5-bath ranch-style home is situated on a corner lot. The property features 1,332 sq.ft. of living space, including a welcoming living room with a cozy fireplace, a kitchen with an adjacent dining area, and a spacious family room. A slider off the family room leads directly to the serene private outdoor space, providing a seamless indoor-outdoor flow. New mini-splits (1 year old) provide heat (along with oil heat) and air conditioning, brand new washer and dryer. This prime location provides easy access to major routes like Rt. 9, Mass Pike, Rte. 30 and 10 minutes from Rte. 495. This home is ideally located for commuters and those seeking a blend of suburban tranquility and city accessibility.
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| Oct 29, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017