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Framingham 01702
3 Rachel Road
$639,900
● House - Off Market

3 Rachel Road

Framingham, MA 01702
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,576 Ft²
$956,057
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

NEW CONSTRUCTION currently with March 2018 DELIVERY.  Rachel Road (off Phelps Road), Framingham's newest 6 lot cul-de-sac subdivision is now underway.  Open layout on the first floor.  Lots of hardwood included on the first floor with center island kitchen. Laundry room on the 2nd floor, tile walk in shower with frameless glass door in the master along with generous sized other bedrooms.  All in a convenient location.  Rachel is a new Road. Set GPS to 5 Phelps Road, Framingham and it will bring you to the entrance to the cul-de-sac.
Unit Size
2,576 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017

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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 #72284335)

Price History

Date / Event Date Event Price
Apr 18, 2018 Sold
Premium
Sold
Feb 21, 2018 Listed by The Nexum Group $639,900
Listed by The Nexum Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 1,228
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,807
  • Total Building Area: 2,772
  • Gross Building Area: 5,808
  • Building Area: 2,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383501

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_680951_2932774
  • Parcel: FRAM M:102 B:02 L:9757 U:000
  • Block: 2
  • Lot: 9757
  • Municipality: FRAMINGHAM
  • Latitude: 42.2956
  • Longitude: -71.4079

    Address

  • Full Address: 3 Rachel Rd
  • Address - House Number: 3
  • Address - Street Name: Rachel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C067
  • 4-Digit Zip Code: 8069
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,089,400

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 985,489
  • High Value: 1,159,320
  • Low Value: 811,659

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $874,300
  • Assessed Land Value: $198,600
  • Assessed Improvements Value: $675,700

    Sales

  • Current Sale Recording Date: Apr 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52258
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# 72284335

Frequently Asked Questions

When was property at 3 Rachel Road built and last sold?
The property at 3 Rachel Road was built in 2017 and last sold on Jan 1, 1970 for $639,900.
How much is this home worth?
The estimated value of the home located at 3 Rachel Road is $659,590.
What are some comparable homes to 3 Rachel Road?
There are currently no comparable homes to 3 Rachel Road.
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