38 Gleason St
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%.
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Listed by William Raveis R.E. & Home Services | $749,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Welcome to this extensively renovated 10 room colonial, with 4 bedrooms & 3 full bathrooms located on a quiet cul de sac in North Framingham. The first floor offers an open floor plan with a cathedral ceiling family room that opens out to a large freshly painted deck. Windows & the sliding glass door in the family room were replaced in '19. The kitchen was completely remodeled in '20 and has quartz countertops, a center island, and SS appliances. The first and second floor bathrooms were remodeled in '20. The lower level was completed in '19 and has an office, a large playroom, and a full bath with a walk-in shower. Hardwood floors throughout the first two floors were redone in '20. The backyard had trees removed and was fenced in '22 and offers a fire pit area and new shed in '23. Other updates and improvements include new recessed lighting and electrical panel in '20, driveway and walkways paved in '22, new hot water heater & washer & dryer in '24. Close to shopping and major routes.
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| Aug 15, 2014 | Sold | ||
| Sold | |||
| May 7, 2014 | Listed by Exit First Choice Professional Realty | $345,000 | |
| Listed by Exit First Choice Professional Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017