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Framingham 01702
386 Union Ave
$424,900
● House - Off Market

386 Union Ave

Framingham, MA 01702
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,728 Ft²
$486,819
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Great house with lots of potential!  4 bedrooms, 1 bath house on Union Ave.  Hardwood floors throughout, 3 seasoned porch off the living room, 1 car garage under.  House has been rented for last 40 years to the same tenants!  Full, unfinished basement with access to outside.   Nice sized yard.  Pool hasn't been used in years and it is on the utilities of the house next door and will need to be removed.. Knob and tube wiring in the house.  Walk up attic for additional storage.  Zoned commercial. House sold as-is.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$246
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1899

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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: 5 years ago (MLSPIN #72846737)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by Berkshire Hathaway HomeServices Warren Residential $424,900
Listed by Berkshire Hathaway HomeServices Warren Residential

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 864
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,195
  • Total Building Area: 1,728
  • Gross Building Area: 3,676
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383300

Zoning

  • Zoning: P

Geography

  • Account Number: F_676424_2930424
  • Parcel: FRAM M:111 B:60 L:4422 U:000
  • Block: 60
  • Lot: 4422
  • Municipality: FRAMINGHAM
  • Latitude: 42.2892
  • Longitude: -71.4251

    Address

  • Full Address: 386 Union Ave
  • Address - House Number: 386
  • Address - Street Name: Union
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Framingham
  • Carrier Code: C011
  • 4-Digit Zip Code: 5854
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,800

    Appraisal Valuation

  • Standard Deviation: 0.2452
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 593,851
  • High Value: 739,486
  • Low Value: 448,217

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,300
  • Assessed Land Value: $234,200
  • Assessed Improvements Value: $227,100

    Sales

  • Current Sale Contract Date: Jul 18, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165832
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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72846737

Frequently Asked Questions

When was property at 386 Union Avenue built and last sold?
The property at 386 Union Avenue was built in 1899 and last sold on Jul 18, 2021 for $424,900.
How much is this home worth?
The estimated value of the home located at 386 Union Avenue is $438,074.
What are some comparable homes to 386 Union Avenue?
There are currently no comparable homes to 386 Union Avenue.
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