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Braintree Town 02184 East Braintree
397 Elm St
Photo of 397 Elm St
Sold on Jul 25, 2025

23

Map

Photo of 397 Elm St
Photo of 397 Elm St
$505,000
● House - Off Market

397 Elm St

Braintree, MA 02184
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$2,706
Est. Monthly
7.38%
Cap Rate

About This Property

One level ranch offers great opportunity to enter the market.   Step into the Livingroom with fireplace and large picture that provides plenty of natural light.  This flows into the eat in kitchen that has space for a table to seat 6.  Hardwood floors throughout the living room and bedrooms.  3 bedrooms each with ample closet space.  One car garage can be kept as intended for car and storage or converted to add to your living space.  Nice enclosed corner lot with mature landscaping, and a covered patio.  Bring your vision to transform this well lived in home.  A bit of updating will be well worth the effort and a quick equity builder.   On bus route 236 - to Quincy Center and Braintree Station, easy highway access and proximity to restaurants and shopping.   Take advantage of all Braintree has to offer.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$556
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1950

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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: 2 years ago (MLSPIN #73386401)

Price History

Date / Event Date Event Price
Jul 25, 2025 Sold
Premium
Sold
Jul 3, 2025 In contract -
In contract
Jun 24, 2025 Relisted $480,000
Relisted
Jun 11, 2025 In contract -
In contract
Jun 5, 2025 Listed $475,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 864
  • Gross Building Area: 1,344
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Braintree School District
  • School Tax School District: BRAINTREE SD
  • Census Tract: 419200

Zoning

  • Zoning: B

Geography

  • Parcel: BRAI M:2076 B:0 L:7H
  • Lot: 7H
  • Municipality: BRAINTREE
  • Latitude: 42.2261
  • Longitude: -70.9931

    Address

  • Full Address: 397 Elm St
  • Address - House Number: 397
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Braintree
  • Carrier Code: C018
  • 4-Digit Zip Code: 1539
  • Zip Code: 02184

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $373,100

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 445,830
  • High Value: 514,880
  • Low Value: 376,780

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $393,600
  • Assessed Land Value: $274,500
  • Assessed Improvements Value: $119,100
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 East Braintree

Stats & Trends

Median Asking:

$697,350

Sale Price/ft²

$405

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1742 ft²

Average Home Age

78.9 years

Currently For Sale

24 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: 2 years ago
Data Source: MLS PIN, MLS# 73386401

Frequently Asked Questions

When was property at 397 Elm Street built and last sold?
The property at 397 Elm Street was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 397 Elm Street is $0.
What are some comparable homes to 397 Elm Street?
There are currently no comparable homes to 397 Elm Street.
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