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Framingham 01701
40 Delmar Ave
$715,000
● House - Off Market

40 Delmar Ave

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,538 Ft²
$678,142
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Enjoy the lake views from this spacious ranch home in a desirable neighborhood.  The modern white cabinet kitchen has a gleaming marble floor, as do the bathrooms.  The living room, dining room, hallway and three bedrooms have handsome hardwood floors.  The basement is finished and offers extra living space.  The garage is attached.  The backyard is great for entertaining or relaxing, with a large patio and lush lawn.  The neighborhood has access to Lake Cochituate where you can hike, fish, boat or swim.  This home is a rare find and won't last long on the market.
Unit Size
1,538 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$442
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1952

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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 #73121778)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jun 29, 2023 In contract -
In contract
Jun 14, 2023 Price Increased $679,900
↑ $30K (4.6%)
Price Increased
Jun 8, 2023 Price Decreased $649,900
↓ $30K (4.4%)
Price Decreased
Jun 7, 2023 Listed by Remax A-Team $679,900
Listed by Remax A-Team

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 14
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,098
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 1,218
  • Gross Building Area: 3,156
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383700

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_687738_2940454
  • Parcel: FRAM M:062 B:70 L:7435 U:000
  • Block: 70
  • Lot: 7435
  • Municipality: FRAMINGHAM
  • Latitude: 42.3167
  • Longitude: -71.3833

    Address

  • Full Address: 40 Delmar Ave
  • Address - House Number: 40
  • Address - Street Name: Delmar
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Framingham
  • Carrier Code: C049
  • 4-Digit Zip Code: 4265
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $761,800

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 721,372
  • High Value: 832,373
  • Low Value: 610,370

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $611,400
  • Assessed Land Value: $335,200
  • Assessed Improvements Value: $276,200

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84159
  • Previous Sale Recording Date: Sep 18, 1979
  • Previous Sale Document Type: 34
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

2032 ft²

Average Home Age

60.9 years

Currently For Sale

134 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: 4 months ago
Data Source: MLS PIN, MLS# 73121778

Frequently Asked Questions

When was property at 40 Delmar Avenue built and last sold?
The property at 40 Delmar Avenue was built in 1952 and last sold on Jul 28, 2023 for $715,000.
How much is this home worth?
The estimated value of the home located at 40 Delmar Avenue is $684,950.
What are some comparable homes to 40 Delmar Avenue?
There are currently no comparable homes to 40 Delmar Avenue.
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