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Framingham 01701
40 Nob Hill Drive
$229,000
● House - Off Market

40 Nob Hill Drive

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,024 Ft²
$500,153
RealtyHop Estimate
117.55%
Since Apr 1, 2012
MA-Boston
Primary Model

About This Property

**Solid ranch home offering one level living located in lovely cul-de-sac location. Offering 3 bedrooms, full bath, fully applianced kitchen, open living/dining area~perfect for entertaining. A few cosmetics/updating needed will make this home a gem. Nice yard and neighborhood.  Fantastic location~easy access to all major roads and shopping**
Unit Size
1,024 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$225
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1962

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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 #71342462)

Price History

Date / Event Date Event Price
Nov 19, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by RE/MAX Executive Realty $509,000
Listed by RE/MAX Executive Realty
Mar 29, 2012 Sold
Premium
Sold
Feb 24, 2012 Listed by RE/MAX Executive Realty $229,900
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 1,340
  • Gross Building Area: 2,044
  • Building Area: 1,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESEMENT PLAN NOB HILL SEC 03
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383904

Zoning

  • Zoning: R-3

Geography

  • Account Number: F_675160_2950134
  • Parcel: FRAM M:010 B:50 L:1153 U:000
  • Block: 50
  • Lot: 1153
  • Municipality: FRAMINGHAM
  • Latitude: 42.3434
  • Longitude: -71.4299

    Address

  • Full Address: 40 Nob Hill Dr
  • Address - House Number: 40
  • Address - Street Name: Nob Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Framingham
  • Carrier Code: C038
  • 4-Digit Zip Code: 2612
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,500

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 591,817
  • High Value: 694,706
  • Low Value: 488,927

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,900
  • Assessed Land Value: $242,200
  • Assessed Improvements Value: $284,700

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 253264
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Amount: $229,000
  • Previous Sale Document Type: O
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

2074 ft²

Average Home Age

63 years

Currently For Sale

137 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# 71342462

Frequently Asked Questions

When was property at 40 Nob Hill Drive built and last sold?
The property at 40 Nob Hill Drive was built in 1962 and last sold on Nov 19, 2021 for $530,000.
How much is this home worth?
The estimated value of the home located at 40 Nob Hill Drive is $505,732.
What are some comparable homes to 40 Nob Hill Drive?
There are currently no comparable homes to 40 Nob Hill Drive.
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