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Framingham 01702
461 Concord Street
$419,900
● House - Off Market

461 Concord Street

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,686 Ft²
$570,687
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

CENTRALLY LOCATED IN A BUSINESS AND RESIDENTIAL AREA (MINUTES FROM COMMUTER RAIL (1 MILE), BEAUTIFUL INTERIOR NATURAL WOODWORK, GLEAMING HARDWOOD FLOORS THROUGHOUT, CERAMIC TILED KITCHEN, BATH & MUD ROOM, COSMETICALLY FIRE PLACED LIVING ROOM, WELL MAINTAINED HOME, PARTIALLY FINISHED FULL BASEMENT WITH WALK OUT, BEAUTIFUL FENCED IN BACKYARD WITH BRICK WALK, FULL ATTIC THAT CAN BE MADE TO AN ADDITIONAL BEDROOM OR PLAY ROOM,,   ZONED B (BUSINESS), NO VARIANCE OR SPECIAL PERMIT REQUIRED FOR MOST BUSINESSES.
Unit Size
1,686 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$255
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1923

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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: 6 months ago (MLSPIN #72658727)

Price History

Date / Event Date Event Price
Aug 21, 2020 Sold
Premium
Sold
May 19, 2020 Listed by The Professional Group $429,900
Listed by The Professional Group
Apr 3, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1966
  • 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: 15
  • 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: 906
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,966
  • Total Building Area: 1,686
  • Gross Building Area: 3,814
  • Building Area: 1,686
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,686
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 2765C
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383402

Zoning

  • Zoning: B

Geography

  • Account Number: F_680682_2930029
  • Parcel: FRAM M:112 B:00 L:6082 U:000
  • Lot: 6082
  • Municipality: FRAMINGHAM
  • Latitude: 42.2881
  • Longitude: -71.4094

    Address

  • Full Address: 461 Concord St
  • Address - House Number: 461
  • Address - Street Name: Concord
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C007
  • 4-Digit Zip Code: 6474
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $599,200

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 599,413
  • High Value: 711,430
  • Low Value: 487,397

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $480,900
  • Assessed Land Value: $192,600
  • Assessed Improvements Value: $288,300

    Sales

  • Current Sale Contract Date: Aug 18, 2020
  • Current Sale Recording Date: Aug 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1850751
  • Previous Sale Recording Date: Apr 03, 1998
  • Previous Sale Amount: $122,500
  • Previous Sale Document Type: 48
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

$363

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1926 ft²

Average Home Age

61.8 years

Currently For Sale

99 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

Unit for rent at 143-145 Mill St, MA, 01760

$1,964 /mo

  • 1 Bed
  • 1 Bath
143-145 Mill St, MA, 01760 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72658727

Frequently Asked Questions

When was property at 461 Concord Street built and last sold?
The property at 461 Concord Street was built in 1923 and last sold on Aug 18, 2020 for $419,900.
How much is this home worth?
The estimated value of the home located at 461 Concord Street is $442,643.
What are some comparable homes to 461 Concord Street?
There are currently no comparable homes to 461 Concord Street.
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