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Framingham 01702
48 Summit St
$495,000
● House - Off Market

48 Summit St

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,356 Ft²
$460,516
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Beautifully maintained Colonial in a quiet location. Nothing to do but enjoy the open layout and 3 good sized bedrooms. 1.5 baths. Hardwood floors. Large flat lot. Plenty of parking. Walk to local shopping and fine restaurants plus easy access to all major routes. Close to Farm Pond. NO SHOWINGS UNTIL OPEN HOUSE SUNDAY MAY 2nd FROM 11AM-1PM. ONLY 1 PARTY WILL BE ALLOWED IN HOUSE AT A TIME. PLEASE WAIT FOR AGENT TO CALL YOU IN. NO APPOINTMENTS FOR OPEN HOUSE. PARTY WILL BE LET IN BASED ON WHEN THEY ARRIVE. IF YOU CAN'T MAKE OPEN HOUSE PLEASE BOOK SHOWINGS THROUGH SHOWINGTIME AFTER OPEN HOUSE AND ALL DAY MONDAY AND TUESDAY. *OFFERS DUE TUESDAY MAY 4th AT 5PM.*
Unit Size
1,356 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$295
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1917

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72823517)

Price History

Date / Event Date Event Price
Jun 14, 2021 Sold
Premium
Sold
Apr 29, 2021 Listed by Century 21 North East $399,900
Listed by Century 21 North East
Feb 19, 2021 Sold
Premium
Sold
Apr 1, 1987 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 672
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,009
  • Total Building Area: 1,356
  • Gross Building Area: 2,256
  • Building Area: 1,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,356
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRAMINGHAM
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383101

Zoning

  • Zoning: G

Geography

  • Account Number: F_679843_2924223
  • Parcel: FRAM M:135 B:94 L:8242 U:000
  • Block: 94
  • Lot: 8242
  • Municipality: FRAMINGHAM
  • Latitude: 42.2722
  • Longitude: -71.4125

    Address

  • Full Address: 48 Summit St
  • Address - House Number: 48
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C063
  • 4-Digit Zip Code: 7363
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $602,400

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 569,304
  • High Value: 675,694
  • Low Value: 462,914

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,500
  • Assessed Land Value: $177,500
  • Assessed Improvements Value: $306,000

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 133855
  • Previous Sale Recording Date: Feb 19, 2021
  • Previous Sale Contract Date: Feb 18, 2021
  • Previous Sale Amount: $185,000
  • 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

2048 ft²

Average Home Age

61 years

Currently For Sale

138 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: 5 years ago
Data Source: MLS PIN, MLS# 72823517

Frequently Asked Questions

When was property at 48 Summit Street built and last sold?
The property at 48 Summit Street was built in 1917 and last sold on Jun 14, 2021 for $495,000.
How much is this home worth?
The estimated value of the home located at 48 Summit Street is $0.
What are some comparable homes to 48 Summit Street?
There are currently no comparable homes to 48 Summit Street.
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