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Framingham 01701
524 Water Street
$215,000
● House - Off Market

524 Water Street

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,139 Ft²
$503,230
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Charming "Arts & Crafts" style cottage bungalow!  Hardwood floors throughout; built-in china cabinet and room divider half display shelves and bookcases. Large front porch; FP; Roof about 7 yrs. old. Recent gas furnace.  Huge oversized 2-car garage/barn/storage area.  Kitchen and bath totally remodeled in past 3 years includes slate kitchen counters and deep sink; pantry area.  All recent appliances. Conven. to shopping and lib. Original owner fam member selling. Needs TLC to really Shine!!!
Unit Size
1,139 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$202
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1925

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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 #71286147)

Price History

Date / Event Date Event Price
Jan 17, 2012 Sold
Premium
Sold
Sep 12, 2011 Listed by ERA Key Realty Services- Fram $229,900
Listed by ERA Key Realty Services- Fram

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • 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: 2
  • Basement Area: 1,211
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,121
  • Total Building Area: 1,211
  • Gross Building Area: 2,732
  • Building Area: 1,211
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,211
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383903

Zoning

  • Zoning: R-3

Geography

  • Account Number: F_676861_2944701
  • Parcel: FRAM M:038 B:64 L:8760 U:000
  • Block: 64
  • Lot: 8760
  • Municipality: FRAMINGHAM
  • Latitude: 42.3285
  • Longitude: -71.4234

    Address

  • Full Address: 524 Water St
  • Address - House Number: 524
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C047
  • 4-Digit Zip Code: 7607
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $550,900

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 536,168
  • High Value: 634,729
  • Low Value: 437,606

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $442,100
  • Assessed Land Value: $240,400
  • Assessed Improvements Value: $201,700

    Sales

  • Current Sale Recording Date: Jan 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000158
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

52

Average Home Size

1926 ft²

Average Home Age

61.3 years

Currently For Sale

101 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71286147

Frequently Asked Questions

When was property at 524 Water Street built and last sold?
The property at 524 Water Street was built in 1925 and last sold on Jan 1, 1970 for $215,000.
How much is this home worth?
The estimated value of the home located at 524 Water Street is $240,562.
What are some comparable homes to 524 Water Street?
There are currently no comparable homes to 524 Water Street.
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