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Framingham 01702
54 Lawrence St
$490,000
● House - Off Market

54 Lawrence St

Framingham, MA 01702
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,568 Ft²
$2,641
Est. Monthly

About This Property

Excellent opportunity to make this 4 bed 2 bath home your own! Enter into large foyer with pretty staircase which leads you to an open kitchen/dining room. Off the dining room is a nice sized living room. Rounding out this floor is a three season porch and 3/4 bath. Upstairs are 3 good sized bedrooms, one smaller bed and a full bath. 3rd floor features large bonus room (home office?). Outside is a large, flat yard with detached 2 car garage & off street parking. Located on a large fenced in lot in Framingham Ctr w/ close proximity to shops and restaurants, .7 miles to the Framingham Commuter Rail Station & under 2 miles to Farm Pond walking loop. 30 yr roof in 2009 & new hot water heater installed approx 2020.
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$284
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1917

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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 #73155679)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold
Premium
Sold
Sep 11, 2023 In contract -
In contract
Sep 6, 2023 Listed by Compass $445,000
Listed by Compass
Dec 31, 2009 Sold
Premium
Sold
Sep 29, 2009 Listed by Compass $242,000
Listed by Compass
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 728
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,102
  • Total Building Area: 1,568
  • Gross Building Area: 3,122
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RM EVENT
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: G

Geography

  • Account Number: F_680163_2928039
  • Parcel: FRAM M:121 B:08 L:1063 U:000
  • Block: 8
  • Lot: 1063
  • Municipality: FRAMINGHAM
  • Latitude: 42.2826
  • Longitude: -71.4114

    Address

  • Full Address: 54 Lawrence St
  • Address - House Number: 54
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C007
  • 4-Digit Zip Code: 6453
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,000

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 465,200
  • High Value: 501,202
  • Low Value: 429,197

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $460,700
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $265,700

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 144400
  • Previous Sale Recording Date: Dec 31, 2009
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 27
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

53

Average Home Size

2076 ft²

Average Home Age

62.4 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

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: 4 months ago
Data Source: MLS PIN, MLS# 73155679

Frequently Asked Questions

When was property at 54 Lawrence Street built and last sold?
The property at 54 Lawrence Street was built in 1917 and last sold on Dec 18, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 54 Lawrence Street is $449,623.
What are some comparable homes to 54 Lawrence Street?
There are currently no comparable homes to 54 Lawrence Street.
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