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Framingham 01701
575 Potter Rd
$476,000
● House - Off Market

575 Potter Rd

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,540 Ft²
$447,964
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

This well-designed home has been lovingly cared for and presents enormous potential to its next owner. Soaring ceilings in the great room on the primary floor, accentuate the fireplace and large windows. An eat in kitchen and separate formal dining room complete a living space perfect for entertaining. A large enclosed porch overlooks the sprawling and wooded, private backyard. Three generous sized bedrooms and a full and half bath complete the main floor. A fantastic finished room on the lower level with fireplace could be used as a playroom, office or den. An attached garage space and a large unfinished space in the basement with loads of potential complete this exceptional opportunity, close to  schools, major routes and a mere 30 min to Boston.
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$253
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1960

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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: 5 years ago (MLSPIN #72833162)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
May 18, 2021 Listed by Coldwell Banker Realty - Newton $389,000
Listed by Coldwell Banker Realty - Newton

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • 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: 41
  • 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: 1,314
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,081
  • Total Building Area: 1,200
  • Gross Building Area: 2,826
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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_678271_2946898
  • Parcel: FRAM M:028 B:86 L:2879 U:000
  • Block: 86
  • Lot: 2879
  • Municipality: FRAMINGHAM
  • Latitude: 42.3344
  • Longitude: -71.4181

    Address

  • Full Address: 575 Potter Rd
  • Address - House Number: 575
  • Address - Street Name: Potter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C054
  • 4-Digit Zip Code: 3217
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $648,800

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 552,981
  • High Value: 684,302
  • Low Value: 421,660

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $520,700
  • Assessed Land Value: $242,200
  • Assessed Improvements Value: $278,500

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 149517
  • Previous Sale Recording Date: Jun 30, 2021
  • Previous Sale Contract Date: Jun 29, 2021
  • Previous Sale Amount: $476,000
  • 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

2069 ft²

Average Home Age

62.9 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72833162

Frequently Asked Questions

When was property at 575 Potter Road built and last sold?
The property at 575 Potter Road was built in 1960 and last sold on Jun 30, 2021 for $476,000.
How much is this home worth?
The estimated value of the home located at 575 Potter Road is $409,605.
What are some comparable homes to 575 Potter Road?
There are currently no comparable homes to 575 Potter Road.
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