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Framingham 01701
579 Water St.
$500,000
● House - Off Market

579 Water St.

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,176 Ft²
$942,583
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

This is an extraordinary 3 bdrm custom built cape set way back off Water St on a 1/2 acre level lot with plenty of privacy located within walking distance to the Hemenway School. It has hdwd floors,C/A, a gas fireplace and a magnificent 4 season porch/family room located just off the kitchen and an oversized two car garage with a pull down stair case and over-head storage.  On the second level there is an extra large bdrm/office/family room together with an unfinised area that can be used for additional storage or expansion. The partially finished basement has a fully equiped in-law apt that is ready for use. The exterior landscaping is a masterpiece. Located within the Nobscot Section of North Framingham, this property is close to all major routes and is just waiting for that special buyer.
Unit Size
2,176 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$238
Property Type
House
Property Taxes
$719
HOA Dues
-
Year Built
1995

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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: 6 months ago (MLSPIN #71686215)

Price History

Date / Event Date Event Price
Sep 9, 2014 Sold
Premium
Sold
May 23, 2014 Listed by Coldwell Banker Residential Brokerage - Framingham $517,000
Listed by Coldwell Banker Residential Brokerage - Framingham
Aug 11, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,344
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,217
  • Total Building Area: 2,008
  • Gross Building Area: 4,518
  • Building Area: 2,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000533
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383800

Zoning

  • Zoning: R-3

Geography

  • Account Number: F_676474_2945434
  • Parcel: FRAM M:038 B:65 L:4473 U:000
  • Block: 65
  • Lot: 4473
  • Municipality: FRAMINGHAM
  • Latitude: 42.3303
  • Longitude: -71.425

    Address

  • Full Address: 579 Water St
  • Address - House Number: 579
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Framingham
  • Carrier Code: C029
  • 4-Digit Zip Code: 7651
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,066,600

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 915,340
  • High Value: 1,074,307
  • Low Value: 756,374

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $856,000
  • Assessed Land Value: $245,100
  • Assessed Improvements Value: $610,900

    Sales

  • Current Sale Recording Date: Sep 09, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 136919
  • Previous Sale Recording Date: Aug 11, 1994
  • Previous Sale Amount: $85,000
  • 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

$364

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1938 ft²

Average Home Age

61.6 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71686215

Frequently Asked Questions

When was property at 579 Water Street built and last sold?
The property at 579 Water Street was built in 1995 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 579 Water Street is $534,631.
What are some comparable homes to 579 Water Street?
There are currently no comparable homes to 579 Water Street.
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