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Framingham 01701
7 Colby Ave
$470,000
● House - Off Market

7 Colby Ave

Framingham, MA 01701
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,808 Ft²
$1,072,347
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

This can be your New Home for the Holidays!!  A Home for all Seasons, you can Entertain with joy in this custom built charming Cape, Smashing Kitchen/Granite/SS and All the Bells and Whistles!  4th Bedroom could be au pair, rec rm., teen suite or in home office!  Expansion potential, Perennial Gardens, Roof 1 Year old, Access to Saxonville beach and Lake Cochituate, truly a Gem!!
Unit Size
2,808 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$174
Property Type
House
Property Taxes
$608
HOA Dues
-
Year Built
1990

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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 #71295567)

Price History

Date / Event Date Event Price
Jan 27, 2012 Sold
Premium
Sold
Oct 3, 2011 Listed by RE/MAX Leading Edge $489,900
Listed by RE/MAX Leading Edge
May 5, 2006 Sold
Premium
Sold
Mar 29, 2006 Listed by RE/MAX Leading Edge $529,900
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,102
  • Total Building Area: 2,792
  • Gross Building Area: 5,348
  • Building Area: 2,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

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

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383700

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_685895_2943518
  • Parcel: FRAM M:051 B:53 L:8591 U:000
  • Block: 53
  • Lot: 8591
  • Municipality: FRAMINGHAM
  • Latitude: 42.3251
  • Longitude: -71.3901

    Address

  • Full Address: 7 Colby Ave
  • Address - House Number: 7
  • Address - Street Name: Colby
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Framingham
  • Carrier Code: C041
  • 4-Digit Zip Code: 3501
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,106,300

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,023,867
  • High Value: 1,202,338
  • Low Value: 845,396

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $887,900
  • Assessed Land Value: $231,400
  • Assessed Improvements Value: $656,500

    Sales

  • Current Sale Recording Date: Jan 27, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: May 05, 2006
  • Previous Sale Amount: $529,900
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71295567

Frequently Asked Questions

When was property at 7 Colby Avenue built and last sold?
The property at 7 Colby Avenue was built in 1990 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 7 Colby Avenue is $520,682.
What are some comparable homes to 7 Colby Avenue?
There are currently no comparable homes to 7 Colby Avenue.
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