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Framingham 01701
7 Summer Ln
$337,900
● House - Off Market

7 Summer Ln

Framingham, MA 01701
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,706 Ft²
$665,758
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Pristine! 3 Bedroom 2 Full Bath multilevel home on flat lot in convenient North Framingham neighborhood. Special features include gleaming hardwood floors, Gas heat & C/A. Cathedral Ceiling Family Rm addition off Dining Rm. One car garage with opener & keypad entry. Fireplaced Living Room w/ picture window. Lower level Office & Recreation Room with fireplace. Brand new Harvey windows! White kitchen w/ breakfast bar. All appliances included. Lovingly maintained by long-time owners.
Unit Size
1,706 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$205
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1963

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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 months ago (MLSPIN #71510447)

Price History

Date / Event Date Event Price
Jul 22, 2013 Sold
Premium
Sold
Apr 17, 2013 Listed by Coldwell Banker Residential Brokerage - Framingham $349,900
Listed by Coldwell Banker Residential Brokerage - Framingham

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,625
  • Total Building Area: 1,270
  • Gross Building Area: 2,654
  • Building Area: 1,270
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,270
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • 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_679923_2937888
  • Parcel: FRAM M:081 B:97 L:9828 U:000
  • Block: 97
  • Lot: 9828
  • Municipality: FRAMINGHAM
  • Latitude: 42.3097
  • Longitude: -71.4122

    Address

  • Full Address: 7 Summer Ln
  • Address - House Number: 7
  • Address - Street Name: Summer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Framingham
  • Carrier Code: C060
  • 4-Digit Zip Code: 7907
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $642,600

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 604,487
  • High Value: 703,939
  • Low Value: 505,035

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,700
  • Assessed Land Value: $231,800
  • Assessed Improvements Value: $283,900

    Sales

  • Current Sale Recording Date: Jul 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000164

    Financing

  • First Mortgage Financing Type: UNK
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

2043 ft²

Average Home Age

60.9 years

Currently For Sale

132 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: 5 months ago
Data Source: MLS PIN, MLS# 71510447

Frequently Asked Questions

When was property at 7 Summer Lane built and last sold?
The property at 7 Summer Lane was built in 1963 and last sold on Jan 1, 1970 for $337,900.
How much is this home worth?
The estimated value of the home located at 7 Summer Lane is $367,473.
What are some comparable homes to 7 Summer Lane?
There are currently no comparable homes to 7 Summer Lane.
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