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Framingham 01702
71 Gorman Road
$338,000
● House - Off Market

71 Gorman Road

Framingham, MA 01702
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,338 Ft²
$546,819
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Beautifully updated 3BR colonial in convenient Framingham location-- move-in ready!  Recent renovations include a new kitchen with granite counters and stainless steel appliances, two full updated bathrooms on the 2nd floor and a newly redone half bath & laundry room combo off the kitchen.  Refinished dark-stained HW floors, wainscot throughout the dining room, and beautiful columns leading from the dining room into the living room.  A perfect open-living area layout!  The exterior features an adorable front porch, a freshly panted side deck, detached 2-car garage w/ automatic doors, and a low maintenance yard.  Nothing to do but move in!
Unit Size
1,338 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$243
Property Type
House
Property Taxes
$494
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 #71987516)

Price History

Date / Event Date Event Price
Aug 25, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by Sloane Realty Group $519,000
Listed by Sloane Realty Group
May 31, 2016 Sold
Premium
Sold
Apr 13, 2016 Listed by Sloane Realty Group $325,000
Listed by Sloane Realty Group
Jun 14, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,451
  • Total Building Area: 1,338
  • Gross Building Area: 2,148
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383501

Zoning

  • Zoning: R-1

Geography

  • Account Number: F_681684_2931809
  • Parcel: FRAM M:113 B:11 L:6880 U:000
  • Block: 11
  • Lot: 6880
  • Municipality: FRAMINGHAM
  • Latitude: 42.293
  • Longitude: -71.4057

    Address

  • Full Address: 71 Gorman Rd
  • Address - House Number: 71
  • Address - Street Name: Gorman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C067
  • 4-Digit Zip Code: 8024
  • Zip Code: 01702

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,200

    Appraisal Valuation

  • Standard Deviation: 0.2452
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 629,619
  • High Value: 784,025
  • Low Value: 475,212

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,900
  • Assessed Land Value: $195,300
  • Assessed Improvements Value: $346,600

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 190091
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Amount: $338,000
  • 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

2074 ft²

Average Home Age

63 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# 71987516

Frequently Asked Questions

When was property at 71 Gorman Road built and last sold?
The property at 71 Gorman Road was built in 1917 and last sold on Aug 25, 2021 for $550,000.
How much is this home worth?
The estimated value of the home located at 71 Gorman Road is $514,088.
What are some comparable homes to 71 Gorman Road?
There are currently no comparable homes to 71 Gorman Road.
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