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Framingham 01701
81&89 Cochituate Road
$975,000
● House - Off Market

81&89 Cochituate Road

Framingham, MA 01701
bedrooms
7 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,602 Ft²
$1,029,169
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Exciting opportunity for investor or developer. 2 homes on 2 separate adjacent lots totaling 1 acre. 81 Cochituate has 3 bedrooms, walk-up attic, full unfinished basement on .49 acre with detached 2-car garage, Harvey windows, Zoned 85% residential, 15% business, currently rented to one tenant for $2,600/mo. 89 Cochituate has 4 bedrooms, full unfinished basement, 2 living areas plus office on .514 acre, new roof, Zoned 92% residential, 8% business, currently rented to 4 tenants for a total of $2,490/mo. - 1 tenant on lease. Rents include water, sewer, lawn (tenants responsible for utilities and snow). See zoning map, attached. Fabulous location convenient to everything. Showings are limited. Serious inquiries only.
Unit Size
3,602 Ft²
Days on Market
-
Land Size
-
Price per sqft
$273
Property Type
House
Property Taxes
$866
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 #72928730)

Price History

Date / Event Date Event Price
Aug 10, 2022 Sold
Premium
Sold
Dec 18, 2021 Listed by Advisors Living - Sudbury $985,000
Listed by Advisors Living - Sudbury

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 921
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,519
  • Total Building Area: 1,875
  • Gross Building Area: 3,498
  • Building Area: 1,875
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,875
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000494
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Framingham School District
  • Census Tract: 383600

Zoning

  • Zoning: B

Geography

  • Account Number: F_680246_2934106
  • Parcel: FRAM M:092 B:04 L:2140 U:000
  • Block: 4
  • Lot: 2140
  • Municipality: FRAMINGHAM
  • Latitude: 42.2995
  • Longitude: -71.411

    Address

  • Full Address: 81 Cochituate Rd
  • Address - House Number: 81
  • Address - Street Name: Cochituate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Framingham
  • Carrier Code: C009
  • 4-Digit Zip Code: 7914
  • Zip Code: 01701

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $543,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 555,832
  • High Value: 656,901
  • Low Value: 454,762

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,500
  • Assessed Land Value: $243,500
  • Assessed Improvements Value: $193,000

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Aug 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122426
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

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# 72928730

Frequently Asked Questions

When was property at 81 Cochituate Road built and last sold?
The property at 81 Cochituate Road was built in 1917 and last sold on Aug 8, 2022 for $495,000.
How much is this home worth?
The estimated value of the home located at 81 Cochituate Road is $955,358.
What are some comparable homes to 81 Cochituate Road?
There are currently no comparable homes to 81 Cochituate Road.
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