$779,900 Price Analysis    ♡   Framingham, MA 01702 3 bed 3 bath 1,510 SqFt ($516/SqFt) 9,888SqFt lot. Built 1882 Listed 2024-04-04, Taxes $7,148 | Ⓧ USDA Ineligible due to price & location near Framingham |
Investing in a three-family home w/ easy access to th Boston train system is an opportunity ripe w/ potential.
Not does this location offer convenience for tenants commuting to Boston but it also promises steady rental income, a fundamental aspect of any sound investment strategy. With a total monthly rental income of $5, 000, this property showcases its attractiveness as a lucrative investment avenue. The property is being conveyed w/ the tenants in place.
The studio unit has a property manager in place, lease until 12/2024. The 1st floor one bedroom is on a lease until 2/2025 and the 2nd floor one bedroom would much like to continue renting after being there for over 4+ years-although is a TAW. Nicely updated units w/ granite kitchens and gas heat-all separate systems except water. Favorable attributes, investors can rest assured knowing that they are making a sound investment decision that promises both financial returns and long-term growth potential. Roof is older.
Presented by Diane B. Sullivan at
Coldwell Banker Realty - Framingham.
Property MLS #73220204 from MLSPIN
Basement Description: Full, Interior Entry, Bulkhead, Concrete
Full Bathrooms: 3
Upgraded Countertops
Bathroom with Shower Stall
Remodeled
Walk-Up Attic
Stone/Granite/Solid Counters
Bathroom With Tub & Shower
Living Room
Kitchen
Door Features: Insulated Doors, Storm Door(s)
Flooring: Tile, Hardwood, Stone/Ceramic Tile
Window Features: Insulated Windows, Storm Window(s)
Refrigerator
Laundry Features: Electric Dryer Hookup, Washer Hookup
Heating Features: Baseboard, Natural Gas
Heating: Yes
Other Structures: Shed(s)
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Beach Front
Pond
Direct Access
Public
Lake/Pond
3/10 to 1/2 Mile To Beach
Beach Ownership(Public)
Lot Size Square Feet: 9888
Parking Features: Paved Drive, Off Street, Assigned
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsRent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Source Listing Status: Active
County: Middlesex
Directions: Rt 126, Gleason Pond
Tax Year: 2024
Source Property Type: Residential Income
Exclusions: 2nd Floor Unit Room Darkening Shades In Bedroom, Security Light Above Shed & Bird House On Shed
Parcel Number: 490619
Zoning: R1
Property Subtype: 3 Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $370,100 + $176,000 $546,100 | $7,148 |
| 2022 | $386,500 + $159,800 $546,300 | $7,506 |
| 2021 | $355,000 + $153,600 $508,600 | $7,146 |
| 2020 | $270,000 + $133,600 $403,600 | $6,046 |
| 2019 | $246,400 + $129,800 $376,200 | $5,786 |
| 2018 | $205,600 + $116,700 $322,300 | $5,260 |
| 2016 | $132,100 + $109,700 $241,800 | $4,202 |
| 2015 | $82,700 + $109,900 $192,600 | $3,432 |
| 2014 | $81,000 + $111,100 $192,100 | $3,514 |
| 2006 | $109,500 + $251,000 $360,500 | $4,088 |
| 2005 | $89,300 + $201,100 $290,400 | $3,424 |
| 2004 | $81,300 + $159,900 $241,200 | $3,210 |
| 2003 | $81,300 + $159,900 $241,200 | $3,058 |
$779,900
MLSPIN
Listed 2024-04-04
$799,900
MLSPIN
Sold 2020-07-31
$650,000
MLSPIN
Listed 2020-06-17
$625,000
MLSPIN
Listing removed 2020-02-29
$0
RentalBeast
Listed for rent 2020-02-05
$1,200
RentalBeast
Listing removed 2017-12-06
$1,400
RentalBeast
Listed for rent 2017-11-02
$1,400
RentalBeast
Sold 2015-04-13
$369,900
MLSPIN
Listed 2015-01-02
$369,900
MLSPIN
Sewer: Public Sewer
for Gas Range
for Electric Dryer
Washer Hookup
Water Source: Public
Building Area Total: 1510
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Stone
Property Age: 142
Property Condition: Remodeled
Roof: Shingle
Levels or Stories: 4
Year Built Details: Actual
Year Built Source: Public Records
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.