Sold for $740,000

$740,000

368 Concord St, Framingham, MA 01702

3beds

1,510sqft

3 Family

Built in 1882

-- sqft lot

$752,100 Zestimate^®

$490/sqft

$3,586 Estimated rent

Home value

$752,100

$692,000 - $820,000

$3,586/mo

Zestimate^® history

Owner options

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$3,586/mo

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$3,586/mo

Rent Zestimate^®

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$4,577/mo

Est. payment

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$4,577/mo

Est. payment

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What's special

Investing in a three-family home w/ easy access to the Boston train system is an opportunity ripe w/ potential. Not only 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 & the 2nd floor one bedroom would very 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 & long-term growth potential. Roof is older.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Microwave, Refrigerator
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Crown Molding, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Walk-Up Attic, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Kitchen
Flooring: Tile, Hardwood, Stone/Ceramic Tile
Doors: Insulated Doors, Storm Door(s)
Windows: Insulated Windows, Storm Window(s)
Basement: Full,Interior Entry,Bulkhead,Concrete
Has fireplace: No

Interior area

Total structure area: 1,510
Total interior livable area: 1,510 sqft

Property

Parking

Total spaces: 6
Parking features: Paved Drive, Off Street, Assigned
Uncovered spaces: 6

Features

Exterior features: Rain Gutters
Has view: Yes
View description: Water, Pond
Has water view: Yes
Water view: Pond,Water
Waterfront features: Waterfront, Pond, Direct Access, Public, Lake/Pond, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 9,888 sqft

Details

Additional structures: Shed(s)
Parcel number: 490619
Zoning: R1

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1882

Utilities & green energy

Electric: Fuses, Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Dryer, Washer Hookup

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks

Location

Region: Framingham

HOA & financial

Other financial information

Total actual rent: 5000

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
12/12/2024	Sold	$740,000-5.1%$490/sqft
Source: MLS PIN #73220204 Report a problem
6/21/2024	Listed for sale	$779,900$516/sqft
Source: MLS PIN #73220204 Report a problem
6/15/2024	Contingent	$779,900$516/sqft
Source: MLS PIN #73220204 Report a problem
4/23/2024	Price change	$779,900-2.5%$516/sqft
Source: MLS PIN #73220204 Report a problem
4/4/2024	Listed for sale	$799,900+23.1%$530/sqft
Source: MLS PIN #73220204 Report a problem
7/31/2020	Sold	$650,000+4%$430/sqft
Source: Public Record Report a problem
6/23/2020	Pending sale	$625,000$414/sqft
Source: Keller Williams Boston Metrowest #72675217 Report a problem
6/17/2020	Listed for sale	$625,000+85.2%$414/sqft
Source: Keller Williams Boston Metrowest #72675217 Report a problem
6/28/2019	Listing removed	$1,400$1/sqft
Source: Owner Report a problem
6/5/2019	Listed for rent	$1,400+78.3%$1/sqft
Source: Owner Report a problem
3/20/2015	Sold	$337,500-8.8%$224/sqft
Source: Public Record Report a problem
1/2/2015	Listed for sale	$369,900$245/sqft
Source: Realty Executives Boston West #71779968 Report a problem
8/1/2014	Listing removed	$785$1/sqft
Source: iHOUSEWeb Solutions, Inc #FCND3683 Report a problem
6/21/2014	Listed for rent	$785$1/sqft
Source: iHOUSEWeb Solutions, Inc #FCND3683 Report a problem
4/8/2014	Listing removed	$785$1/sqft
Source: iHOUSEWeb Solutions, Inc #FCND3683 Report a problem
1/21/2014	Listed for rent	$785$1/sqft
Source: iHOUSEWeb Solutions, Inc #FCND3683 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,304 +9.9%	$695,500 +14.7%
2024	$7,553 +5.7%	$606,200 +11%
2023	$7,148 -4.8%	$546,100 0%
2022	$7,506 +5%	$546,300 +7.4%
2021	$7,146 +18.2%	$508,600 +26%
2020	$6,046 +4.5%	$403,600 +7.3%
2019	$5,786 +10%	$376,200 +16.7%
2018	$5,260 +14.1%	$322,300 +16.8%
2017	$4,610 +9.7%	$275,900 +14.1%
2016	$4,202	$241,800