NOT LISTED FOR SALE

16 Learned St Framingham, MA 01702

Estimated Value: $875,000 - $985,444

5 Beds
3 Baths
3,083 Sq Ft
$301/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $840,000 $272 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,655/month

51 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Porch
  • Waterfront
  • Wood Flooring
  • Park

About This Home

As of March 2023

TREMENDOUS OPPORTUNITY FOR INVESTOR OR OWNER OCCUPANT! Superb location on a non-busy one-way street for this recently updated three-family home. Separately metered for electricity and natural gas with 3 newer (2018) warm air heating systems and 3 newer (2018) hot water tanks. The newly renovated 3-bedroom townhouse has a kitchen with granite countertops, white Shaker style cabinetry, some new appliances, and new LVT flooring plus a laundry room just off the kitchen with the washer and dryer included. The dining room and living room have refinished hardwood flooring plus ceiling fans and the three bedrooms all have new wall to wall carpeting. The entire unit has been freshly painted. The 2 one-bedroom units have been well maintained and there is some hardwood flooring, LVT flooring and one unit has a granite countertop in the kitchen. There is also plenty of off-street parking. Close to the commuter rail, highways, sports complex, schools, university, parks, restaurants, and shopping.

Last Agent to Sell the Property

John Pasciuti

RE/MAX One Call Realty Listed on: 11/07/2022

RE/MAX One Call Realty

Last Buyer's Agent

Vanessa Nixon

Nixon Homes LTD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,061

Year Built

  • Built in 1887 | Remodeled

Lot Details

  • 5,354 Sq Ft Lot
  • Waterfront
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,083 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $5,600
  • Rent includes unit 1(water), unit 2(water), unit 3(water)

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Insurance Expense $2,877
  • Water Sewer Expense $2,231
  • Operating Expense $5,108
  • Net Operating Income $62,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,061

Year Built

Built in 1887 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Property Condition: Unit 1 Remodeled
  • Year Built: 1887
  • Dual Variable: Yes
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Vinyl,Carpet,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Wood Flooring), Unit 3(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Ceiling Fans,Pantry,Stone/Granite/Solid Counters,Bathroom With Tub), Unit 2(Stone/Granite/Solid Counters,Bathroom With Tub), Unit 3(Bathroom With Tub), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater,Tankless Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room
  • Basement: Full, Unfinished
  • Living Area: 3083
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: BB5763
  • MAIN SO: AN4864

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Fee Information

  • Water Sewer Expenses: 2231

Lot Info

  • Zoning: P
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5354
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7061

Multi Family

  • Insurance Expense: 2877
  • Net Operating Income: 62092
  • Number Of Units Total: 3
  • Operating Expense: 5108
  • Total Actual Rent: 5600
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 1

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Mar 24, 2023
Sold by
Turner Family Llp
Bought by
Tenezaca Luis E
Seller's Agent
John Pasciuti
RE/MAX One Call Realty
Buyer's Agent
Vanessa Nixon
Nixon Homes LTD
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%
Views
154
Current Estimated Value
$929,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,361
Avg. Annual Appreciation
3.62%
Original Mortgage
$672,000
Outstanding Balance
$650,865
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$278,496

Purchase Details

Closed on
Dec 2, 2021
Sold by
Turner Family Lp
Bought by
Turner Family Llp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tenezaca Luis E $840,000 None Available
Tenezaca Luis E $840,000 None Available
Turner Family Llp -- None Available
Turner Family Llp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenezaca Luis E $672,000
Closed Tenezaca Luis E $672,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2023 03/24/23 Sold $840,000 +1.8% $272 / Sq Ft
12/29/2022 12/29/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $825,000 -- $268 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,130 $848,400 $256,400 $592,000
2024 $7,626 $612,000 $228,900 $383,100
2023 $7,084 $541,200 $204,300 $336,900
2022 $7,061 $513,900 $185,400 $328,500
2021 $6,619 $471,100 $178,200 $292,900
2020 $6,334 $422,800 $161,900 $260,900
2019 $6,149 $399,800 $161,900 $237,900
2018 $5,958 $365,100 $155,900 $209,200
2017 $5,763 $344,900 $151,300 $193,600
2016 $5,751 $330,900 $151,300 $179,600
2015 $5,795 $325,200 $148,400 $176,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73055864

MLS Property Information Network (MLS PIN)

APN: FRAM-000120-000079-008236