NOT LISTED FOR SALE

Estimated Value: $915,000 - $984,976

6 Beds
5 Baths
2,948 Sq Ft
$320/Sq Ft Est. Value

Last Sold February 01, 2018

Last sale price $570,000 $193 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,657/month

19 Days on Market

About This Home

As of February 2018

A Rare Opportunity to own a HIGH INCOME GENERATING 3 FAMILY INVESTMENT PROPERTY IN GREAT CONDITION. Close to downtown Framingham, Natick Mall, Mass Pike and Walking distance to the Commuter rail. This Updated, spacious and well maintained SEVEN bedroom partially De-leaded property has 4.5 Baths, Gas Heat & Cooking in Units 1 & 2 - these units are also known as 31 Hayes St. & 29 Hayes St, unit 2, Insulated windows, Dedicated Basement Storage, big yard and ample parking space. The property is off of Pleasant St. near Rte.30. The coin-op Washer/Dryer are in the Basement and may produce Additional Income. This property is a rare find for all Qualified Buyers. Strong Recent Pre-Approvals or, if Cash, Proof of Funds are a Must with All offers. Please do Not include any Escalation Clauses in the offers. Property information has been obtained from Framingham Assessor's Office/database. Buyers or their agents to do their own due diligence to verify all property related information.

Last Agent to Sell the Property

Alex Kupelian

BrokerKing Realty Listed on: 12/03/2017

Last Buyer's Agent

Alex Kupelian

BrokerKing Realty Listed on: 12/03/2017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,219

Year Built

1918

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Cleared, Level
  • Property Type: Multi-family
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping
  • Electric: 110 Volts, Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Tile, Vinyl, Hardwood, Wood Laminate
  • Basement: Full, Interior Access, Concrete Floor
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Levels: 3
  • Main Lo: BB3361
  • Main So: BB3361
  • Estimated Sq Ft: 2948.00

Exterior Features

  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Features: Storage Shed, Fenced Yard, Satellite Dish
  • Foundation: Fieldstone, Brick, Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Tandem
  • Parking Spaces: 4

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: G
  • Acre: 0.18
  • Lot Size: 7958.00

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Total Levels: 3
  • Total Rms: 10
  • Multi Family Type: 3 Family - 3 Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2012
Sold by
Morkosyan Karen and Morkosyan Levon
Bought by
Morkosyan Gary
Current Estimated Value
$921,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,448
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 2010
Sold by
Markosyan Karen and Markosyan Artak
Bought by
Markosyan Karen and Markosyan Levon

Purchase Details

Closed on
Jan 5, 2010
Sold by
Markosyan Karen
Bought by
Markosyan Karen and Markosyan Artak

Purchase Details

Closed on
Sep 17, 2009
Sold by
Us Bk and Bafc
Bought by
Markosyan Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,168
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2009
Sold by
Vicente Celio and Us Bk
Bought by
Us Bk and Bafc

Purchase Details

Closed on
Oct 7, 2005
Sold by
Lara Luis N and Lara Norma A
Bought by
Vincente Celio

Purchase Details

Closed on
Sep 13, 1996
Sold by
Russo Jose A
Bought by
Lara Luis N and Lara Norma E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Morkosyan Gary -- --
Morkosyan Gary -- --
Markosyan Karen -- --
Markosyan Karen -- --
Markosyan Karen -- --
Markosyan Karen -- --
Markosyan Karen $271,000 --
Markosyan Karen $271,000 --
Us Bk $345,000 --
Us Bk $345,000 --
Vincente Celio $460,000 --
Vincente Celio $460,000 --
Lara Luis N $137,300 --
Lara Luis N $137,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Zhou $450,000
Closed Zheng Zhou $370,500
Closed Markosyan Gary $232,000
Closed Morkosyan Gary $240,448
Previous Owner Markosyan Karen $248,168
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2018 02/01/18 Sold $570,000 +3.8% $193 / Sq Ft
12/22/2017 12/22/17 Pending -- -- --
12/14/2017 12/14/17 Price Changed $549,000 +9.8% $186 / Sq Ft
12/03/2017 12/03/17 For Sale $499,900 0.0% $170 / Sq Ft
12/17/2015 12/17/15 Rented $1,550 -6.1% --
12/10/2015 12/10/15 Price Changed $1,650 +6.5% $2 / Sq Ft
12/05/2015 12/05/15 For Rent $1,550 -- --
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 $9,219 $772,100 $202,000 $570,100
2024 $8,737 $701,200 $179,600 $521,600
2023 $8,205 $626,800 $160,500 $466,300
2022 $9,051 $658,700 $145,600 $513,100
2021 $8,517 $606,200 $139,900 $466,300
2020 $8,169 $545,300 $121,900 $423,400
2019 $7,692 $500,100 $116,200 $383,900
2018 $4,907 $300,700 $108,200 $192,500
2017 $4,749 $284,200 $104,100 $180,100
2016 $4,607 $265,100 $98,400 $166,700
2015 $4,402 $247,000 $99,000 $148,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72260776

MLS Property Information Network (MLS PIN)

APN: FRAM-000134-000074-008644