NOT LISTED FOR SALE

7 Lake Ave Framingham, MA 01702

Estimated Value: $373,000 - $506,575

2 Beds
2 Baths
856 Sq Ft
$523/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $209,900 $245 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,853/month

18 Days on Market

About This Home

As of July 2014

Estate sale-sold in as-is condition. Multi-family detached. Two buildings on a single lot. One unit a studio, the other a 1 bedroom. View of the lake and walking distance to the beach, the "T". Easy access to downtown Framingham and shopping. Minutes to Route 9 and The Mass Pike. Holdover tenant in #7 being evicted. This property most likely will need to be a cash sale or 25% down at a local bank. Will not qualify for a conventional loan.

Last Agent to Sell the Property

Jay Falone

RE/MAX Executive Realty Listed on: 06/13/2014

RE/MAX Executive Realty

Last Buyer's Agent

Pamela Bathen

Oak Realty

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,640

Year Built

1950

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Vinyl, Wall to Wall Carpet
  • Basement: Full

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Deck - Wood
  • Foundation: Concrete Block

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 4

Utilities

  • Heat Zones: 2

Schools

  • High School: Framingham

Lot Info

  • Assessor Parcel Number: M:134.0 B:0278 L:0055.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2017
Sold by
Lake Avenue Llc
Bought by
Fyffe Andrew C
Current Estimated Value
$447,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Outstanding Balance
$142,033
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$305,611

Purchase Details

Listed on
Jun 13, 2014
Closed on
Jul 31, 2014
Sold by
Santamaria Irene M Est and Santamaria
Bought by
Lake Avenue Llc
Seller's Agent
Jay Falone
RE/MAX Executive Realty
Buyer's Agent
Pamela Bathen
Oak Realty
List Price
$209,900
Sold Price
$209,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Aug 22, 2008
Sold by
Irene M Santamaria T M and Irene Santamaria
Bought by
Santamaria Irene M

Purchase Details

Closed on
Oct 16, 2007
Sold by
Santamaria Irene M
Bought by
Irene M Santamaria T M and Irene Santamaria
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
Fyffe Andrew C -- --
Fyffe Andrew C -- --
Lake Avenue Llc $209,900 --
Lake Avenue Llc $209,900 --
Santamaria Irene M -- --
Santamaria Irene M -- --
Irene M Santamaria T M -- --
Irene M Santamaria T M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fyffe Andrew C $169,500
Closed Fyffe Andrew C $169,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $209,900 0.0% $245 / Sq Ft
07/01/2014 07/01/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $209,900 -- $245 / 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 $5,640 $472,400 $200,600 $271,800
2024 $5,854 $469,800 $178,400 $291,400
2023 $4,748 $362,700 $159,400 $203,300
2022 $4,340 $315,900 $144,600 $171,300
2021 $4,245 $302,100 $138,900 $163,200
2020 $4,121 $275,100 $121,100 $154,000
2019 $4,028 $261,900 $115,400 $146,500
2018 $3,781 $231,700 $107,400 $124,300
2017 $3,629 $217,200 $103,300 $113,900
2016 $3,307 $190,300 $97,700 $92,600
2015 $3,095 $173,700 $97,200 $76,500
Source: Public Records

Agents Affiliated with this Home

  • Jay Falone

    Seller's Agent in 2014

    Jay Falone

    RE/MAX

    (508) 561-0742

    1 in this area

    42 Total Sales

    Jay Falone
    Section Image
  • Pamela Bathen

    Buyer's Agent in 2014

    Pamela Bathen

    Oak Realty

    (508) 309-0808

    4 in this area

    63 Total Sales

    Pamela Bathen
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71698704

MLS Property Information Network (MLS PIN)

APN: FRAM-000140-000062-003191

Massachusetts Middlesex County Framingham 01702

7 Lake Ave, Framingham, MA

This home is located at 7 Lake Ave, Framingham, MA 01702 since 13 June 2014 and is currently estimated at $447,644, approximately $522 per square foot. This property was built in 1950. 7 Lake Ave is a home located in Middlesex County with nearby schools including Framingham High School, Pincushion Hill Montessori School, and Happy Hollow School.

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