NOT LISTED FOR SALE

9 Summit St Framingham, MA 01702

Estimated Value: $717,000 - $758,000

6 Beds
2 Baths
2,172 Sq Ft
$341/Sq Ft Est. Value

Last Sold April 25, 2018

Last sale price $397,000 $183 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,581/month

132 Days on Market

About This Home

As of April 2018

The numbers speak for themselves $2,850.00 per month in collected rents (including garage). Easy to manage property with separate gas and electric, paid by tenants LEAD CERTIFICATES ON FILE. The front roof was replaced in 2012 and the rear was done in 1999. Both units are updated with New circuit breaker panels. $4000 upgrade to the electrical system, New water heaters in 2014, new gas heating systems in 2015. Almost all of the double hung double pane tilt in windows are new and made for easy cleaning. The two car garage only adds value to this fantastic income producing property (additional $250/monthly and this could be increased easily). Easy walk to the downtown Framingham's M.B.T.A.bus and express train to Back Bay and South Station. Walk to local shopping and fine restaurants plus easy access to all major routes. Both the units are under lease through August 2018. The tenants always good about paying 1st day of mo.The garage is rented monthly (no lease) as a storage area.

Last Agent to Sell the Property

Dana Reinhard

Keller Williams Realty License #449504670 Listed on: 10/25/2017

Keller Williams Realty

Last Buyer's Agent

Nancy Wang

Premier Realty Group

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,908

Year Built

1907

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Certified Treated
  • Year Built Description: Unknown/Mixed
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1907

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
  • Electric: 220 Volts
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Basement: Full, Walk Out
  • Full Bathrooms: 2
  • Total Levels: 2
  • Main Lo: BB5301
  • Main So: AN1712
  • Estimated Sq Ft: 2172.00

Exterior Features

  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Features: Porch, Patio, Fenced Yard, Garden Area
  • Foundation: Poured Concrete, Concrete Block

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Common, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:135 B:94 L:8795 U:000
  • Zoning: G
  • Acre: 0.13
  • Lot Size: 5532.00

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 9
  • Total Rent_1: 2850
  • Multi Family Type: 2 Family - 2 Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2017
Closed on
Apr 26, 2018
Sold by
Reinhard Peter A and Reinhard Dana
Bought by
Wang Ningning
Seller's Agent
Dana Reinhard
Keller Williams Realty
Buyer's Agent
Nancy Wang
Premier Realty Group
List Price
$399,000
Sold Price
$397,000
Premium/Discount to List
-$2,000
-0.5%
Current Estimated Value
$739,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,830
Avg. Annual Appreciation
8.44%
Original Mortgage
$297,750
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2014
Closed on
Aug 25, 2014
Sold by
Wheelwirght Diana S
Bought by
Reinhard Dana
Seller's Agent
keith shapiro
Realty Executives Boston West
Buyer's Agent
Dana Reinhard
Keller Williams Realty
List Price
$299,900
Sold Price
$292,000
Premium/Discount to List
-$7,900
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$219,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Wang Ningning $397,000 --
Wang Ningning $397,000 --
Reinhard Dana $292,000 --
Reinhard Dana $292,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Ningning $297,750
Closed Wang Ningning $297,750
Previous Owner Reinhard Dana $219,000
Previous Owner Reinhard Dana $254,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2018 04/25/18 Sold $397,000 -0.5% $183 / Sq Ft
03/06/2018 03/06/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $399,000 +0.5% $184 / Sq Ft
10/31/2017 10/31/17 Off Market $397,000 -- --
10/25/2017 10/25/17 For Sale $429,900 +47.2% $198 / Sq Ft
08/25/2014 08/25/14 Sold $292,000 -2.6% $134 / Sq Ft
07/26/2014 07/26/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $299,900 -- $138 / 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 $7,908 $662,300 $200,100 $462,200
2024 $7,551 $606,000 $177,900 $428,100
2023 $7,351 $561,600 $159,000 $402,600
2022 $7,263 $528,600 $144,200 $384,400
2021 $6,717 $478,100 $138,600 $339,500
2020 $6,268 $418,400 $120,800 $297,600
2019 $5,598 $364,000 $115,100 $248,900
2018 $5,085 $311,600 $107,100 $204,500
2017 $4,936 $295,400 $103,100 $192,300
2016 $4,995 $287,400 $97,400 $190,000
2015 $4,065 $228,100 $96,600 $131,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dana Reinhard

    Keller Williams Realty

    Section Image

  • N

    Buyer's Agent in 2018

    Nancy Wang

    Premier Realty Group

    (617) 230-9952

    4 Total Sales

    Nancy Wang
    Section Image
  • keith shapiro

    Seller's Agent in 2014

    keith shapiro

    Realty Executives

    (508) 314-7880

    12 in this area

    56 Total Sales

    keith shapiro
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72248207

MLS Property Information Network (MLS PIN)

APN: FRAM-000135-000094-008795

Massachusetts Middlesex County Framingham 01702

9 Summit St, Framingham, MA

This home is located at 9 Summit St, Framingham, MA 01702 since 25 October 2017 and is currently estimated at $739,830, approximately $340 per square foot. This property was built in 1907. 9 Summit St is a home located in Middlesex County with nearby schools including Framingham High School, Happy Hollow School, and Saint Bridget School.

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