Central St Framingham, MA 01701
R-1 and R-2). The intent of the NCD section is to: (1) Further the goals and policies of the Master Land Use Plan; (2) Conform the development to existing topography and natural features better than a conventional or grid subdivision; (3) Consume less open land; (4) Create a residential neighborhood that provides opportunities for social interaction, such as…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Framingham, MAR-1 and R-2). The intent of the NCD section is to: (1) Further the goals and policies of the Master Land Use Plan; (2) Conform the development to existing topography and natural features better than a conventional or grid subdivision; (3) Consume less open land; (4) Create a residential neighborhood that provides opportunities for social interaction, such as walking and hiking in common land areas; (5) Utilize the most recent version of the Massachusetts Highway Department Project Development and Design Guide - Complete Street Design Techniques; (6) Utilize low-impact development design techniques; (7) Utilize green building design techniques; and (8) Facilitate the construction and maintenance of housing, streets, utilities, and public service in an economical and efficient manner. B. Applicability. (1) This section shall apply to any parcel or parcels of land that are in one ownership throughout or any combination of parcels of land consolidated under a purchase and sale agreement where all such owners jointly apply for an NCD special permit. To be included in an application for an NCD special permit and defined herein as the NCD tract, such parcel or parcels must have definite boundaries ascertainable from a recorded deed or recorded plan and be located within a zone permitting an NCD. (2) The Planning Board may permit lots directly on opposite sides of a street, right-of-way, or public utility to qualify as a single NCD tract of land. To permit such division of an NCD tract of land by a street, right-of-way, or public utility, the Planning Board must find that this would comply with the purpose of this section and not result in any more dwelling units than would be possible in accordance with the provisions of this section if the lots on either side of the street, right-of-way, or public utility were developed separately. Such permit shall be subject to the dimensional regulations and design standards under § 435-38C herein. (3) Eligible properties shall be located in the Single-Family Residential Zoning Districts of R-1 or R-2 and shall be served by municipal public water and sewer. The total gross land area included within the NCD tract shall be at least four contiguous acres in size with a minimum of 40 feet of frontage on a street. (4) The Planning Board may issue a special permit under this section, subject to the requirements of this section, and in accordance with the additional requirements and standards specified within this § 435-38 , only if no variance has been issued from the requirements of this § 435-38 .
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.