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Needham 02494
1 Central Ter
$630,000
● House - Off Market

1 Central Ter

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,629 Ft²
$926,832
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Here's the value play in Needham! The one you've been waiting for is ready for you now, right here in Needham! Cul-de-sac? Check! Heated, separately zoned usable lower-level? Check! Garage parking? Check!  Meticulously maintained 3 BR, 2 BA Brick Ranch! Ready for your updates to make it your own! Newer windows and heating system. Best of all, the condition makes it entirely possible to move in now and make any desired updates on your timeline if that is desired. Terrific location. Convenient to highways, #59 bus stop 1 block away, goes to commuter rail in one direction, Eliot or Highlands  T Stop in Newton in the other. This is an excellent opportunity to get into Needham and all it has to offer!.
Unit Size
1,629 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$384
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72276320)

Price History

Date / Event Date Event Price
May 17, 2018 Sold
Premium
Sold
Jan 31, 2018 Listed by Keller Williams Realty $625,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,629
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,629
  • Gross Building Area: 3,258
  • Building Area: 1,629
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,629
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Needham School District
  • School Tax School District: NEEDHAM SD
  • Census Tract: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:084.0 B:0020 L:0000.0
  • Block: 20
  • Municipality: NEEDHAM
  • Latitude: 42.3108
  • Longitude: -71.2309

    Address

  • Full Address: 1 Central Ter
  • Address - House Number: 1
  • Address - Street Name: Central
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C050
  • 4-Digit Zip Code: 2610
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $865,500

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 941,308
  • High Value: 1,084,339
  • Low Value: 798,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $663,700
  • Assessed Land Value: $361,500
  • Assessed Improvements Value: $302,200

    Sales

  • Current Sale Recording Date: Jul 02, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 55835
  • Previous Sale Recording Date: May 17, 2018
  • Previous Sale Amount: $630,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Needham

Stats & Trends

Median Asking:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4309 ft²

Average Home Age

36.8 years

Currently For Sale

64 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72276320

Frequently Asked Questions

When was property at 1 Central Terrace built and last sold?
The property at 1 Central Terrace was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 Central Terrace is $648,065.
What are some comparable homes to 1 Central Terrace?
There are currently no comparable homes to 1 Central Terrace.
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