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Needham 02494
1055 Highland Ave
$539,000
● House - Off Market

1055 Highland Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,851 Ft²
$961,663
RealtyHop Estimate
78.42%
Since Dec 1, 2005
MA-Boston
Primary Model

About This Property

Wonderful older Colonial with lots of charm. High Ceilings,french doors, hardwood floors. Welcoming front porch. Covered deck off kitchen leads to level yard ideal for children's play.Two finished rooms on third floor  Live in the heart of the Needham Heights Village close to commuter train and many interesting and popular shops and restaurants. Don't miss this !!
Unit Size
1,851 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$291
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1912

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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: 6 months ago (MLSPIN #70275427)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Oct 21, 2021 Listed by Prudential Prime Properties $849,000
Listed by Prudential Prime Properties
Nov 22, 2005 Sold
Premium
Sold
Oct 7, 2005 Listed by Prudential Prime Properties $539,000
Listed by Prudential Prime Properties
Oct 15, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 771
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,851
  • Gross Building Area: 2,622
  • Building Area: 1,851
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,851
  • Heating Fuel Type: 3

    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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:062.0 B:0054 L:0000.0
  • Block: 54
  • Municipality: NEEDHAM
  • Latitude: 42.2906
  • Longitude: -71.2354

    Address

  • Full Address: 1055 Highland Ave
  • Address - House Number: 1055
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C048
  • 4-Digit Zip Code: 1124
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,213,400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,283,212
  • High Value: 1,481,955
  • Low Value: 1,084,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $930,500
  • Assessed Land Value: $552,700
  • Assessed Improvements Value: $377,800

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 158107
  • Previous Sale Recording Date: Nov 22, 2005
  • Previous Sale Amount: $539,000
  • Previous Sale Document Type: 27
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:

$1,600,000

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4173 ft²

Average Home Age

39 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70275427

Frequently Asked Questions

When was property at 1055 Highland Avenue built and last sold?
The property at 1055 Highland Avenue was built in 1912 and last sold on Dec 17, 2021 for $925,000.
How much is this home worth?
The estimated value of the home located at 1055 Highland Avenue is $850,824.
What are some comparable homes to 1055 Highland Avenue?
There are currently no comparable homes to 1055 Highland Avenue.
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