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Needham 02494
11 James Ave
$1,685,000
● House - Off Market

11 James Ave

Needham, MA 02494
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,000 Ft²
$2,519,500
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Beautiful new construction in desirable Mitchell School district. Exceptional quiet street in a walk to everything kind of location!! High quality construction with great attention to interior finishes and moldings. The first floor boasts a great kitchen with ample space for entertaining and custom designed cabinetry, living room, dining room feature classic New England woodwork, family room with gas fireplace and coffered ceiling.  The first floor also offers an efficient mudroom, half bath and a private office.  the second floor consists of a master suite along with three additional bedrooms and two full baths and a separate laundry room. A finished third floor offers a large Great Room with another full bath. Fantastic opportunity! Pictures are of builders previous projects.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$425
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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 #72288110)

Price History

Date / Event Date Event Price
May 21, 2018 Sold
Premium
Sold
Mar 1, 2018 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $1,699,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate
Jul 13, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,441
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 3,714
  • Gross Building Area: 5,090
  • Building Area: 3,714
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,714
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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:055.0 B:0014 L:0000.0
  • Block: 14
  • Municipality: NEEDHAM
  • Latitude: 42.2876
  • Longitude: -71.2274

    Address

  • Full Address: 11 James Ave
  • Address - House Number: 11
  • Address - Street Name: James
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C048
  • 4-Digit Zip Code: 1519
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,323,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,341,373
  • High Value: 2,704,003
  • Low Value: 1,978,743

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,782,000
  • Assessed Land Value: $534,100
  • Assessed Improvements Value: $1,247,900

    Sales

  • Current Sale Recording Date: May 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40172
  • Previous Sale Recording Date: Jul 13, 2017
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 54
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:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 years

Currently For Sale

66 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# 72288110

Frequently Asked Questions

When was property at 11 James Avenue built and last sold?
The property at 11 James Avenue was built in 2018 and last sold on Jan 1, 1970 for $1,685,000.
How much is this home worth?
The estimated value of the home located at 11 James Avenue is $1,740,608.
What are some comparable homes to 11 James Avenue?
There are currently no comparable homes to 11 James Avenue.
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