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Needham 02494
11 Mark Lee Rd.
Photo of 11 Mark Lee Rd.
Sold on Mar 29, 2007

1

Map

$625,000
● House - Off Market

11 Mark Lee Rd.

Needham, MA 02494
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,071 Ft²
$1,225,030
RealtyHop Estimate
88.76%
Since Apr 1, 2007
MA-Boston
Primary Model

About This Property

LOCATION, CONDITION, PRICE! There's room for everybody in this updated 4BR 3BA home on level 11K sf lot, featuring beautiful granite and maple eat-in kitchen, updated baths, formal dining room and 2 car garage. Huge in-law or au pair suite on the lower level with full bath, kitchen, family room and bedroom. Newer roof, windows and systems complete the package. Extremely motivated seller!
Unit Size
2,071 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$313
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70453244)

Price History

Date / Event Date Event Price
Mar 29, 2007 Sold
Premium
Sold
Sep 7, 2006 Listed $649,000
Listed
Jul 10, 1990 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1999
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,444
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,488
  • Gross Building Area: 2,932
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000270
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:069.0 B:0021 L:0000.0
  • Block: 21
  • Municipality: NEEDHAM
  • Latitude: 42.2949
  • Longitude: -71.2329

    Address

  • Full Address: 11 Mark Lee Rd
  • Address - House Number: 11
  • Address - Street Name: Mark Lee
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1610
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,120,100

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,183,818
  • High Value: 1,382,860
  • Low Value: 984,775

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $859,000
  • Assessed Land Value: $554,400
  • Assessed Improvements Value: $304,600

    Sales

  • Current Sale Recording Date: Mar 29, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 140517
  • Previous Sale Recording Date: Jul 10, 1990
  • Previous Sale Amount: $50,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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# 70453244

Frequently Asked Questions

When was property at 11 Mark Lee Road built and last sold?
The property at 11 Mark Lee Road was built in 1973 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 11 Mark Lee Road is $678,212.
What are some comparable homes to 11 Mark Lee Road?
There are currently no comparable homes to 11 Mark Lee Road.
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