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Needham 02494
11 Wellesley Ave.
$500,001
● House - Off Market

11 Wellesley Ave.

Needham, MA 02494
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,162 Ft²
$958,533
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

Lovingly cared for single family with in-law apartment w separate entrance on a great, level 20,000+ foot lot in the Eliot school district. This home has an expanded living room and dining room with a lovely bay window. The home has potential for au pair live-in quarters or incorporate extra space into your living area. A deck off the kitchen for summer grilling. Parking for up to four cars. The lot has mature trees and plantings. House is set back on the lot. Builders take notice; this home has an extra large lot, yielding large FAR, and there are many other large, newer homes on the street.over 20,000 sq ft of land with 100 foot frontage, To View, park in driveway to right of house or on Wellesley Ave.
Unit Size
2,162 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$243
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
1904

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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 #71620431)

Price History

Date / Event Date Event Price
Apr 7, 2014 Sold
Premium
Sold
Jan 7, 2014 Listed by Keller Williams Realty $525,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1997
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,162
  • Gross Building Area: 3,226
  • Building Area: 2,162
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,162
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • 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:090.0 B:0013 L:0000.0
  • Block: 13
  • Municipality: NEEDHAM
  • Latitude: 42.3072
  • Longitude: -71.2453

    Address

  • Full Address: 11 Wellesley Ave
  • Address - House Number: 11
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1839
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,041,000

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,161,933
  • High Value: 1,357,296
  • Low Value: 966,571

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $798,300
  • Assessed Land Value: $496,900
  • Assessed Improvements Value: $301,400

    Sales

  • Current Sale Recording Date: Apr 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25042
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# 71620431

Frequently Asked Questions

When was property at 11 Wellesley Avenue built and last sold?
The property at 11 Wellesley Avenue was built in 1904 and last sold on Jan 1, 1970 for $500,001.
How much is this home worth?
The estimated value of the home located at 11 Wellesley Avenue is $528,738.
What are some comparable homes to 11 Wellesley Avenue?
There are currently no comparable homes to 11 Wellesley Avenue.
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