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Needham 02494
111 Hoover Road
$810,000
● House - Off Market

111 Hoover Road

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$1,395,824
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Move-in condition 4 bedroom Cape. Sought after location convenient to shops, schools and train.  Many upgrades include:  2 year old  granite kitchen and tiled baths, updated furnace, central air, new windows, whirlpool, steam shower and fantastic deck overlooking large level yard.  Terrific first floor has living room with fireplace, kitchen opened to dining room, TV room,and 1st floor bedroom adjacent to full bath.  Finished lower level with office and playroom. Tastefully decorated & sparkles throughout.  Two garages (second garage heated with storage room).   Showings start at Open House 1-3 Saturday and Sunday.  Offers presented at 4PM on Sunday.  August first closing preferred.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$385
Property Type
House
Property Taxes
$646
HOA Dues
-
Year Built
1940

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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 #71644012)

Price History

Date / Event Date Event Price
Jun 16, 2014 Sold
Premium
Sold
Mar 12, 2014 Listed by Louise Condon Realty $769,000
Listed by Louise Condon Realty
Feb 28, 2003 Sold
Premium
Sold
Dec 13, 2002 Listed by Louise Condon Realty $599,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1998
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 816
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,716
  • Gross Building Area: 2,532
  • Building Area: 1,716
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,716
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM ACRES
  • Land Acres: 0000000220
  • 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:061.0 B:0067 L:0000.0
  • Block: 67
  • Municipality: NEEDHAM
  • Latitude: 42.2911
  • Longitude: -71.23

    Address

  • Full Address: 111 Hoover Rd
  • Address - House Number: 111
  • Address - Street Name: Hoover
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1533
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,170,900

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,283,778
  • High Value: 1,501,404
  • Low Value: 1,066,152

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $897,900
  • Assessed Land Value: $549,300
  • Assessed Improvements Value: $348,600

    Sales

  • Current Sale Recording Date: Jun 16, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46914
  • Previous Sale Recording Date: Feb 28, 2003
  • Previous Sale Amount: $599,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 71644012

Frequently Asked Questions

When was property at 111 Hoover Road built and last sold?
The property at 111 Hoover Road was built in 1940 and last sold on Jan 1, 1970 for $810,000.
How much is this home worth?
The estimated value of the home located at 111 Hoover Road is $786,802.
What are some comparable homes to 111 Hoover Road?
There are currently no comparable homes to 111 Hoover Road.
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