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Needham 02492
111 Newell Ave
$890,000
● House - Off Market

111 Newell Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,846 Ft²
$1,272,422
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

Meticulously well maintained 1920's Colonial in desirable Needham neighborhood has charming features throughout.  Renovated/expanded 1st floor kitchen, dining and mud room; 2nd floor addition of 3 bedrooms and full bath; replacement windows, high efficiency furnace and heating system, roof; patio and stone wall leading to landscaped backyard with native New England gardens.  Great location less than a half mile from town center, commuter rail, shopping, restaurants and many area amenities including new Williams Elementary School.
Unit Size
1,846 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$482
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
1920

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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 #72574385)

Price History

Date / Event Date Event Price
Dec 16, 2019 Sold
Premium
Sold
Oct 3, 2019 Listed by Coldwell Banker Residential Brokerage - Needham $890,000
Listed by Coldwell Banker Residential Brokerage - Needham
Sep 13, 1985 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1998
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,080
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 1,816
  • Gross Building Area: 2,896
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:131.0 B:0025 L:0000.0
  • Block: 25
  • Municipality: NEEDHAM
  • Latitude: 42.2813
  • Longitude: -71.245

    Address

  • Full Address: 111 Newell Ave
  • Address - House Number: 111
  • Address - Street Name: Newell
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1802
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,125,000

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,227,681
  • High Value: 1,435,377
  • Low Value: 1,019,985

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $862,700
  • Assessed Land Value: $532,800
  • Assessed Improvements Value: $329,900

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 118413
  • Previous Sale Recording Date: Sep 13, 1985
  • Previous Sale Amount: $153,000
  • 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

3996 ft²

Average Home Age

38.3 years

Currently For Sale

70 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# 72574385

Frequently Asked Questions

When was property at 111 Newell Avenue built and last sold?
The property at 111 Newell Avenue was built in 1920 and last sold on Dec 5, 2019 for $890,000.
How much is this home worth?
The estimated value of the home located at 111 Newell Avenue is $908,858.
What are some comparable homes to 111 Newell Avenue?
There are currently no comparable homes to 111 Newell Avenue.
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