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Needham 02492
112 Edgewater Drive
Photo of 112 Edgewater Drive

1

Map

$1,595,000
● House - Off Market

112 Edgewater Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
5,880 Ft²
$9,123
Est. Monthly

About This Property

Stunning contemporary home along the Charles River with 1.48 acres in a most desirable neighborhood. Quality design and construction provide an open & flexible floor plan with custom high-end details throughout. Four levels of extraordinary living space.Gourmet kitchen and family room with spectacular views.Dramatic master suite with private, fireplaced sitting room. A dream home in which luxury and comfort abound.
Unit Size
5,880 Ft²
Days on Market
-
Land Size
1.48 acres
Price per sqft
$271
Property Type
House
Property Taxes
$1,291
HOA Dues
-
Year Built
1961

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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: 2 months ago (MLSPIN #71191713)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed by Coldwell Banker Residential Brokerage - Needham $1,999,000
Listed by Coldwell Banker Residential Brokerage - Needham
Jul 27, 2016 Sold
Premium
Sold
Dec 16, 2014 Sold
Premium
Sold
Jul 16, 2014 Listed by Coldwell Banker Residential Brokerage - Needham $1,468,000
Listed by Coldwell Banker Residential Brokerage - Needham
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2009
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • 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: 2,242
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,469
  • Total Building Area: 5,802
  • Gross Building Area: 8,049
  • Building Area: 5,802
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,802
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001480
  • 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: 403300

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:201.0 B:0011 L:0000.0
  • Block: 11
  • Municipality: NEEDHAM
  • Latitude: 42.2645
  • Longitude: -71.2203

    Address

  • Full Address: 112 Edgewater Dr
  • Address - House Number: 112
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2776
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,475,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,623,987
  • High Value: 3,067,906
  • Low Value: 2,180,068

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,898,500
  • Assessed Land Value: $734,500
  • Assessed Improvements Value: $1,164,000

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121487
  • Previous Sale Recording Date: Dec 16, 2014
  • Previous Sale Amount: $1,450,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

4309 ft²

Average Home Age

36.8 years

Currently For Sale

64 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 71191713

Frequently Asked Questions

When was property at 112 Edgewater Drive built and last sold?
The property at 112 Edgewater Drive was built in 1961 and last sold on Sep 20, 2021 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 112 Edgewater Drive is $2,057,022.
What are some comparable homes to 112 Edgewater Drive?
There are currently no comparable homes to 112 Edgewater Drive.
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