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Newton 02464 Newton Upper Falls
1160 Chestnut
$550,000
● House - Off Market

1160 Chestnut

Newton, MA 02464
bedrooms
2 Beds
bathrooms
1 Bath
square feet
944 Ft²
$842,461
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Huge price reduction! Well cared for cottage style home in an outstanding Upper Falls location. Some of this homes features include hardwood flooring, Beautiful gumwood moldings, full basement, and as an added bonus full front to back walk up attic with potential for future rooms! This home is located across from a park/playground, with dog walk, and tennis courts. Directly on the bus rte, and steps from the green line T station, rte 9, 128 highway, and bordering the Needham line.
Unit Size
944 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$603
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #72321226)

Price History

Date / Event Date Event Price
Jul 17, 2018 Sold
Premium
Sold
May 4, 2018 Listed by Century 21 North East $569,000
Listed by Century 21 North East

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • 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: 7
  • Basement Area: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,300
  • Total Building Area: 2,383
  • Gross Building Area: 3,720
  • Building Area: 2,383
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,383
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374100

Zoning

  • Zoning: MR1

Geography

  • Account Number: 51040 0026
  • District: 207
  • Parcel: NEWT S:51 B:040 L:0026
  • Block: 40
  • Lot: 26
  • Municipality: NEWTON
  • Latitude: 42.3096
  • Longitude: -71.2232

    Address

  • Full Address: 1160 Chestnut St
  • Address - House Number: 1160
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton Upper Falls
  • Carrier Code: C093
  • 4-Digit Zip Code: 1309
  • Zip Code: 02464

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,219,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,311,624
  • High Value: 1,539,850
  • Low Value: 1,083,397

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,249,200
  • Assessed Land Value: $690,900
  • Assessed Improvements Value: $558,300

    Sales

  • Current Sale Recording Date: Jul 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 106408
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 Newton Upper Falls

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2474 ft²

Average Home Age

58.4 years

Currently For Sale

10 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: 5 months ago
Data Source: MLS PIN, MLS# 72321226

Frequently Asked Questions

When was property at 1160 Chestnut Street built and last sold?
The property at 1160 Chestnut Street was built in 1900 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 1160 Chestnut Street is $573,489.
What are some comparable homes to 1160 Chestnut Street?
There are currently no comparable homes to 1160 Chestnut Street.
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