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Needham 02492
1169 South St
$865,000
● House - Off Market

1169 South St

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,240 Ft²
$1,154,127
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Rare opportunity to purchase a home with an exclusive address...South Street in Needham!      Set back from the road, the house sits on over 2 acres of land and is surrounded by million dollar + homes.      This colonial home is ready for your updates or renovation ideas to make it your own. Inside you'll find an open country kitchen that includes a dining area, first floor bedroom or office and three large second floor bedrooms.  There's a walking trail at the back of the property to walk the dog or go for a jog. Minutes to town, train and highways. Great curb appeal.  A must see property!
Unit Size
2,240 Ft²
Days on Market
-
Land Size
2.15 acres
Price per sqft
$348
Property Type
House
Property Taxes
$768
HOA Dues
-
Year Built
1981

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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 #72328199)

Price History

Date / Event Date Event Price
Jul 13, 2018 Sold
Premium
Sold
May 16, 2018 Listed by Imagine Realty LLC $779,500
Listed by Imagine Realty LLC
May 1, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 2000
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 93,654
  • Total Building Area: 2,240
  • Gross Building Area: 3,104
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002150
  • 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:211.0 B:0001 L:0002.0
  • Block: 1
  • Lot: 2.0
  • Municipality: NEEDHAM
  • Latitude: 42.2624
  • Longitude: -71.2539

    Address

  • Full Address: 1169 South St
  • Address - House Number: 1169
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2729
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,093,700

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,293,831
  • High Value: 1,512,718
  • Low Value: 1,074,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $838,700
  • Assessed Land Value: $567,700
  • Assessed Improvements Value: $271,000

    Sales

  • Current Sale Recording Date: Jul 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59852
  • Previous Sale Recording Date: May 01, 2018
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: O

    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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4119 ft²

Average Home Age

39.5 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: 5 months ago
Data Source: MLS PIN, MLS# 72328199

Frequently Asked Questions

When was property at 1169 South Street built and last sold?
The property at 1169 South Street was built in 1981 and last sold on Jan 1, 1970 for $865,000.
How much is this home worth?
The estimated value of the home located at 1169 South Street is $813,496.
What are some comparable homes to 1169 South Street?
There are currently no comparable homes to 1169 South Street.
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