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Needham 02492
118 Aletha Road
$808,000
● House - Off Market

118 Aletha Road

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,832 Ft²
$1,204,448
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Look no further, this is the home for you!  Move right into this light & airy, updated Split entry level home located in the desirable Birds Hill neighborhood.  The professionally landscaped, private lot offers 2 patios and room for the included play set!  Open concept interior with many custom built-ins for easy living.  Kitchen w/maple cabinets, granite counter and stainless appliances is open to living and dining rooms.  Adjacent family room w/bamboo floor has access to both patios.  Three bedrooms and full bath complete the 1st floor.  Lower level has a carpeted playroom, full bath, laundry/utility room, mud room and access to two-car garage. Tastefully decorated throughout. Close to Perry Park, Broadmeadow School, MBTA and highways. Enjoy everything that the vibrant downtown area of Needham has to offer!
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$423
Property Type
House
Property Taxes
$700
HOA Dues
-
Year Built
1960

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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 #72204059)

Price History

Date / Event Date Event Price
Aug 29, 2017 Sold
Premium
Sold
Jul 26, 2017 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $775,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Apr 1, 2010 Sold
Premium
Sold
Jan 27, 2010 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $659,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Mar 30, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,152
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 1,399
  • Gross Building Area: 2,551
  • Building Area: 1,399
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,399
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN HOUSE
  • Land Acres: 0000000400
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:024.0 B:0041 L:0000.0
  • Block: 41
  • Municipality: NEEDHAM
  • Latitude: 42.2831
  • Longitude: -71.2154

    Address

  • Full Address: 118 Aletha Rd
  • Address - House Number: 118
  • Address - Street Name: Aletha
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 3944
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,128,400

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,225,619
  • High Value: 1,432,966
  • Low Value: 1,018,272

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $865,300
  • Assessed Land Value: $601,300
  • Assessed Improvements Value: $264,000

    Sales

  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1385271
  • Previous Sale Recording Date: Apr 01, 2010
  • Previous Sale Amount: $660,000
  • Previous Sale Document Type: 48
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72204059

Frequently Asked Questions

When was property at 118 Aletha Road built and last sold?
The property at 118 Aletha Road was built in 1960 and last sold on Jan 1, 1970 for $808,000.
How much is this home worth?
The estimated value of the home located at 118 Aletha Road is $793,621.
What are some comparable homes to 118 Aletha Road?
There are currently no comparable homes to 118 Aletha Road.
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