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Needham 02492
118 Old Farm Rd
$1,490,000
● House - Off Market

118 Old Farm Rd

Needham, MA 02492
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,033 Ft²
$3,134,692
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

New Construction Home on nearly 1/2 acre lot in Broadmeadow area - just a short walk to train with easy access to Rt 128. This is truly a find! Rarely available new home by Master Builder with every quality detail. Hardwood with mahogany inlay, details galore - tray ceilings and double crown moldings, built-in Kitchen Aid frig, custom cabinets, gas heat and cooking! Triple glass slider to deck with golf course views - 5/6 bedrooms - a special place to call home.
Unit Size
5,033 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$306
Property Type
House
Property Taxes
$8,333,333
HOA Dues
-
Year Built
2012

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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 #71324328)

Price History

Date / Event Date Event Price
Jun 25, 2012 Sold
Premium
Sold
Jan 5, 2012 Listed by RE/MAX Leading Edge $1,539,000
Listed by RE/MAX Leading Edge
Jun 8, 2011 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 1
  • 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: 1,874
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 4,787
  • Gross Building Area: 6,661
  • Building Area: 4,787
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,787
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000430
  • 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:009.0 B:0048 L:0000.0
  • Block: 48
  • Municipality: NEEDHAM
  • Latitude: 42.2726
  • Longitude: -71.2125

    Address

  • Full Address: 118 Old Farm Rd
  • Address - House Number: 118
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C002
  • 4-Digit Zip Code: 4117
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,266,500

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,514,767
  • High Value: 2,904,251
  • Low Value: 2,125,282

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,738,100
  • Assessed Land Value: $595,500
  • Assessed Improvements Value: $1,142,600

    Sales

  • Current Sale Recording Date: Jun 25, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000007
  • Previous Sale Recording Date: Jun 08, 2011
  • Previous Sale Amount: $587,500
  • 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

0.02%

Average Days on Market

64

Average Home Size

4240 ft²

Average Home Age

38.9 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# 71324328

Frequently Asked Questions

When was property at 118 Old Farm Road built and last sold?
The property at 118 Old Farm Road was built in 2012 and last sold on Jan 1, 1970 for $1,490,000.
How much is this home worth?
The estimated value of the home located at 118 Old Farm Road is $1,551,336.
What are some comparable homes to 118 Old Farm Road?
There are currently no comparable homes to 118 Old Farm Road.
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