$860,000
●
Condo -
Off Market
12 Denmark Lane #12
Needham, MA 02492
2 Beds
2 Baths,
1
Half Bath
1,640 Ft²
$5,243
Est. Monthly
$652
HOA / Fees
2.45%
Cap Rate
About This Property
Rarely Available End Unit in Denmark Lane! A Fabulous Needham
Center Location! This bright and sunny 2 bedroom 2.5 bath unit has
many updates. Eat in Kitchen with lots of cabinetry, stainless
steel appliances and recessed lights. Nice size dining area opens
to a lovely living room with fireplace and sliders leading to a
private deck and small yard. Hardwood floors throughout, Nice
Size bedrooms, master with private master bath and office area.
Full Size washer and dryer on 2nd floor, good size cosets.Bonus of
a finished room in the basement with newer carpet and recessed
lights. Very well managed complex. This downtown location is close
to shops, restaurants and Commuter Rail. Pets are allowed!
Unit Size
1,640 Ft²
Days on Market
-
Land Size
-
Price per sqft
$487
Property Type
Condo
Property Taxes
$667
HOA Dues
$652
Year Built
1981
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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 years ago (MLSPIN #73356907)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Apr 11, 2025 | In contract | - | |
| In contract | |||
| Apr 9, 2025 | Listed | $799,000 | |
| Listed | |||
| Sep 8, 2014 | Sold | ||
| Sold | |||
| May 15, 2014 | Listed by William Raveis R.E. & Home Services | $545,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
|
Bright, 2 bedroom/ 2.5 bath end unit in superb Needham Center location. Custom granite and maple kitchen includes wine frig. Fireplaced living room has sliders to large, private deck with retractable awning. Laundry on second floor. Bonus room in basement as well as generous storage. Covered parking! Close to train, shops, restaurants! Pets okay!
| |||
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Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Carport
Has Open Parking
Parking Features: Carport, Off Street, Deeded, Paved
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Recessed Lighting, Play Room, Internet Available - Broadband
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
Door Features: Insulated Doors
Laundry Features: In Unit, Second Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 1640
Year Built Source: Public Records
Year Built: 1981
Building Name: Denmark Lane
Building Area Total: 1640
Other Structures: Workshop
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Stone
Patio and Porch Features: Deck, Patio, Deck - Wood, Deck - Access Rights
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $755,600
Tax Annual Amount: $8,009
Utilities Details
Cooling Type: Central Air, Heat Pump, Individual
Heating Type: Forced Air, Heat Pump, Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Reserve Funds
HOA Fee: $652
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/09/2025
|
2 Bed
|
2 Bath
|
1640 ft²
|
$799,000
2 Bed
2 Bath
1640 ft²
|
$860,000
+7.63%
05/19/2025
|
Maureen Steverman
William Raveis R.E. & Home Services
| |
|
05/15/2014
|
2 Bed
|
3 Bath
|
2082 ft²
|
$545,000
2 Bed
3 Bath
2082 ft²
|
$491,800
-9.76%
09/08/2014
|
Deborah Geheran
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
11/26/2004
|
3 Bed
|
2 Bath
|
1600 ft²
|
$574,900
3 Bed
2 Bath
1600 ft²
|
$565,000
-1.72%
01/27/2005
|
Joe Sweeney
EXACT Real Estate
|
Building Info
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