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Needham 02494
12 Ledge Street
$360,000
● House - Off Market

12 Ledge Street

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$775,811
RealtyHop Estimate
89.68%
Since Nov 1, 2013
MA-Boston
Primary Model

About This Property

Opportunity to buy a small home on a quiet side street. This home needs updating but can be renovated or remodeled as a nice starter home.The front entry porch and a paneled den in the rear offer private sitting areas.  Nice location, convenient to bus transportation and easy access. to major travel routes.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$304
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1914

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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 #71570338)

Price History

Date / Event Date Event Price
Apr 10, 2014 Sold
Premium
Sold
Nov 28, 2013 Listed by Louise Condon Realty $480,000
Listed by Louise Condon Realty
Oct 11, 2013 Sold
Premium
Sold
Aug 15, 2013 Listed by Louise Condon Realty $409,000
Listed by Louise Condon Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1997
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,344
  • Gross Building Area: 2,016
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:081.0 B:0025 L:0000.0
  • Block: 25
  • Municipality: NEEDHAM
  • Latitude: 42.3135
  • Longitude: -71.2292

    Address

  • Full Address: 12 Ledge St
  • Address - House Number: 12
  • Address - Street Name: Ledge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C050
  • 4-Digit Zip Code: 3109
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $771,200

    Appraisal Valuation

  • Standard Deviation: 0.1502
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 848,100
  • High Value: 975,556
  • Low Value: 720,643

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $591,400
  • Assessed Land Value: $392,600
  • Assessed Improvements Value: $198,800

    Sales

  • Current Sale Recording Date: Apr 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26102
  • Previous Sale Recording Date: Oct 11, 2013
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: 35

    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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71570338

Frequently Asked Questions

When was property at 12 Ledge Street built and last sold?
The property at 12 Ledge Street was built in 1914 and last sold on Jan 1, 1970 for $477,500.
How much is this home worth?
The estimated value of the home located at 12 Ledge Street is $495,413.
What are some comparable homes to 12 Ledge Street?
There are currently no comparable homes to 12 Ledge Street.
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