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Needham 02492
12 Lois Ln
$1,249,000
● House - Off Market

12 Lois Ln

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,572 Ft²
$1,245,770
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

In the coveted neighborhood of Birds Hill, situated in a large cul-de-sac, this charming and well cared for 4 bedroom 2.5  bath home sits in a park-like setting with over 10,000 sq. ft of level land. The first floor offers a spacious floor plan including a wonderful  eat in kitchen with a seating area and access to the outdoors, a  formal dining room, sunny living room and generous sized family room addition with access to the deck and yard. The second level primary suite is private with an en-suite bath and walk in closet. Three additional bedrooms complete this level. Wood burning Fireplaces in both living and family rooms,  1-car garage parking and 3 outdoor spaces. The popular Broadmeadow School is just a few blocks away, as well as the commuter rail and highway access making this home a true gem.
Unit Size
2,572 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$486
Property Type
House
Property Taxes
$907
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73110012)

Price History

Date / Event Date Event Price
Jul 25, 2023 Sold
Premium
Sold
May 20, 2023 In contract -
In contract
May 10, 2023 Listed by Coldwell Banker Realty - Brookline $1,249,000
Listed by Coldwell Banker Realty - Brookline
Apr 1, 1986 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 690
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,266
  • Gross Building Area: 2,956
  • Building Area: 2,266
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,266
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000230
  • 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:016.0 B:0034 L:0000.0
  • Block: 34
  • Municipality: NEEDHAM
  • Latitude: 42.2803
  • Longitude: -71.2052

    Address

  • Full Address: 12 Lois Ln
  • Address - House Number: 12
  • Address - Street Name: Lois
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Needham
  • Carrier Code: C021
  • 4-Digit Zip Code: 4422
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,162,300

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,270,891
  • High Value: 1,489,191
  • Low Value: 1,052,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $891,300
  • Assessed Land Value: $589,200
  • Assessed Improvements Value: $302,100

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Jul 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47262
  • Previous Sale Recording Date: Apr 01, 1986
  • Previous Sale Amount: $212,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73110012

Frequently Asked Questions

When was property at 12 Lois Lane built and last sold?
The property at 12 Lois Lane was built in 1954 and last sold on Jul 25, 2023 for $1,249,000.
How much is this home worth?
The estimated value of the home located at 12 Lois Lane is $1,269,304.
What are some comparable homes to 12 Lois Lane?
There are currently no comparable homes to 12 Lois Lane.
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