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Newton 02464 Newton Upper Falls
12 Spring Street
$649,000
● House - Off Market

12 Spring Street

Newton, MA 02464
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,326 Ft²
$3,617
Est. Monthly

About This Property

AMAZING PRICE FOR THIS LOCATION! Located in the Newton Upper Falls Historic district is this 3 bedroom, 2 full bath Colonial/Greek Revival home looking for the right buyer to put in some sweat equity!  Main level bedroom/family room, updated kitchen and walk out to private backyard space. Sunny, open floor plan blends the living room, dining room and eat-in kitchen. 2 staircases and separate den (unheated). Main level laundry room. Upstairs are 2 bedrooms and 2 full baths. This home used to be a 2-family, current use as single family, but new owner could create an accessory apartment with owner occupancy.  Basement with updated Buderus furnace, roof 2009. Minutes to Route 9, commuter rail, shops, restaurants. Come make this one your own in a great Newton location!
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$489
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1840

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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 #73172294)

Price History

Date / Event Date Event Price
Feb 12, 2024 Sold
Premium
Sold
Jan 30, 2024 In contract -
In contract
Jan 17, 2024 Relisted $649,000
Relisted
Jan 12, 2024 In contract -
In contract
Nov 29, 2023 Relisted $325,000
Relisted
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1840
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 31
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 300
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,095
  • Total Building Area: 1,326
  • Gross Building Area: 2,063
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374100

Zoning

  • Zoning: MR1

Geography

  • Account Number: 51005 0004
  • District: 207
  • Parcel: NEWT S:51 B:005 L:0004
  • Block: 5
  • Lot: 4
  • Municipality: NEWTON
  • Latitude: 42.315
  • Longitude: -71.2242

    Address

  • Full Address: 12 Spring St
  • Address - House Number: 12
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton Upper Falls
  • Carrier Code: C095
  • 4-Digit Zip Code: 1108
  • Zip Code: 02464

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $542,100

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 645,958
  • High Value: 695,950
  • Low Value: 595,967

    Assessments Valuation

  • Assessed Year: 2024

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14288
  • Previous Sale Recording Date: May 28, 2009
  • Previous Sale Amount: $325,000
  • 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 Newton Upper Falls

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$542

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2365 ft²

Average Home Age

69.5 years

Currently For Sale

10 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# 73172294

Frequently Asked Questions

When was property at 12 Spring Street built and last sold?
The property at 12 Spring Street was built in 1840 and last sold on Feb 8, 2024 for $649,000.
How much is this home worth?
The estimated value of the home located at 12 Spring Street is $657,674.
What are some comparable homes to 12 Spring Street?
There are currently no comparable homes to 12 Spring Street.
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