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Needham 02492
120 Newell Avenue
$890,000
● House - Off Market

120 Newell Avenue

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,508 Ft²
$938,306
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity to bring the sparkle back to this Dutch Style Colonial in highly desirable intown location. Comfortable living space features hardwood floors throughout. Large screened porch and open deck overlook private backyard.  Easy walking distance to downtown Needham shops, restaurants and commuter rail station. Popular Sunita Williams school district. Potential for renovation/expansion make this a project not to be missed!  Sellers prefer a late December closing, or an early closing with leaseback provision until then, if possible.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$580
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1920

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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 #73022397)

Price History

Date / Event Date Event Price
Nov 10, 2022 Sold
Premium
Sold
Aug 28, 2022 Listed by The Gatto Agency $875,000
Listed by The Gatto Agency
Jun 18, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1998
  • 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: 790
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,508
  • Gross Building Area: 2,298
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:131.0 B:0028 L:0000.0
  • Block: 28
  • Municipality: NEEDHAM
  • Latitude: 42.281
  • Longitude: -71.2445

    Address

  • Full Address: 120 Newell Ave
  • Address - House Number: 120
  • Address - Street Name: Newell
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1803
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $860,400

    Appraisal Valuation

  • Standard Deviation: 0.1546
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 957,460
  • High Value: 1,105,553
  • Low Value: 809,368

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $659,800
  • Assessed Land Value: $510,200
  • Assessed Improvements Value: $149,600

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96262
  • Previous Sale Recording Date: Jun 18, 1996
  • Previous Sale Amount: $146,250
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 73022397

Frequently Asked Questions

When was property at 120 Newell Avenue built and last sold?
The property at 120 Newell Avenue was built in 1920 and last sold on Nov 10, 2022 for $890,000.
How much is this home worth?
The estimated value of the home located at 120 Newell Avenue is $886,000.
What are some comparable homes to 120 Newell Avenue?
There are currently no comparable homes to 120 Newell Avenue.
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