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Needham 02492
121 Pine Street
$950,000
● House - Off Market

121 Pine Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,000 Ft²
$1,514,719
RealtyHop Estimate
59.61%
Since May 1, 2017
MA-Boston
Primary Model

About This Property

Nature lover's paradise – two acres of privacy! Expanded three-bedroom, center-chimney Cape. Family room, dining room, kitchen, and second-floor bath have big forest views through huge true-divide windows. Wooded lot abuts conservation land with miles of connecting trails through Ridge Hill Reservation and Wellesley parkland. Three full new baths. Two fireplaces. Two-car garage. 2013 gourmet kitchen with cherry floors, honed granite counters, Shaker cabinets, stainless appliances including propane cooktop. The 2006 family room features pocket French doors, a plethora of floor-to-ceiling built-in bookcases, and a handmade arched window. The vaulted-ceiling vestibule leads to beamed living room and dining room. One bedroom is possible au-pair suite with separate entrance. Newman School district.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$475
Property Type
House
Property Taxes
$765
HOA Dues
-
Year Built
1950

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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 #72108313)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Apr 27, 2017 Sold
Premium
Sold
Jan 13, 2017 Listed by RE/MAX Home Team $949,000
Listed by RE/MAX Home Team
Feb 27, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,148
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,840
  • Gross Building Area: 2,952
  • Building Area: 1,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • 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: SRA

Geography

  • Parcel: NEED M:215.0 B:0014 L:0000.0
  • Block: 14
  • Municipality: NEEDHAM
  • Latitude: 42.2691
  • Longitude: -71.2716

    Address

  • Full Address: 121 Pine St
  • Address - House Number: 121
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C018
  • 4-Digit Zip Code: 1033
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,423,400

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,426,976
  • High Value: 1,672,087
  • Low Value: 1,181,865

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,091,600
  • Assessed Land Value: $799,600
  • Assessed Improvements Value: $292,000

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28493
  • Previous Sale Recording Date: Apr 27, 2017
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: O

    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

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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# 72108313

Frequently Asked Questions

When was property at 121 Pine Street built and last sold?
The property at 121 Pine Street was built in 1950 and last sold on May 12, 2023 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 121 Pine Street is $969,316.
What are some comparable homes to 121 Pine Street?
There are currently no comparable homes to 121 Pine Street.
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