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Needham 02492
123 Elmwood Rd
$759,000
● House - Off Market

123 Elmwood Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,345 Ft²
$1,186,957
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Classic center entrance Colonial on an 11,761 square foot lot in a quiet, Broadmeadow School neighborhood.  Home features 1,345 square feet of living space with three bedrooms and one and a half baths. Highlights include hardwood floors throughout, a screen porch, a one car garage and potential for finished space in the lower level.  Home has been well cared for over the years and is ready for a new beginning with another Needham family.
Unit Size
1,345 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$564
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
2018

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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 #72225073)

Price History

Date / Event Date Event Price
Mar 15, 2018 Sold
Premium
Sold
Nov 17, 2017 Sold
Premium
Sold
Sep 7, 2017 Listed by Hawthorn Properties $759,000
Listed by Hawthorn Properties

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,473
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 3,933
  • Gross Building Area: 5,406
  • Building Area: 3,933
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,933
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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:006.0 B:0023 L:0000.0
  • Block: 23
  • Municipality: NEEDHAM
  • Latitude: 42.2751
  • Longitude: -71.2088

    Address

  • Full Address: 123 Elmwood Rd
  • Address - House Number: 123
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 4541
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,125,500

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,208,446
  • High Value: 2,550,488
  • Low Value: 1,866,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,630,000
  • Assessed Land Value: $583,600
  • Assessed Improvements Value: $1,046,400

    Sales

  • Current Sale Recording Date: Mar 15, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1396959
  • Previous Sale Recording Date: Nov 17, 2017
  • Previous Sale Amount: $759,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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# 72225073

Frequently Asked Questions

When was property at 123 Elmwood Road built and last sold?
The property at 123 Elmwood Road was built in 2018 and last sold on Jan 1, 1970 for $759,000.
How much is this home worth?
The estimated value of the home located at 123 Elmwood Road is $768,623.
What are some comparable homes to 123 Elmwood Road?
There are currently no comparable homes to 123 Elmwood Road.
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