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Needham 02492
1245 South Street
Photo of 1245 South Street
Sold on Jun 22, 2007

1

Map

$605,000
● House - Off Market

1245 South Street

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,608 Ft²
$1,155,388
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Location is on one of Needham's most prestigious country streets. This centrally air-conditioned four bedroom home with two and a half baths boasts of having many updates.  The large, bright and sunny cherry and granite kitchen has views of the backyard and large deck, plus new heating system, roof and gutters.  The spacious fireplaced family room opens into the kitchen and deck. Two-car attached garage with automatic openers.
Unit Size
2,608 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$238
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1972

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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 #70564649)

Price History

Date / Event Date Event Price
Jun 22, 2007 Sold
Premium
Sold
Apr 24, 2007 Listed $619,900
Listed
Feb 3, 2003 Sold
Premium
Sold
Oct 24, 2002 Listed $599,000
Listed

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1999
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,568
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,136
  • Gross Building Area: 4,704
  • Building Area: 3,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,136
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000001000
  • 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: 403300

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:211.0 B:0003 L:0000.0
  • Block: 3
  • Municipality: NEEDHAM
  • Latitude: 42.2615
  • Longitude: -71.2572

    Address

  • Full Address: 1245 South St
  • Address - House Number: 1245
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2772
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,238,000

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,437,742
  • High Value: 1,660,418
  • Low Value: 1,215,066

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $949,400
  • Assessed Land Value: $455,000
  • Assessed Improvements Value: $494,400

    Sales

  • Current Sale Recording Date: Jun 22, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 101747
  • Previous Sale Recording Date: Feb 03, 2003
  • Previous Sale Amount: $540,000
  • 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:

$1,629,000

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# 70564649

Frequently Asked Questions

When was property at 1245 South Street built and last sold?
The property at 1245 South Street was built in 1972 and last sold on Jan 1, 1970 for $605,000.
How much is this home worth?
The estimated value of the home located at 1245 South Street is $663,379.
What are some comparable homes to 1245 South Street?
There are currently no comparable homes to 1245 South Street.
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