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Newton 02458 Newton Corner
128 Grasmere St
$1,270,000
● House - Off Market

128 Grasmere St

Newton, MA 02458
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,710 Ft²
$2,102,333
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Fantastic opportunity to move into desirable Hunnewell Hill. The first floor has a living and family room connected by original double pocket doors, a gracious dining room with fireplace.  The sun-filled renovated kitchen has high end appliances, expansive soap stone counters and island, generous eating area and large desk open to the outdoor patio and yard.  The second floor master suite is large and bright with ample closet space and renovated bath with double sinks and a steam shower.  Two additional bedrooms, full bath and laundry room complete the second floor.  The third floor apartment has a kitchen, family room, bedroom and bath.  This is a legal 2 family!  Walk to commuter bus and schools, minutes to Boston and Logan Airport.
Unit Size
3,710 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$364
Property Type
House
Property Taxes
$1,150
HOA Dues
-
Year Built
1886

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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: 5 months ago (MLSPIN #72154457)

Price History

Date / Event Date Event Price
Sep 7, 2017 Sold
Premium
Sold
Apr 27, 2017 Listed by Compass $1,349,000
Listed by Compass
Jun 14, 1999 Sold
Premium
Sold
Mar 10, 1999 Listed by Compass $649,000
Listed by Compass

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1886
  • Effective Year Built: 1886
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 23
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,657
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,458
  • Total Building Area: 3,654
  • Gross Building Area: 6,479
  • Building Area: 3,654
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,654
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373100

Zoning

  • Zoning: SR3

Geography

  • Account Number: 71029 0010
  • District: 207
  • Parcel: NEWT S:71 B:029 L:0010
  • Block: 29
  • Lot: 10
  • Municipality: NEWTON
  • Latitude: 42.3549
  • Longitude: -71.1754

    Address

  • Full Address: 128 Grasmere St
  • Address - House Number: 128
  • Address - Street Name: Grasmere
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton
  • Carrier Code: C023
  • 4-Digit Zip Code: 2235
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,705,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2334
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 1,807,563
  • High Value: 2,229,549
  • Low Value: 1,385,576

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,747,100
  • Assessed Land Value: $913,800
  • Assessed Improvements Value: $833,300

    Sales

  • Current Sale Recording Date: Sep 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 144945
  • Previous Sale Recording Date: Jun 14, 1999
  • Previous Sale Amount: $620,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Corner

Stats & Trends

Median Asking:

$1,350,000

Sale Price/ft²

$543

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2830 ft²

Average Home Age

80.2 years

Currently For Sale

28 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$2,805 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72154457

Frequently Asked Questions

When was property at 128 Grasmere Street built and last sold?
The property at 128 Grasmere Street was built in 1886 and last sold on Jan 1, 1970 for $1,270,000.
How much is this home worth?
The estimated value of the home located at 128 Grasmere Street is $1,383,317.
What are some comparable homes to 128 Grasmere Street?
There are currently no comparable homes to 128 Grasmere Street.
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