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Needham 02492
1302 South Street
$2,180,000
● House - Off Market

1302 South Street

Needham, MA 02492
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,743 Ft²
$3,815,151
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Spectacularly renovated and expanded in 2012, this 5-bedroom property features the benefits of new construction and modern luxuries with the warmth and character of a classic country retreat.  Set on over 1.3 acres, the home is highlighted by a stunning award-nominated chef's kitchen (as seen on TV ads) with eat-in pub style seating that opens onto a fireplaced family lounge.  The sunlit master suite indulges with double dressing room and his/her bathrooms. Countless finish details were well thought out and meticulously executed.  Surrounded by mature trees, the house and setting together offer a serene and private home.
Unit Size
5,743 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$383
Property Type
House
Property Taxes
$1,645
HOA Dues
-
Year Built
1941

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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 #71826457)

Price History

Date / Event Date Event Price
Jun 1, 2018 Sold
Premium
Sold
Jul 29, 2017 Listed by Hawthorn Properties $2,058,000
Listed by Hawthorn Properties
Jul 13, 2015 Sold
Premium
Sold
Apr 29, 2015 Listed by Hawthorn Properties $2,199,000
Listed by Hawthorn Properties
Nov 18, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 2012
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 1,738
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,628
  • Total Building Area: 4,681
  • Gross Building Area: 6,419
  • Building Area: 4,681
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,681
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001300
  • 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:209.0 B:0007 L:0000.0
  • Block: 7
  • Municipality: NEEDHAM
  • Latitude: 42.26
  • Longitude: -71.2592

    Address

  • Full Address: 1302 South St
  • Address - House Number: 1302
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2728
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,660,700

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,863,188
  • High Value: 3,297,064
  • Low Value: 2,429,312

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,040,400
  • Assessed Land Value: $734,400
  • Assessed Improvements Value: $1,306,000

    Sales

  • Current Sale Recording Date: Jun 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44583
  • Previous Sale Recording Date: Jul 13, 2015
  • Previous Sale Amount: $2,180,000
  • Previous Sale Document Type: O

    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 Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 years

Currently For Sale

66 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# 71826457

Frequently Asked Questions

When was property at 1302 South Street built and last sold?
The property at 1302 South Street was built in 1941 and last sold on Jan 1, 1970 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 1302 South Street is $2,082,418.
What are some comparable homes to 1302 South Street?
There are currently no comparable homes to 1302 South Street.
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