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Needham 02492
1346 South Street
$969,500
● House - Off Market

1346 South Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,763 Ft²
$1,115,674
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

Opportunity knocks! ATTENTION BUILDERS, DEVELOPERS. Commercial/Business or Residential parcel improved with a huge detached two car garage and a single family home. Could potentially be anything from business uses to a single family home or two units. Located at the intersection of Charles River Street and on the Dover line. The beautiful Charles River, about 500 hundred feet away, has canoe, kayak, and boat launch area with parking right there along with the start of Needham's Rail Trail at historic Redwing Bay on the Charles. Wonderful neighborhood amenities. Any potential buyer/developer is being advised to complete your due diligence. Don't wait on this one! Passing Title V in hand.  Property on plot plan is Lots 5 & 6 town assessors plan number 209.
Unit Size
1,763 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$561
Property Type
House
Property Taxes
$1,227
HOA Dues
-
Year Built
1965

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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 years ago (MLSPIN #72891899)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by Keller Williams Realty $989,000
Listed by Keller Williams Realty
May 31, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,763
  • Gross Building Area: 1,763
  • Building Area: 1,763
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,763
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: O
  • Land Acres: 0000000200
  • Standard Land Use Code: 3003
  • County Land Use Code: 340

Neighborhood

  • School District Name: Needham School District
  • School Tax School District: NEEDHAM SD
  • Census Tract: 403300

Zoning

  • Zoning: NB

Geography

  • Parcel: NEED M:209.0 B:0005 L:0000.0
  • Block: 5
  • Municipality: NEEDHAM
  • Latitude: 42.2598
  • Longitude: -71.2613

    Address

  • Full Address: 1346 South St
  • Address - House Number: 1346
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2730
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,529,900
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $989,800
  • Assessed Land Value: $577,900
  • Assessed Improvements Value: $411,900

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 148922
  • Previous Sale Recording Date: May 31, 2001
  • Previous Sale Amount: $375,000
  • 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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

63

Average Home Size

4224 ft²

Average Home Age

37.6 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72891899

Frequently Asked Questions

When was property at 1346 South Street built and last sold?
The property at 1346 South Street was built in 1965 and last sold on Nov 23, 2021 for $969,500.
How much is this home worth?
The estimated value of the home located at 1346 South Street is $998,890.
What are some comparable homes to 1346 South Street?
There are currently no comparable homes to 1346 South Street.
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