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Needham 02492
138 Forest St
$595,000
● Land - Off Market

138 Forest St

Needham, MA 02492
bedrooms
Studio
bathrooms
0 Bath
$865,383
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

Opportunity knocks!!!  Build your dream home on this fantastic 11,000+ square foot lot. This property is conveniently located close to the fantastic Volante Farms making it easy to grab a quick pre-made dinner or gourmet sandwich for lunch on your way home or to cool off at their ice cream stand with a cone on a hot summer day.  This is a fantastic commuting location as well with easy access to major roadways and only being 1.2 miles from the Needham Heights Commuter Rail station.  A mere 1 mile from the brand new, state of the art Williams Elementary School, it's hard to imagine living any place else.  Seller has already had the property surveyed/staked and has recorded an order of conditions with the Norfolk County Registry of Deeds.  Welcome home!!
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$594
HOA Dues
-
Year Built
1964

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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 #72623108)

Price History

Date / Event Date Event Price
Apr 30, 2020 Sold
Premium
Sold
Feb 24, 2020 Listed by Keller Williams Realty $625,000
Listed by Keller Williams Realty
May 1, 1990 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,012
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,104
  • Gross Building Area: 2,116
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    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: 403400

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:111.0 B:0040 L:0000.0
  • Block: 40
  • Municipality: NEEDHAM
  • Latitude: 42.294
  • Longitude: -71.2564

    Address

  • Full Address: 138 Forest St
  • Address - House Number: 138
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C017
  • 4-Digit Zip Code: 1325
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $837,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 919,365
  • High Value: 1,061,756
  • Low Value: 776,975

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $642,200
  • Assessed Land Value: $471,900
  • Assessed Improvements Value: $170,300

    Sales

  • Current Sale Contract Date: Apr 16, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1444919
  • Previous Sale Recording Date: May 01, 1990
  • Previous Sale Amount: $197,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72623108

Frequently Asked Questions

When was property at 138 Forest Street built and last sold?
The property at 138 Forest Street was built in 1964 and last sold on Apr 16, 2020 for $595,000.
How much is this home worth?
The estimated value of the home located at 138 Forest Street is $631,250.
What are some comparable homes to 138 Forest Street?
There are currently no comparable homes to 138 Forest Street.
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