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Needham 02494
140 Hoover Rd
$875,000
● House - Off Market

140 Hoover Rd

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,035 Ft²
$1,443,364
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

Updated and well cared for expanded Cape in Mitchell School district.  First floor highlighted by a large, recently remodeled, eat in kitchen with granite countertops, custom cabinetry and stainless appliances including an induction cooktop.  Oversized mudroom, cozy living room with fireplace, den/fourth bedroom and recently renovated full bath complete first floor space.  Second floor features three spacious bedrooms with good closet space and a full bath.  Lower level has a family room, laundry and ample storage space.  Exterior is well maintained with a fenced, level yard with irrigation and a deck.  Other recent improvements include high velocity central air, conversion to high efficiency gas heating, and replacement of windows throughout the home.  Location is convenient to schools, shops, train and highway.
Unit Size
2,035 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$405
Property Type
House
Property Taxes
$716
HOA Dues
-
Year Built
1950

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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: 4 months ago (MLSPIN #71836479)

Price History

Date / Event Date Event Price
Nov 2, 2015 Sold
Premium
Sold
May 14, 2015 Listed by Hawthorn Properties $824,000
Listed by Hawthorn Properties
Feb 16, 2001 Sold
Premium
Sold
Nov 25, 2000 Listed by Hawthorn Properties $339,000
Listed by Hawthorn Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2006
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,010
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,035
  • Gross Building Area: 3,045
  • Building Area: 2,035
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,035
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:061.0 B:0061 L:0000.0
  • Block: 61
  • Municipality: NEEDHAM
  • Latitude: 42.2905
  • Longitude: -71.231

    Address

  • Full Address: 140 Hoover Rd
  • Address - House Number: 140
  • Address - Street Name: Hoover
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1548
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,287,800
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,368,152
  • High Value: 1,580,050
  • Low Value: 1,156,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $987,600
  • Assessed Land Value: $552,100
  • Assessed Improvements Value: $435,500

    Sales

  • Current Sale Recording Date: Nov 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 108659
  • Previous Sale Recording Date: Feb 16, 2001
  • Previous Sale Amount: $338,200
  • 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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71836479

Frequently Asked Questions

When was property at 140 Hoover Road built and last sold?
The property at 140 Hoover Road was built in 1950 and last sold on Jan 1, 1970 for $875,000.
How much is this home worth?
The estimated value of the home located at 140 Hoover Road is $836,177.
What are some comparable homes to 140 Hoover Road?
There are currently no comparable homes to 140 Hoover Road.
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