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Newton 02462 Newton Lower Falls
142 Cornell St
$795,000
● House - Off Market

142 Cornell St

Newton, MA 02462
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,987 Ft²
$1,024,788
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Wonderful opportunity to own this 3 bedroom, 2 full and one-half bath ranch home in a premier Newton Lower Falls location on a large corner lot. The first floor offers a large fire-placed living room, dining room, kitchen, 3 bedrooms, 1 full and 1 half bath. The lower level has a finished fire-placed office/play room, full bath and laundry area as well as direct access to the over-sized 2 car garage.    Amazing commuter's location with easy access to all major routes, the Riverside Green line T stop with direct access to Downtown Boston and Fenway Park. A short distance to the Community center, Hamilton Park, Wellesley Lower Falls and many shops, restaurants and cafes.  Great starter home that offers possible potential to renovate, expand and or build a larger home. A must see!!!
Unit Size
1,987 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$362
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
2020

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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 #72512795)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
Jul 10, 2019 Sold
Premium
Sold
Jun 5, 2019 Listed by Coldwell Banker Residential Brokerage - Brookline $719,000
Listed by Coldwell Banker Residential Brokerage - Brookline

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,494
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,560
  • Total Building Area: 2,988
  • Gross Building Area: 5,424
  • Building Area: 2,988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,988
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000242
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374800

Zoning

  • Zoning: SR3

Geography

  • Account Number: 42032 0070
  • District: 207
  • Parcel: NEWT S:42 B:032 L:0070
  • Block: 32
  • Lot: 70
  • Municipality: NEWTON
  • Latitude: 42.3295
  • Longitude: -71.2566

    Address

  • Full Address: 142 Cornell St
  • Address - House Number: 142
  • Address - Street Name: Cornell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton Lower Falls
  • Carrier Code: C061
  • 4-Digit Zip Code: 1309
  • Zip Code: 02462

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,110,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 2,337,835
  • High Value: 2,749,407
  • Low Value: 1,926,263

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,162,700
  • Assessed Land Value: $804,400
  • Assessed Improvements Value: $1,358,300

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 151312
  • Previous Sale Recording Date: Jul 10, 2019
  • Previous Sale Contract Date: Jul 05, 2019
  • Previous Sale Amount: $795,000
  • Previous Sale Document Type: O
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 Lower Falls

Stats & Trends

Median Asking:

$2,725,000

Sale Price/ft²

$590

Above Asking

0.00%

Average Days on Market

57

Average Home Size

2356 ft²

Average Home Age

111 years

Currently For Sale

4 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72512795

Frequently Asked Questions

When was property at 142 Cornell Street built and last sold?
The property at 142 Cornell Street was built in 2020 and last sold on Jul 1, 2021 for $2,090,000.
How much is this home worth?
The estimated value of the home located at 142 Cornell Street is $765,052.
What are some comparable homes to 142 Cornell Street?
There are currently no comparable homes to 142 Cornell Street.
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