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Needham 02494
15 Bower Street
$1,299,000
● House - Off Market

15 Bower Street

Needham, MA 02494
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,300 Ft²
$2,357,835
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Constructing is underway on this handsome Colonial conveniently located in Needham Heights.  Have input in with some optional finishes and generous allowances.  This home has a design with an inviting foyer,  large open floor plan, enhanced by gleaming hardwood floors, high ceilings, abundant light, moldings & fine architectural details. Fabulous chef's kitchen with granite, ss appl & comfortable eat-in kitchen. Master suite has large walk-in closets. Laundry on the second floor and perfect mudroom space as you enter from the garage.  Finished LL with family room & bath. Private back yard, large two-car attached garage, additional parking & patio. Just minutes to shops, Downtown, MBTA commuter rail, 128, route 9 & I90.
Unit Size
4,300 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$302
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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 #71652887)

Price History

Date / Event Date Event Price
Jul 1, 2014 Sold
Premium
Sold
Apr 1, 2014 Listed by Karp, Liberman & Kern Sotheby's International Realty $1,299,000
Listed by Karp, Liberman & Kern Sotheby's International Realty
Oct 15, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,368
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 3,024
  • Gross Building Area: 4,392
  • Building Area: 3,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,024
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:078.0 B:0006 L:0000.0
  • Block: 6
  • Municipality: NEEDHAM
  • Latitude: 42.3038
  • Longitude: -71.2306

    Address

  • Full Address: 15 Bower St
  • Address - House Number: 15
  • Address - Street Name: Bower
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 2412
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,919,500

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,025,444
  • High Value: 2,339,142
  • Low Value: 1,711,745

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,472,000
  • Assessed Land Value: $482,500
  • Assessed Improvements Value: $989,500

    Sales

  • Current Sale Recording Date: Jul 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53120
  • Previous Sale Recording Date: Oct 15, 2013
  • Previous Sale Amount: $483,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,629,000

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# 71652887

Frequently Asked Questions

When was property at 15 Bower Street built and last sold?
The property at 15 Bower Street was built in 2014 and last sold on Jan 1, 1970 for $1,299,000.
How much is this home worth?
The estimated value of the home located at 15 Bower Street is $1,312,515.
What are some comparable homes to 15 Bower Street?
There are currently no comparable homes to 15 Bower Street.
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