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Needham 02494
15 Park Avenue
Photo of 15 Park Avenue
Sold on May 21, 2009

1

Map

$615,000
● House - Off Market

15 Park Avenue

Needham, MA 02494
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,494 Ft²
$1,339,636
RealtyHop Estimate
109.65%
Since Jun 1, 2009
MA-Boston
Primary Model

About This Property

Well kept 5 bedroom cape offering an au pair suite on the first floor plus a full master on the second.  This home has a formal fireplace living room, dining room, cherry kitchen with granite and a first floor family room.  Finished lower level for a game room, plus an office.  Located on a side street, this home is convenient to the commuter rail, shopping and major highways.  MUST SEE!
Unit Size
2,494 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$256
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1939

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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: 5 months ago (MLSPIN #70886835)

Price History

Date / Event Date Event Price
May 21, 2009 Sold
Premium
Sold
Mar 12, 2009 Listed $639,000
Listed
Aug 4, 2000 Sold
Premium
Sold
Apr 14, 2000 Listed $495,000
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1998
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 1,193
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,494
  • Gross Building Area: 3,687
  • Building Area: 2,494
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,494
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERCER ROAD
  • Land Acres: 0000000190
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:071.0 B:0057 L:0000.0
  • Block: 57
  • Municipality: NEEDHAM
  • Latitude: 42.2965
  • Longitude: -71.2306

    Address

  • Full Address: 15 Park Ave
  • Address - House Number: 15
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1614
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,131,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,363,329
  • High Value: 1,574,480
  • Low Value: 1,152,177

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $867,600
  • Assessed Land Value: $469,400
  • Assessed Improvements Value: $398,200

    Sales

  • Current Sale Recording Date: May 21, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53719
  • Previous Sale Recording Date: Aug 04, 2000
  • Previous Sale Amount: $495,000
  • 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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4173 ft²

Average Home Age

38.5 years

Currently For Sale

69 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: 5 months ago
Data Source: MLS PIN, MLS# 70886835

Frequently Asked Questions

When was property at 15 Park Avenue built and last sold?
The property at 15 Park Avenue was built in 1939 and last sold on Jan 1, 1970 for $615,000.
How much is this home worth?
The estimated value of the home located at 15 Park Avenue is $639,465.
What are some comparable homes to 15 Park Avenue?
There are currently no comparable homes to 15 Park Avenue.
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