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Needham 02492
1514 Great Plain Ave
$645,000
● House - Off Market

1514 Great Plain Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,747 Ft²
$1,093,126
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Lovely & solid 8 room raised ranch with 2 1/2 baths on the Wellesley side of town sited on nearly a half acre of land close to Newman School. Family room with fireplace on the first floor with sliders to a deck.  Bright  eat in kitchen . Good sized dining room with open flow to spacious living room. The lower level has a large finished den with sliders to a beautiful backyard.  Extra large garage with  entry into laundry/utility room with 1/2 bath.  Bring your decorating ideas and make it your own in time for the holidays. Terrific starter home in a fabulous location. New hot water heater 2017.
Unit Size
1,747 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$400
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1976

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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 #72234850)

Price History

Date / Event Date Event Price
Nov 28, 2017 Sold
Premium
Sold
Sep 27, 2017 Listed by Realty Executives Boston West $699,000
Listed by Realty Executives Boston West
Dec 19, 2013 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 2000
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,591
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 1,747
  • Gross Building Area: 3,338
  • Building Area: 1,747
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,747
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000440
  • 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:216.0 B:0009 L:0001.0
  • Block: 9
  • Lot: 1.0
  • Municipality: NEEDHAM
  • Latitude: 42.285
  • Longitude: -71.2554

    Address

  • Full Address: 1514 Great Plain Ave
  • Address - House Number: 1514
  • Address - Street Name: Great Plain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1237
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,055,500

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,135,419
  • High Value: 1,327,506
  • Low Value: 943,332

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $809,400
  • Assessed Land Value: $501,100
  • Assessed Improvements Value: $308,300

    Sales

  • Current Sale Recording Date: Nov 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113120
  • Previous Sale Recording Date: Dec 19, 2013
  • Previous Sale Amount: $30,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72234850

Frequently Asked Questions

When was property at 1514 Great Plain Avenue built and last sold?
The property at 1514 Great Plain Avenue was built in 1976 and last sold on Jan 1, 1970 for $640,000.
How much is this home worth?
The estimated value of the home located at 1514 Great Plain Avenue is $718,125.
What are some comparable homes to 1514 Great Plain Avenue?
There are currently no comparable homes to 1514 Great Plain Avenue.
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