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Needham 02492
1541 Great Plain Ave
$712,000
● House - Off Market

1541 Great Plain Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,564 Ft²
$1,075,125
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Well maintained colonial on 1/4 acre level lot situated on the corner of North Hill Ave. Bright & sunny home with many updates. Kitchen with granite counters, stainless steel appliances, gas cooking, and breakfast bar opened to dining room. Newer bathrooms with attractive tiles & fixtures. Tiled mudroom with access to side door & rear yard. Bonus space second stairway leads to separate office space, craft room or teen game room area. Great storage space in basement. Newer systems, roof, and gas utilities. Short distance to Newman Elementary School.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$464
Property Type
House
Property Taxes
$581
HOA Dues
-
Year Built
1949

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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 #72297683)

Price History

Date / Event Date Event Price
May 4, 2018 Sold
Premium
Sold
Mar 23, 2018 Listed by Louise Condon Realty $725,000
Listed by Louise Condon Realty
Dec 20, 2002 Sold
Premium
Sold
Jun 14, 2002 Listed by Louise Condon Realty $449,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 624
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,564
  • Gross Building Area: 2,188
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: SRB

Geography

  • Parcel: NEED M:119.0 B:0004 L:0000.0
  • Block: 4
  • Municipality: NEEDHAM
  • Latitude: 42.2857
  • Longitude: -71.2564

    Address

  • Full Address: 1541 Great Plain Ave
  • Address - House Number: 1541
  • Address - Street Name: Great Plain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1205
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,058,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,164,118
  • High Value: 1,344,416
  • Low Value: 983,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $811,500
  • Assessed Land Value: $575,000
  • Assessed Improvements Value: $236,500

    Sales

  • Current Sale Recording Date: May 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35323
  • Previous Sale Recording Date: Dec 20, 2002
  • Previous Sale Amount: $425,000
  • 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:

$1,629,000

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72297683

Frequently Asked Questions

When was property at 1541 Great Plain Avenue built and last sold?
The property at 1541 Great Plain Avenue was built in 1949 and last sold on Jan 1, 1970 for $712,000.
How much is this home worth?
The estimated value of the home located at 1541 Great Plain Avenue is $729,984.
What are some comparable homes to 1541 Great Plain Avenue?
There are currently no comparable homes to 1541 Great Plain Avenue.
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