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Needham 02492
16 Aletha Road
$1,376,000
● House - Off Market

16 Aletha Road

Needham, MA 02492
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,400 Ft²
$1,926,379
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Charm, Light and Warmth shine thru every space. Major renovation and expansion in 2016!  This is not your parent's Split Entry.  Open floor plan glows with natural light.  5+ bedrooms, 3 full baths.  Spacious indoor and outdoor options.  Updated smart technology and appliances for energy efficiency.  Lower level work and entertainment spaces crafted for today and the future.  A place for everyone and everything.  Beautifully designed to be spacious and open.  Lovely yard featuring patio, deck, level green space, professional plantings and gracious granite steps.  2 car direct entry garage with expanded storage or work area. Come see it for yourself, this is a WOW House!
Unit Size
3,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$397
Property Type
House
Property Taxes
$1,115
HOA Dues
-
Year Built
1965

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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 #72471358)

Price History

Date / Event Date Event Price
Jun 7, 2019 Sold
Premium
Sold
Mar 27, 2019 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,350,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Jan 3, 2017 Sold
Premium
Sold
Dec 2, 2016 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,179,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2016
  • Total Rooms: 9
  • Bedroom Count: 4
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,206
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,284
  • Gross Building Area: 4,490
  • Building Area: 2,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,284
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:020.0 B:0012 L:0000.0
  • Block: 12
  • Municipality: NEEDHAM
  • Latitude: 42.2839
  • Longitude: -71.2118

    Address

  • Full Address: 16 Aletha Rd
  • Address - House Number: 16
  • Address - Street Name: Aletha
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4302
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,652,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,748,961
  • High Value: 2,044,845
  • Low Value: 1,453,076

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,267,500
  • Assessed Land Value: $589,600
  • Assessed Improvements Value: $677,900

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1423033
  • Previous Sale Recording Date: Jan 03, 2017
  • Previous Sale Amount: $1,170,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

3984 ft²

Average Home Age

38.7 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72471358

Frequently Asked Questions

When was property at 16 Aletha Road built and last sold?
The property at 16 Aletha Road was built in 1965 and last sold on May 31, 2019 for $1,376,000.
How much is this home worth?
The estimated value of the home located at 16 Aletha Road is $1,364,111.
What are some comparable homes to 16 Aletha Road?
There are currently no comparable homes to 16 Aletha Road.
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