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Needham 02492
16 Laurel Drive
$681,000
● House - Off Market

16 Laurel Drive

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,845 Ft²
$1,264,100
RealtyHop Estimate
90.09%
Since Oct 1, 2013
MA-Boston
Primary Model

About This Property

NEW LISTING! Enchanting English Cape in charming sidewalked neighborhood.  COMMUTER'S DREAM! Just 2 blocks to Boston train!  Open floor plan. Kitchen is open to sunny Fam Rm w/cathedral ceiling & skylights. Fireside Living Rm opens to heated Sunroom thru French doors and large Dining Rm w/pretty built-in corner hutch & rich gum wood moldings. Updated baths w/ceramic tile floors & beadboard in full bath.  Dormered Cape provides high ceilings upstairs. Huge Master BR w/walk-in closet & sitting area! All bedrooms are large & sunny w/ceiling fans.  Finished Playroom & upgraded Laundry Rm in basement. Hardwoods most rooms~Newer windows~2007 roof~new front walk & steps.  Move-in condition! Deck overlooks big level fenced back yard.  Garage can fit two cars tandem.  EXCELLENT SCHOOLS! Offers reviewed Tues 7/30 @ 8:00pm.
Unit Size
1,845 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$360
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1929

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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 #71559492)

Price History

Date / Event Date Event Price
Sep 18, 2013 Sold
Premium
Sold
Jul 24, 2013 Listed by Century 21 Commonwealth $665,000
Listed by Century 21 Commonwealth
Jul 16, 2007 Sold
Premium
Sold
May 15, 2007 Listed by Century 21 Commonwealth $599,000
Listed by Century 21 Commonwealth
Jun 29, 1995 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1998
  • 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: 4
  • 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: 1,023
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,646
  • Gross Building Area: 2,668
  • Building Area: 1,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,646
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:037.0 B:0051 L:0000.0
  • Block: 51
  • Municipality: NEEDHAM
  • Latitude: 42.2722
  • Longitude: -71.2338

    Address

  • Full Address: 16 Laurel Dr
  • Address - House Number: 16
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 3205
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,004,100

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,253,712
  • High Value: 1,521,764
  • Low Value: 985,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $770,000
  • Assessed Land Value: $518,000
  • Assessed Improvements Value: $252,000

    Sales

  • Current Sale Recording Date: Sep 18, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000011
  • Previous Sale Recording Date: Jul 16, 2007
  • Previous Sale Amount: $614,000
  • 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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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# 71559492

Frequently Asked Questions

When was property at 16 Laurel Drive built and last sold?
The property at 16 Laurel Drive was built in 1929 and last sold on Jan 1, 1970 for $681,000.
How much is this home worth?
The estimated value of the home located at 16 Laurel Drive is $691,767.
What are some comparable homes to 16 Laurel Drive?
There are currently no comparable homes to 16 Laurel Drive.
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