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Needham 02492
16 Lewis St.
Photo of 16 Lewis St.
Sold on Jul 27, 2007

1

Map

$475,000
● House - Off Market

16 Lewis St.

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,236 Ft²
$935,114
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Charm abounds in this storybook cape set on a beautiful, level lot in a stellar, walk to town location. This adorable home features hardwood floors, updated systems, central air and newer roof. Ideal as a condo alternative, or the perfect place for expansion. This gem of a house is in excellent condition--just bring your decorating touches and make it your own!
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$404
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1941

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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 #70564450)

Price History

Date / Event Date Event Price
Jul 27, 2007 Sold
Premium
Sold
Apr 24, 2007 Listed $499,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1999
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 852
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,236
  • Gross Building Area: 2,088
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000210
  • 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:130.0 B:0044 L:0000.0
  • Block: 44
  • Municipality: NEEDHAM
  • Latitude: 42.283
  • Longitude: -71.2423

    Address

  • Full Address: 16 Lewis St
  • Address - House Number: 16
  • Address - Street Name: Lewis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C014
  • 4-Digit Zip Code: 1908
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $792,000

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 861,615
  • High Value: 995,061
  • Low Value: 728,169

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $607,400
  • Assessed Land Value: $467,300
  • Assessed Improvements Value: $140,100

    Sales

  • Current Sale Recording Date: Jul 27, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 122417
  • Previous Sale Recording Date: Apr 23, 2007
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70564450

Frequently Asked Questions

When was property at 16 Lewis Street built and last sold?
The property at 16 Lewis Street was built in 1941 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 16 Lewis Street is $513,051.
What are some comparable homes to 16 Lewis Street?
There are currently no comparable homes to 16 Lewis Street.
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