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Needham 02492
16 Sterling Rd
$967,500
● House - Off Market

16 Sterling Rd

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,931 Ft²
$1,805,672
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

This beautiful young colonial sits on a quiet tree lined street in the Birds Hill/Broadmeadow District.  Comparable to new construction,  this home features a gracious open foyer, stunning granite/maple chef's kitchen with built in wine cooler, four spacious bedrooms, master  with large walk-in closet and spa bath, 2nd floor laundry, 2 car garage, deck overlooking a large level yard, and much much more!  First showings at OPEN HOUSE on SUNDAY, APRIL 21, 1:00-3:00PM.
Unit Size
2,931 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$324
Property Type
House
Property Taxes
$843
HOA Dues
-
Year Built
2005

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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 #71511162)

Price History

Date / Event Date Event Price
Jul 8, 2013 Sold
Premium
Sold
Apr 18, 2013 Listed by Prudential Advantage Real Estate $949,000
Listed by Prudential Advantage Real Estate
May 3, 2007 Sold
Premium
Sold
Feb 20, 2007 Listed by Prudential Advantage Real Estate $895,000
Listed by Prudential Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,184
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,953
  • Gross Building Area: 4,115
  • Building Area: 2,953
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,953
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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:001.0 B:0026 L:0000.0
  • Block: 26
  • Municipality: NEEDHAM
  • Latitude: 42.2716
  • Longitude: -71.2028

    Address

  • Full Address: 16 Sterling Rd
  • Address - House Number: 16
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C013
  • 4-Digit Zip Code: 4719
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,502,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,630,522
  • High Value: 1,883,056
  • Low Value: 1,377,988

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,152,300
  • Assessed Land Value: $467,800
  • Assessed Improvements Value: $684,500

    Sales

  • Current Sale Recording Date: Jul 08, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: May 03, 2007
  • Previous Sale Amount: $865,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71511162

Frequently Asked Questions

When was property at 16 Sterling Road built and last sold?
The property at 16 Sterling Road was built in 2005 and last sold on Jan 1, 1970 for $967,000.
How much is this home worth?
The estimated value of the home located at 16 Sterling Road is $988,073.
What are some comparable homes to 16 Sterling Road?
There are currently no comparable homes to 16 Sterling Road.
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