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Needham 02492
1606 Great Plain Ave
$420,000
● House - Off Market

1606 Great Plain Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath
square feet
992 Ft²
$702,049
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

You know the old saying, you can't judge a book by it's cover? The interior of this home presents a large open eating and food prep area, all rooms newly painted and well maintained wooden floors through out upper level and lower level. The lower level offers great potential for kids playroom or family room.   Great starter home for first time home buyer or for those looking to downsize to smaller home, as a condo alternative. New heating system, central air, new roof, new windows, new porcelain bath, and other updates completed as well. Downstairs has a half finished basement with interior windows and walk out to patio. Land in back abuts conservation land.
Unit Size
992 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$454
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1959

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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 #72240967)

Price History

Date / Event Date Event Price
Dec 15, 2017 Sold
Premium
Sold
Oct 10, 2017 Listed by Keller Williams Realty Boston South West $450,000
Listed by Keller Williams Realty Boston South West
Aug 22, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 992
  • Gross Building Area: 1,952
  • Building Area: 992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • 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: SRA

Geography

  • Parcel: NEED M:216.0 B:0037 L:0000.0
  • Block: 37
  • Municipality: NEEDHAM
  • Latitude: 42.2856
  • Longitude: -71.2593

    Address

  • Full Address: 1606 Great Plain Ave
  • Address - House Number: 1606
  • Address - Street Name: Great Plain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1210
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $672,600

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 702,637
  • High Value: 807,972
  • Low Value: 597,303

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $515,800
  • Assessed Land Value: $406,700
  • Assessed Improvements Value: $109,100

    Sales

  • Current Sale Recording Date: Dec 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119579
  • Previous Sale Recording Date: Aug 22, 2005
  • Previous Sale Amount: $393,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72240967

Frequently Asked Questions

When was property at 1606 Great Plain Avenue built and last sold?
The property at 1606 Great Plain Avenue was built in 1959 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 1606 Great Plain Avenue is $459,022.
What are some comparable homes to 1606 Great Plain Avenue?
There are currently no comparable homes to 1606 Great Plain Avenue.
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