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Needham 02492
1616 Great Plain Avenue
$800,000
● House - Off Market

1616 Great Plain Avenue

Needham, MA 02492
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,966 Ft²
$882,002
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Investors, builders or home owners please take a look at this tremendous opportunity to build your own home. This property is ready to be torn down with approved buildable lot and plans in hand. Just a short distance to Needham Center's restaurants, shops and commuter rail make this the perfect location to call home.
Unit Size
1,966 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$452
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
1968

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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 #73138643)

Price History

Date / Event Date Event Price
Oct 5, 2023 Sold
Premium
Sold
Aug 9, 2023 In contract -
In contract
Jul 20, 2023 Listed by Keller Williams Realty $889,000
Listed by Keller Williams Realty
Oct 12, 2022 Sold
Premium
Sold
Sep 20, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 874
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,966
  • Gross Building Area: 2,849
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000570
  • 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:217.0 B:0002 L:0000.0
  • Block: 2
  • Municipality: NEEDHAM
  • Latitude: 42.2857
  • Longitude: -71.2598

    Address

  • Full Address: 1616 Great Plain Ave
  • Address - House Number: 1616
  • 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: $983,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 95
  • Final Value: 926,230
  • High Value: 991,634
  • Low Value: 860,825

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $754,000
  • Assessed Land Value: $502,800
  • Assessed Improvements Value: $251,200

    Sales

  • Current Sale Contract Date: Oct 05, 2023
  • Current Sale Recording Date: Oct 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65099
  • Previous Sale Recording Date: Oct 12, 2022
  • Previous Sale Contract Date: Oct 06, 2022
  • Previous Sale Amount: $880,000
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 73138643

Frequently Asked Questions

When was property at 1616 Great Plain Avenue built and last sold?
The property at 1616 Great Plain Avenue was built in 1968 and last sold on Oct 5, 2023 for $800,000.
How much is this home worth?
The estimated value of the home located at 1616 Great Plain Avenue is $905,087.
What are some comparable homes to 1616 Great Plain Avenue?
There are currently no comparable homes to 1616 Great Plain Avenue.
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