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Needham 02492
163 Laurel Dr
$685,000
● House - Off Market

163 Laurel Dr

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,621 Ft²
$1,148,793
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Move right into this well maintained 3 bedroom home in the Laurels, one of Needham's desirable "walk to town" neighborhoods.1st floor features a fireplaced living room opening into a renovated, eat in kitchen along with 2 bedrooms, a full bath & mudroom.  2nd floor consists of large master bedroom w/ skylights, ceiling fan, ample closet space & storage.  Recently refreshed walk-out lower level is finished w/ playroom, office, full bath, direct access garage & laundry room. Other recent updates include kitchen, HVAC & hot water heater, roof, windows, interior & exterior painting, new patio, front walkway and landscaping.  Minutes from train and schools.
Unit Size
1,621 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$431
Property Type
House
Property Taxes
$576
HOA Dues
-
Year Built
1928

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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 #72074985)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Aug 27, 2020 Listed by Hawthorn Properties $815,000
Listed by Hawthorn Properties
Dec 20, 2016 Sold
Premium
Sold
Sep 29, 2016 Listed by Hawthorn Properties $699,000
Listed by Hawthorn Properties
Mar 18, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 2010
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 814
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,221
  • Gross Building Area: 2,035
  • Building Area: 1,221
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,221
  • Heating Fuel Type: 3

    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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:037.0 B:0014 L:0000.0
  • Block: 14
  • Municipality: NEEDHAM
  • Latitude: 42.2713
  • Longitude: -71.2338

    Address

  • Full Address: 163 Laurel Dr
  • Address - House Number: 163
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 3206
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,082,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,062,819
  • High Value: 1,242,624
  • Low Value: 883,014

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $830,400
  • Assessed Land Value: $523,800
  • Assessed Improvements Value: $306,600

    Sales

  • Current Sale Contract Date: Sep 16, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115652
  • Previous Sale Recording Date: Dec 20, 2016
  • Previous Sale Amount: $685,000
  • 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:

$1,625,000

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# 72074985

Frequently Asked Questions

When was property at 163 Laurel Drive built and last sold?
The property at 163 Laurel Drive was built in 1928 and last sold on Sep 16, 2020 for $820,000.
How much is this home worth?
The estimated value of the home located at 163 Laurel Drive is $824,939.
What are some comparable homes to 163 Laurel Drive?
There are currently no comparable homes to 163 Laurel Drive.
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