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Needham 02492
1659 Great Plain Ave
$780,000
● House - Off Market

1659 Great Plain Ave

Needham, MA 02492
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,786 Ft²
$865,078
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Looking for one floor living?  Want a nice yard?  Look no further than this great Needham starter home.  The vaulted ceiling family room has windows on three sides and is open to the kitchen.  The living room is complete with gas fireplace and built in shelves. The dining room is open to the kitchen and has windows that look out on the yard in back. In the basement, there is a fully decked out office with cabinets and a playroom with walk-in closet.  The family room opens out to the deck and very good sized level yard.  There is even a storage shed in the back for your snow blower and gardening supplies.  Located in the Olin Woods neighborhood, you are between Needham and Wellesley centers and super close to Olin and Babson which provide sports and arts viewing opportunities.  Gas heat and cooking.
Unit Size
1,786 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$476
Property Type
House
Property Taxes
$730
HOA Dues
-
Year Built
1930

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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 #73087243)

Price History

Date / Event Date Event Price
Mar 26, 2024 Sold
Premium
Sold
Apr 19, 2023 Sold
Premium
Sold
Mar 29, 2023 In contract -
In contract
Mar 14, 2023 Listed by Keller Williams Realty $850,000
Listed by Keller Williams Realty
Jun 30, 1994 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1990
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,218
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,318
  • Gross Building Area: 2,535
  • Building Area: 1,318
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,318
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000240
  • 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:118.0 B:0008 L:0000.0
  • Block: 8
  • Municipality: NEEDHAM
  • Latitude: 42.2868
  • Longitude: -71.2613

    Address

  • Full Address: 1659 Great Plain Ave
  • Address - House Number: 1659
  • Address - Street Name: Great Plain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1207
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $930,100

    Appraisal Valuation

  • Standard Deviation: 0.0704
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 95
  • Final Value: 813,828
  • High Value: 871,127
  • Low Value: 756,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $713,300
  • Assessed Land Value: $488,400
  • Assessed Improvements Value: $224,900

    Sales

  • Current Sale Contract Date: Mar 25, 2024
  • Current Sale Recording Date: Mar 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17356
  • Previous Sale Recording Date: Apr 19, 2023
  • Previous Sale Contract Date: Apr 19, 2023
  • Previous Sale Amount: $780,000
  • 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

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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# 73087243

Frequently Asked Questions

When was property at 1659 Great Plain Avenue built and last sold?
The property at 1659 Great Plain Avenue was built in 1930 and last sold on Mar 25, 2024 for $2,250,000.
How much is this home worth?
The estimated value of the home located at 1659 Great Plain Avenue is $859,591.
What are some comparable homes to 1659 Great Plain Avenue?
There are currently no comparable homes to 1659 Great Plain Avenue.
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