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Needham 02492
18 Colonial Road
Photo of 18 Colonial Road
Sold on Aug 26, 2008

1

Map

$1,120,000
● House - Off Market

18 Colonial Road

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,377 Ft²
$2,356,676
RealtyHop Estimate
98.88%
Since Sep 1, 2008
MA-Boston
Primary Model

About This Property

Stunning, young 4BR Colonial on ended way in outstanding family neighborhood. This elegant home features a dramatic two story entry and a spacious granite kitchen that opens to a sensational family room with cathedral ceilings and skylights. The generous master suite has cathedral ceilings, a luxurious marble bath and sitting room. Enjoy the landscaped, private yard from the superbly crafted deck and stone patio. Minutes to school, town center and commuter rail.
Unit Size
3,377 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$351
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
1997

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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: 5 months ago (MLSPIN #70757428)

Price History

Date / Event Date Event Price
Aug 26, 2008 Sold
Premium
Sold
May 7, 2008 Listed $1,185,000
Listed
Mar 18, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2000
  • Total Rooms: 10
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,568
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,446
  • Gross Building Area: 4,972
  • Building Area: 3,446
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,446
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GAY S COLONIAL ACRES
  • 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:141.0 B:0043 L:0000.0
  • Block: 43
  • Municipality: NEEDHAM
  • Latitude: 42.277
  • Longitude: -71.2496

    Address

  • Full Address: 18 Colonial Rd
  • Address - House Number: 18
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C028
  • 4-Digit Zip Code: 1613
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,661,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,851,463
  • High Value: 2,138,216
  • Low Value: 1,564,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,273,900
  • Assessed Land Value: $505,200
  • Assessed Improvements Value: $768,700

    Sales

  • Current Sale Recording Date: Aug 26, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 82521
  • Previous Sale Recording Date: Mar 18, 1998
  • Previous Sale Amount: $620,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4240 ft²

Average Home Age

38.9 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: 5 months ago
Data Source: MLS PIN, MLS# 70757428

Frequently Asked Questions

When was property at 18 Colonial Road built and last sold?
The property at 18 Colonial Road was built in 1997 and last sold on Jan 1, 1970 for $1,120,000.
How much is this home worth?
The estimated value of the home located at 18 Colonial Road is $1,220,702.
What are some comparable homes to 18 Colonial Road?
There are currently no comparable homes to 18 Colonial Road.
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