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Newton 02461 Newton Highlands
18 Norman Rd
$1,752,000
● House - Off Market

18 Norman Rd

Newton, MA 02461
bedrooms
6 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,632 Ft²
$1,537,699
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Tucked on a beautiful tree-lined street just a block from Crystal Lake, this handsome six bedroom, 1903 stucco Colonial-style residence is set on a 12,854 square foot lot and provides a lovely setting. Architectural details, an abundance of natural light, two fireplaces, and hardwood floors are among the features. With three levels of living, there are four corner bedrooms on the second floor and two bedrooms on the third. The lower level offers great potential with full windows. Located in the Mason Rice School district, this home affords easy access to the Highlands "T", Whole Foods, Cold Spring Park, shops, and restaurants. This property is in need of renovation. Buyers are encouraged to do their due diligence prior to submitting offers.
Unit Size
2,632 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$568
Property Type
House
Property Taxes
$1,022
HOA Dues
-
Year Built
1903

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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: 6 months ago (MLSPIN #73002309)

Price History

Date / Event Date Event Price
Apr 20, 2023 Sold
Premium
Sold
Jul 26, 2022 Sold
Premium
Sold
Jun 22, 2022 Listed by Hammond Residential Real Estate $1,495,000
Listed by Hammond Residential Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,412
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,854
  • Total Building Area: 2,632
  • Gross Building Area: 4,952
  • Building Area: 2,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000295
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374200

Zoning

  • Zoning: SR2

Geography

  • Account Number: 52019 0011
  • District: 207
  • Parcel: NEWT S:52 B:019 L:0011
  • Block: 19
  • Lot: 11
  • Municipality: NEWTON
  • Latitude: 42.3252
  • Longitude: -71.2043

    Address

  • Full Address: 18 Norman Rd
  • Address - House Number: 18
  • Address - Street Name: Norman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newton Highlands
  • Carrier Code: C071
  • 4-Digit Zip Code: 1216
  • Zip Code: 02461

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,562,900

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,840,122
  • High Value: 2,167,977
  • Low Value: 1,512,266

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,601,300
  • Assessed Land Value: $1,000,500
  • Assessed Improvements Value: $600,800

    Sales

  • Current Sale Contract Date: Apr 20, 2023
  • Current Sale Recording Date: Apr 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39654
  • Previous Sale Recording Date: Jul 26, 2022
  • Previous Sale Contract Date: Jul 15, 2022
  • Previous Sale Amount: $1,752,000
  • 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 Newton Highlands

Stats & Trends

Median Asking:

$1,450,000

Sale Price/ft²

$665

Below Asking

0.02%

Average Days on Market

60

Average Home Size

3167 ft²

Average Home Age

30.5 years

Currently For Sale

16 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: 6 months ago
Data Source: MLS PIN, MLS# 73002309

Frequently Asked Questions

When was property at 18 Norman Road built and last sold?
The property at 18 Norman Road was built in 1903 and last sold on Apr 20, 2023 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 18 Norman Road is $1,531,780.
What are some comparable homes to 18 Norman Road?
There are currently no comparable homes to 18 Norman Road.
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