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Needham 02494
180 Central Ave
$740,000
● House - Off Market

180 Central Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,607 Ft²
$4,544
Est. Monthly

About This Property

Attention Builders - Nicely shaped lot, sloped well for walk out basement. Property is being sold as a tear down, as-is and in current condition. Seller will remove certain personal property prior to closing. Any remaining furniture, personal property etc., shall be Buyer's responsibility to remove.  House has been unoccupied for several years and includes water damage from leaking roof.
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$497
Property Type
House
Property Taxes
$620
HOA Dues
-
Year Built
1946

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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 #73220348)

Price History

Date / Event Date Event Price
May 16, 2024 Sold
Premium
Sold
Apr 4, 2024 Listed by W. J. Nealon Commercial Realty, Inc. $799,000
Listed by W. J. Nealon Commercial Realty, Inc.
Mar 22, 2002 Sold
Premium
Sold
Jan 12, 2002 Listed by W. J. Nealon Commercial Realty, Inc. $395,000
Listed by W. J. Nealon Commercial Realty, Inc.
Jun 11, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 830
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,607
  • Gross Building Area: 2,436
  • Building Area: 1,607
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,607
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINDEN PLAZA
  • Land Acres: 0000000260
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:087.0 B:0046 L:0000.0
  • Block: 46
  • Municipality: NEEDHAM
  • Latitude: 42.3087
  • Longitude: -71.2335

    Address

  • Full Address: 180 Central Ave
  • Address - House Number: 180
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 2623
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $743,800

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 987,524
  • High Value: 1,162,653
  • Low Value: 812,395

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $570,400
  • Assessed Land Value: $410,400
  • Assessed Improvements Value: $160,000

    Sales

  • Current Sale Recording Date: Mar 22, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 051614
  • Previous Sale Recording Date: Jun 11, 1999
  • Previous Sale Amount: $260,000
  • 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

0.01%

Average Days on Market

64

Average Home Size

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73220348

Frequently Asked Questions

When was property at 180 Central Avenue built and last sold?
The property at 180 Central Avenue was built in 1946 and last sold on Jan 1, 1970 for $393,000.
How much is this home worth?
The estimated value of the home located at 180 Central Avenue is $775,164.
What are some comparable homes to 180 Central Avenue?
There are currently no comparable homes to 180 Central Avenue.
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