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Needham 02492
1886 Central Ave
$1,650,000
● House - Off Market

1886 Central Ave

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,425 Ft²
$1,587,406
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Amazing  4 BR 3.5 BA  home on 1.7 landscaped acres near Dover line with gorgeous epay deck and 11,000 gallon heated guinite L shaped pool! Light and bright eat in kitchen with skylights, stainless appliances and island; formal dining and living rooms, yoga/home office, 3 bedrooms and 2.5 baths complete the first floor. Walkout lower level includes a large 39 x 15 family room, 4th bedroom, full bath, gym, laundry, cedar closet, mudroom, storage and access to the 2 car garage. Gorgeous grounds with 26 zones of irrigation. Needham offers great schools, the commuter train and easy access to major route. Driveway on Fisher Street.
Unit Size
2,425 Ft²
Days on Market
-
Land Size
1.71 acres
Price per sqft
$660
Property Type
House
Property Taxes
$1,221
HOA Dues
-
Year Built
1955

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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 #73146784)

Price History

Date / Event Date Event Price
Oct 18, 2023 Sold
Premium
Sold
Aug 12, 2023 In contract -
In contract
Aug 10, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $1,600,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
May 19, 2004 Sold
Premium
Sold
Feb 22, 2004 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $825,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,155
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 74,488
  • Total Building Area: 2,425
  • Gross Building Area: 4,580
  • Building Area: 2,425
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,425
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001710
  • 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: SRA

Geography

  • Parcel: NEED M:214.0 B:0049 L:0000.0
  • Block: 49
  • Municipality: NEEDHAM
  • Latitude: 42.2624
  • Longitude: -71.2696

    Address

  • Full Address: 1886 Central Ave
  • Address - House Number: 1886
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C018
  • 4-Digit Zip Code: 1409
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,465,000

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,541,181
  • High Value: 1,803,227
  • Low Value: 1,279,135

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,123,500
  • Assessed Land Value: $613,300
  • Assessed Improvements Value: $510,200

    Sales

  • Current Sale Contract Date: Oct 18, 2023
  • Current Sale Recording Date: Oct 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 68048
  • Previous Sale Recording Date: Aug 20, 2013
  • 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:

$1,627,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4224 ft²

Average Home Age

40.7 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73146784

Frequently Asked Questions

When was property at 1886 Central Avenue built and last sold?
The property at 1886 Central Avenue was built in 1955 and last sold on Oct 18, 2023 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 1886 Central Avenue is $1,597,219.
What are some comparable homes to 1886 Central Avenue?
There are currently no comparable homes to 1886 Central Avenue.
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