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Needham 02494
23 Fay Lane
Photo of 23 Fay Lane
Sold on Nov 24, 2009

1

Map

$1,010,000
● House - Off Market

23 Fay Lane

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,326 Ft²
$2,206,782
RealtyHop Estimate
108.19%
Since Dec 1, 2009
MA-Boston
Primary Model

About This Property

2007 Colonial house w/ many fine details in prime neighborhood.Granite & center island kitchen with separate breakfast area adjacent to family room with fireplace. .Entertainment sized Living room/dining with cove ceiling with deep bay windows. Hardwood floors through out.1st floor study. Huge master suite with sitting area and extra large walk-in closet and master bath w/Jacuzzi. Three additional spacious bedrooms and laundry room.2-car attached garage. Central air/vac.Prof landscaped yrd.
Unit Size
3,326 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$319
Property Type
House
Property Taxes
$855
HOA Dues
-
Year Built
2007

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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 #70978845)

Price History

Date / Event Date Event Price
Nov 25, 2009 Sold
Premium
Sold
Sep 22, 2009 Listed $1,060,000
Listed
Jul 19, 2007 Sold
Premium
Sold
Jun 6, 2007 Listed $1,075,000
Listed
Mar 31, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 9
  • 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: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,562
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,326
  • Gross Building Area: 4,888
  • Building Area: 3,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,326
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000230
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:067.0 B:0053 L:0000.0
  • Block: 53
  • Municipality: NEEDHAM
  • Latitude: 42.2978
  • Longitude: -71.2262

    Address

  • Full Address: 23 Fay Ln
  • Address - House Number: 23
  • Address - Street Name: Fay
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C047
  • 4-Digit Zip Code: 2105
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,849,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,975,854
  • High Value: 2,281,873
  • Low Value: 1,669,836

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,418,400
  • Assessed Land Value: $551,800
  • Assessed Improvements Value: $866,600

    Sales

  • Current Sale Recording Date: Nov 25, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 130122
  • Previous Sale Recording Date: Jul 19, 2007
  • Previous Sale Amount: $1,045,000
  • 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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4072 ft²

Average Home Age

39.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70978845

Frequently Asked Questions

When was property at 23 Fay Lane built and last sold?
The property at 23 Fay Lane was built in 2007 and last sold on Jan 1, 1970 for $1,010,000.
How much is this home worth?
The estimated value of the home located at 23 Fay Lane is $1,103,887.
What are some comparable homes to 23 Fay Lane?
There are currently no comparable homes to 23 Fay Lane.
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