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Newton 02467 Chestnut Hill
231 Chestnut Hill Road
$2,675,000
● House - Off Market

231 Chestnut Hill Road

Newton, MA 02467
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,724 Ft²
$5,460,417
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

This charming house sitting on over an acre of land was built in 1857, separated from a rambling mansion in 1952, retains many period details while including many amenities for modern life. In the 1990's it was enlarged with an architect designed addition featuring a sun-filled family room/dining area/kitchen and above this space is an expansive master bedroom suite. Each has a fireplace and views of the beautiful gardens and lawns.The living room is south-facing and includes a fireplace and three French doors opening to a brick terrace. There are two additional bedrooms, a bathroom, and a laundry room on the second floor, and two more bedrooms and another bathroom on the third floor. Recent improvements to the property include the gas-fired furnace and central air-conditioning. Located in old Chestnut Hill's most sought-after location
Unit Size
3,724 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$804
Property Type
House
Property Taxes
$2,462
HOA Dues
-
Year Built
1857

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71637220)

Price History

Date / Event Date Event Price
Sep 2, 2014 Sold
Premium
Sold
Feb 26, 2014 Listed by Hammond Residential R. E. $2,995,000
Listed by Hammond Residential R. E.
Dec 4, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1857
  • Effective Year Built: 1857
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 23
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,172
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,443
  • Total Building Area: 3,724
  • Gross Building Area: 5,177
  • Building Area: 3,724
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,724
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001181
  • 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: 373600

Zoning

  • Zoning: SR1

Geography

  • Account Number: 63031 0008
  • District: 207
  • Parcel: NEWT S:63 B:031 L:0008
  • Block: 31
  • Lot: 8
  • Municipality: NEWTON
  • Latitude: 42.3297
  • Longitude: -71.1629

    Address

  • Full Address: 231 Chestnut Hill Rd
  • Address - House Number: 231
  • Address - Street Name: Chestnut Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chestnut Hill
  • Carrier Code: C004
  • 4-Digit Zip Code: 1313
  • Zip Code: 02467

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,284,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 3,756,257
  • High Value: 4,601,016
  • Low Value: 2,911,499

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $4,389,900
  • Assessed Land Value: $3,312,900
  • Assessed Improvements Value: $1,077,000

    Sales

  • Current Sale Recording Date: Sep 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 132607
  • Previous Sale Recording Date: Dec 04, 1990
  • Previous Sale Amount: $281,615
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Chestnut Hill

Stats & Trends

Median Asking:

$2,300,000

Sale Price/ft²

$729

Below Asking

0.03%

Average Days on Market

78

Average Home Size

4349 ft²

Average Home Age

71.7 years

Currently For Sale

21 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

Unit for rent at 1300 Commonwealth Ave, Allston, 02134

$3,850 /mo

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  • 1 Bath
1300 Commonwealth Ave, Allston, 02134 Listing by Inbound Real Estate
Unit for rent at 1600 Commonwealth Ave, Brighton, 02135

$2,750 /mo

  • 2 Beds
  • 1 Bath
1600 Commonwealth Ave, Brighton, 02135 Listing by Inbound Real Estate
Unit for rent at 1400 Commonwealth Ave, Allston, 02134

$1,100 /mo

  • 3 Beds
  • 1 Bath
1400 Commonwealth Ave, Allston, 02134 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71637220

Frequently Asked Questions

When was property at 231 Chestnut Hill Road built and last sold?
The property at 231 Chestnut Hill Road was built in 1857 and last sold on Jan 1, 1970 for $2,675,000.
How much is this home worth?
The estimated value of the home located at 231 Chestnut Hill Road is $2,999,634.
What are some comparable homes to 231 Chestnut Hill Road?
There are currently no comparable homes to 231 Chestnut Hill Road.
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