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Needham 02492
234 Elmwood Rd
$775,300
● House - Off Market

234 Elmwood Rd

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,886 Ft²
$1,391,351
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Finally! A large classic colonial located in very desirable neighborhood setting. Looking for a professional in home office ? This home offers a  separate exterior plus interior entrance office. Four upstairs bedrooms, master with bath!  Laundry room on second floor. First floor with large living room, dining room with door to back porch. Breakfast area connected to kitchen. Hardwood floors throughout. Finished basement.  Well situated for access to train, schools, major roads. Needs minor cosmetics and some work, sold as-is.
Unit Size
2,886 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$277
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1960

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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 #71807510)

Price History

Date / Event Date Event Price
Jun 29, 2015 Sold
Premium
Sold
Mar 27, 2015 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $799,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2000
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,347
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 2,907
  • Gross Building Area: 4,254
  • Building Area: 2,907
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,907
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHISPERING PINES
  • Land Acres: 0000000320
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:005.0 B:0031 L:0000.0
  • Block: 31
  • Municipality: NEEDHAM
  • Latitude: 42.272
  • Longitude: -71.2075

    Address

  • Full Address: 234 Elmwood Rd
  • Address - House Number: 234
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 4547
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,230,500

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,326,068
  • High Value: 1,527,014
  • Low Value: 1,125,121

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $943,600
  • Assessed Land Value: $587,300
  • Assessed Improvements Value: $356,300

    Sales

  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58999
  • Previous Sale Recording Date: Apr 18, 2014
  • 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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71807510

Frequently Asked Questions

When was property at 234 Elmwood Road built and last sold?
The property at 234 Elmwood Road was built in 1960 and last sold on Jan 1, 1970 for $775,300.
How much is this home worth?
The estimated value of the home located at 234 Elmwood Road is $844,693.
What are some comparable homes to 234 Elmwood Road?
There are currently no comparable homes to 234 Elmwood Road.
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