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Needham 02494
235 Brookline St
$1,120,000
● House - Off Market

235 Brookline St

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,390 Ft²
$892,505
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Incredible opportunity to own in Needham and take advantage of all that the town has to offer! This home has been loved by the same family since 1941 and is ready to be loved by you. With plenty of space for a small family to enjoy, there is also potential for future expansion. Don't miss the expansive, lush backyard with direct access to walking trails. This property is in a prime location just 1/10 mile to Mitchell, less than 1/2 mile to Needham High, and 1 mile to the center of town. OFFER DEADLINE: 5PM Monday July 24.
Unit Size
1,390 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$647
Property Type
House
Property Taxes
$797
HOA Dues
-
Year Built
1941

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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 #73138754)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Jul 25, 2023 In contract -
In contract
Jul 20, 2023 Listed by Commonwealth Standard Realty Advisors $899,000
Listed by Commonwealth Standard Realty Advisors

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1999
  • Total Rooms: 5
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,136
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,040
  • Gross Building Area: 2,176
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:056.0 B:0010 L:0000.0
  • Block: 10
  • Municipality: NEEDHAM
  • Latitude: 42.2877
  • Longitude: -71.2245

    Address

  • Full Address: 235 Brookline St
  • Address - House Number: 235
  • Address - Street Name: Brookline
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C007
  • 4-Digit Zip Code: 3606
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $956,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,016,689
  • High Value: 1,188,689
  • Low Value: 844,688

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $733,700
  • Assessed Land Value: $597,400
  • Assessed Improvements Value: $136,300

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54178
  • Previous Sale Recording Date: Jun 07, 2004
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 73138754

Frequently Asked Questions

When was property at 235 Brookline Street built and last sold?
The property at 235 Brookline Street was built in 1941 and last sold on Aug 16, 2023 for $1,120,000.
How much is this home worth?
The estimated value of the home located at 235 Brookline Street is $920,684.
What are some comparable homes to 235 Brookline Street?
There are currently no comparable homes to 235 Brookline Street.
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