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Needham 02492
24 Fairfax Rd
$1,650,000
● House - Off Market

24 Fairfax Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,548 Ft²
$1,418,744
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Located in the sought-after Mitchell School district, this bright and welcoming eight room Colonial-style house offers a lovely floor plan and has been well maintained. The many windows provide wonderful light and hardwood floors further enhance the layout. Highlights include a living room with a fireplace and French doors opening to a beautiful screened-in porch overlooking the backyard, a separate dining room with two windows, and a modern kitchen with handsome cabinetry, granite countertops, and a delightful eating area. There are three spacious bedrooms and two and one-half modern bathrooms. The basement, with a fireplace, has a flexible room which could be used a fourth bedroom or office. The landscaped grounds include pretty plantings and a large fenced-in yard. There is a two-car attached garage.
Unit Size
2,548 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$549
Property Type
House
Property Taxes
$1,058
HOA Dues
-
Year Built
1950

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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 #72953624)

Price History

Date / Event Date Event Price
May 6, 2022 Sold
Premium
Sold
Mar 16, 2022 Listed by Hammond Residential Real Estate $1,399,999
Listed by Hammond Residential Real Estate
Aug 22, 2019 Sold
Premium
Sold
Apr 29, 2014 Sold
Premium
Sold
Jul 24, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 866
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,682
  • Gross Building Area: 2,548
  • Building Area: 1,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,682
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • 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:027.0 B:0070 L:0000.0
  • Block: 70
  • Municipality: NEEDHAM
  • Latitude: 42.2865
  • Longitude: -71.2175

    Address

  • Full Address: 24 Fairfax Rd
  • Address - House Number: 24
  • Address - Street Name: Fairfax
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4021
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,352,100

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,472,310
  • High Value: 1,725,208
  • Low Value: 1,219,412

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,036,900
  • Assessed Land Value: $580,800
  • Assessed Improvements Value: $456,100

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1502718
  • Previous Sale Recording Date: Aug 22, 2019
  • Previous Sale Contract Date: Jul 03, 2019
  • Previous Sale Amount: $1,105,000
  • Previous Sale Document Type: O
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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72953624

Frequently Asked Questions

When was property at 24 Fairfax Road built and last sold?
The property at 24 Fairfax Road was built in 1950 and last sold on May 6, 2022 for $1,660,000.
How much is this home worth?
The estimated value of the home located at 24 Fairfax Road is $1,439,883.
What are some comparable homes to 24 Fairfax Road?
There are currently no comparable homes to 24 Fairfax Road.
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