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Needham 02492
241 May Street
Photo of 241 May Street
Sold on Jun 27, 2008

1

Map

$542,000
● House - Off Market

241 May Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,450 Ft²
$1,100,910
RealtyHop Estimate
96.94%
Since Jul 1, 2008
MA-Boston
Primary Model

About This Property

CHARMING MULTI LEVEL HOME!!! New Roof, New Central Air, New 200 Amp Service, New Windows, All New Kitchen and Maytag Stainless Steel Appliances, New Moldings and Crown Molding through out, Newly Refinished Hard Woods and just Professionally Painted with C2 Paint Collection, New Landscaping, TOO MUCH TOO LIST!!... LIKE BUYING A NEW HOME!!... THIS HOME IS TRULY MINT AND IN MOVE IN CONDITION!...YOU WILL NOT FIND A NICER HOME AT THIS PRICE IN NEEDHAM!!
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$386
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1952

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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 #70649877)

Price History

Date / Event Date Event Price
Jun 26, 2008 Sold
Premium
Sold
Sep 18, 2007 Listed $559,000
Listed
May 14, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,104
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,156
  • Gross Building Area: 2,260
  • Building Area: 1,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,156
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:052.0 B:0053 L:0000.0
  • Block: 53
  • Municipality: NEEDHAM
  • Latitude: 42.2833
  • Longitude: -71.2394

    Address

  • Full Address: 241 May St
  • Address - House Number: 241
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C025
  • 4-Digit Zip Code: 2328
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $949,400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 958,649
  • High Value: 1,107,123
  • Low Value: 810,174

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $728,100
  • Assessed Land Value: $453,300
  • Assessed Improvements Value: $274,800

    Sales

  • Current Sale Recording Date: Jun 26, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 61609
  • Previous Sale Recording Date: May 14, 2007
  • Previous Sale Amount: $351,000
  • 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:

$1,627,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4224 ft²

Average Home Age

40.7 years

Currently For Sale

69 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# 70649877

Frequently Asked Questions

When was property at 241 May Street built and last sold?
The property at 241 May Street was built in 1952 and last sold on Jan 1, 1970 for $542,000.
How much is this home worth?
The estimated value of the home located at 241 May Street is $576,550.
What are some comparable homes to 241 May Street?
There are currently no comparable homes to 241 May Street.
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