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Needham 02492
242 Dedham Ave
$512,500
● House - Off Market

242 Dedham Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,144 Ft²
$879,840
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

Rarely available in this price range and location! Perfect for the family looking to get in to Needham. A cozy living room with fireplace greets you at entry. This 3 bedroom and 2 bath home is walking distance to all that makes Needham attractive- trains, parks and playgrounds, shopping, restaurants, conservation areas and the Pollard and Broadmeadow schools. A large finished basement and a three-season porch/office offer additional living space. This home also features a wooded backyard with patio and a two-car garage. A wonderful opportunity for the person looking to live in one of the areas most desirable suburbs.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$437
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1955

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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 #71940422)

Price History

Date / Event Date Event Price
Feb 5, 2016 Sold
Premium
Sold
Dec 10, 2015 Listed by Robert Koritz Real Estate $499,900
Listed by Robert Koritz Real Estate
Aug 11, 2006 Sold
Premium
Sold
Apr 20, 2006 Listed by Robert Koritz Real Estate $499,999
Listed by Robert Koritz Real Estate
Sep 29, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2015
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,144
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,144
  • Gross Building Area: 2,288
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,144
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:038.0 B:0031 L:0000.0
  • Block: 31
  • Municipality: NEEDHAM
  • Latitude: 42.2756
  • Longitude: -71.2291

    Address

  • Full Address: 242 Dedham Ave
  • Address - House Number: 242
  • Address - Street Name: Dedham
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 3034
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,017,100

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 971,856
  • High Value: 1,134,933
  • Low Value: 808,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $780,000
  • Assessed Land Value: $493,600
  • Assessed Improvements Value: $286,400

    Sales

  • Current Sale Recording Date: Feb 05, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11193
  • Previous Sale Recording Date: Aug 11, 2006
  • Previous Sale Amount: $490,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

3984 ft²

Average Home Age

38.7 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71940422

Frequently Asked Questions

When was property at 242 Dedham Avenue built and last sold?
The property at 242 Dedham Avenue was built in 1955 and last sold on Jan 1, 1970 for $512,500.
How much is this home worth?
The estimated value of the home located at 242 Dedham Avenue is $513,185.
What are some comparable homes to 242 Dedham Avenue?
There are currently no comparable homes to 242 Dedham Avenue.
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