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Needham 02492
242 Marked Tree Rd
$799,500
● House - Off Market

242 Marked Tree Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,684 Ft²
$1,126,444
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Well-maintained, this lovely eight-room single-family Cape-style residence is set on a bright corner lot near the town forest. Features include a living room with a fireplace, a large family room off the kitchen, a gracious dining room, a first-floor office, three bedrooms, and two full bathrooms. There is a full basement with high ceilings and finishing potential. Also offered are a pretty yard and a garage. This property has tremendous expansion opportunities and is close to the town center shops, commuter rail, and restaurants.
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$475
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1946

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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 #72611660)

Price History

Date / Event Date Event Price
Feb 27, 2020 Sold
Premium
Sold
Jan 24, 2020 Listed by Hammond Residential Real Estate $799,999
Listed by Hammond Residential Real Estate
Apr 12, 1985 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 2020
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 936
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,750
  • Gross Building Area: 2,620
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:137.0 B:0040 L:0000.0
  • Block: 40
  • Municipality: NEEDHAM
  • Latitude: 42.2756
  • Longitude: -71.252

    Address

  • Full Address: 242 Marked Tree Rd
  • Address - House Number: 242
  • Address - Street Name: Marked Tree
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C028
  • 4-Digit Zip Code: 1649
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,164,100

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,167,386
  • High Value: 1,364,881
  • Low Value: 969,891

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $892,700
  • Assessed Land Value: $429,400
  • Assessed Improvements Value: $463,300

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Feb 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1441145
  • Previous Sale Recording Date: Apr 12, 1985
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72611660

Frequently Asked Questions

When was property at 242 Marked Tree Road built and last sold?
The property at 242 Marked Tree Road was built in 1946 and last sold on Feb 25, 2020 for $799,500.
How much is this home worth?
The estimated value of the home located at 242 Marked Tree Road is $817,757.
What are some comparable homes to 242 Marked Tree Road?
There are currently no comparable homes to 242 Marked Tree Road.
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