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Needham 02494
25 Hoover Road
$2,200,000
● House - Off Market

25 Hoover Road

Needham, MA 02494
bedrooms
6 Beds
bathrooms
6 Baths
square feet
7,462 Ft²
$3,247,543
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Exceptional sophisticated new construction gambrel designed home by Mike Mckay . Built by Golden Development Corp, builder of custom homes in Brookline, Newton, Needham and Dover. Excellent craftsmanship throughout. Abundance of natural light and views. Open transitional floor plan. Custom face framed inset cabinetry in kitchen and all baths. Huge master suite and generous family bedrooms. Walk up 3rd floor with bonus room, bedroom and full bath. Office / bedroom on the first level. Finished 9' lower level with unlimited possibilities, a full bath and walkout to a patio over looking a 15,000 sq ft fenced in level yard. Smart house technology, Hydro air, exceeds all energy codes HERS rating 45. All within a short walk to Train, Mitchell School and the High School.    WWW.GOLDENDEVELOPMENTCORP.COM
Unit Size
7,462 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$302
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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: 5 months ago (MLSPIN #72419069)

Price History

Date / Event Date Event Price
Apr 18, 2019 Sold
Premium
Sold
Nov 2, 2018 Listed by Louis Wolfson $2,250,000
Listed by Louis Wolfson
Nov 6, 2017 Sold
Premium
Sold
Sep 13, 2017 Listed by Louis Wolfson $775,000
Listed by Louis Wolfson

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 14
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,949
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 5,821
  • Gross Building Area: 7,780
  • Building Area: 5,821
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,821
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • 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:060.0 B:0035 L:0000.0
  • Block: 35
  • Municipality: NEEDHAM
  • Latitude: 42.2923
  • Longitude: -71.2265

    Address

  • Full Address: 25 Hoover Rd
  • Address - House Number: 25
  • Address - Street Name: Hoover
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1903
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,036,900

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 3,101,411
  • High Value: 3,627,163
  • Low Value: 2,575,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,328,900
  • Assessed Land Value: $560,900
  • Assessed Improvements Value: $1,768,000

    Sales

  • Current Sale Contract Date: Apr 18, 2019
  • Current Sale Recording Date: Apr 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28206
  • Previous Sale Recording Date: Nov 06, 2017
  • Previous Sale Amount: $781,462
  • 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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4274 ft²

Average Home Age

37.8 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: 5 months ago
Data Source: MLS PIN, MLS# 72419069

Frequently Asked Questions

When was property at 25 Hoover Road built and last sold?
The property at 25 Hoover Road was built in 2018 and last sold on Apr 18, 2019 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 25 Hoover Road is $2,293,815.
What are some comparable homes to 25 Hoover Road?
There are currently no comparable homes to 25 Hoover Road.
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