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Needham 02492
250 Edgewater Drive
$1,100,000
● House - Off Market

250 Edgewater Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,900 Ft²
$1,752,542
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Don't miss the seldom available opportunity to own this large raised ranch in sought-after executive area.  4/5 Bedroom, 3.5 baths, situated with lots of privacy and in-ground heated pool for those summer days to look forward to. Fireplace living room with beautiful bow window, diningroom,  eat-in kitchen and lovely sun room. Mostly hardwoods under carpeting.  Large master suite with full bath and two closets (one walk-in).  Lower level has fireplace family room, additional large rec/familyroom with pool table included.  Office or bedroom and half-bath, plumbed for shower.  Beautiful mature landscaping with inground sprinklers, plus 2 car garage and shed.  All this and only minutes to the highway and close to town and train.  Come make your own new memories in this lovely, spacious home.
Unit Size
2,900 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$422
Property Type
House
Property Taxes
$1,059
HOA Dues
-
Year Built
1961

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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 #72447404)

Price History

Date / Event Date Event Price
Aug 16, 2019 Sold
Premium
Sold
Jan 30, 2019 Listed by Louise Condon Realty $1,225,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 1,772
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,675
  • Gross Building Area: 3,613
  • Building Area: 3,675
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,675
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000001000
  • 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: SRA

Geography

  • Parcel: NEED M:201.0 B:0041 L:0000.0
  • Block: 41
  • Municipality: NEEDHAM
  • Latitude: 42.2664
  • Longitude: -71.2229

    Address

  • Full Address: 250 Edgewater Dr
  • Address - House Number: 250
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2712
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,885,900

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,413,428
  • High Value: 2,821,725
  • Low Value: 2,005,131

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,213,100
  • Assessed Land Value: $700,000
  • Assessed Improvements Value: $1,513,100

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Aug 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71899
  • Previous Sale Recording Date: Jul 10, 2014
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 72447404

Frequently Asked Questions

When was property at 250 Edgewater Drive built and last sold?
The property at 250 Edgewater Drive was built in 1961 and last sold on Aug 8, 2019 for $1,114,031.
How much is this home worth?
The estimated value of the home located at 250 Edgewater Drive is $1,246,537.
What are some comparable homes to 250 Edgewater Drive?
There are currently no comparable homes to 250 Edgewater Drive.
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