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Needham 02492
26 Laurel Dr
$745,000
● House - Off Market

26 Laurel Dr

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,699 Ft²
$1,044,016
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Unimaginable potential is the phrase that best describes this generously sized home in one of Needham's most desirable neighborhoods. This home offers a newer roof and heating system (all within last ten years) and is located just a short walking distance from the commuter and town center. Forced air heat and central AC and a private driveway with detached garage. Large deck off the back offers great entertainment space and overlooks a great backyard!  Put your modern touches on this home and enjoy instant equity! Home is priced to sell!
Unit Size
1,699 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$411
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
1940

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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 #72426867)

Price History

Date / Event Date Event Price
Dec 31, 2018 Sold
Premium
Sold
Nov 26, 2018 Listed by Connell Realty, Inc. $699,000
Listed by Connell Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1998
  • 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: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,061
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,212
  • Gross Building Area: 2,760
  • Building Area: 2,212
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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:037.0 B:0049 L:0000.0
  • Block: 49
  • Municipality: NEEDHAM
  • Latitude: 42.2721
  • Longitude: -71.2334

    Address

  • Full Address: 26 Laurel Dr
  • Address - House Number: 26
  • Address - Street Name: Laurel
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 3205
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,110,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,236,881
  • High Value: 1,446,134
  • Low Value: 1,027,629

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,900
  • Assessed Land Value: $518,800
  • Assessed Improvements Value: $333,100

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Dec 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115981
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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72426867

Frequently Asked Questions

When was property at 26 Laurel Drive built and last sold?
The property at 26 Laurel Drive was built in 1940 and last sold on Dec 28, 2018 for $745,000.
How much is this home worth?
The estimated value of the home located at 26 Laurel Drive is $724,455.
What are some comparable homes to 26 Laurel Drive?
There are currently no comparable homes to 26 Laurel Drive.
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