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Needham 02494
26 Sherman Street
$1,050,000
● House - Off Market

26 Sherman Street

Needham, MA 02494
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,410 Ft²
$943,037
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this charming 3 bedroom, 3 bathroom bungalow in Needham.  Deceptively spacious home has had significant renovations throughout!  A recent addition to the home consisting of a primary bedroom, full bathroom with double vanity with marble top,  and an oversized 2 car attached garage with direct access to the home .  The main living area features a formal living room with hardwood floors, 2 generous sized bedrooms, another full bathroom, and a bonus home office. Additional living area can be found in the walkout lower level, featuring a family room, separate sleeping area, and a full bathroom, perfect for guests or au-pair. Fantastic location close to Rt 95 and the commuter rail.
Unit Size
2,410 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$394
Property Type
House
Property Taxes
$725
HOA Dues
-
Year Built
1930

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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 #73113421)

Price History

Date / Event Date Event Price
Aug 10, 2023 Sold
Premium
Sold
Jun 1, 2023 In contract -
In contract
May 18, 2023 Listed by Coldwell Banker Realty - Westwood $949,900
Listed by Coldwell Banker Realty - Westwood
Nov 19, 2019 Sold
Premium
Sold
Sep 26, 2019 Listed by Coldwell Banker Realty - Westwood $699,000
Listed by Coldwell Banker Realty - Westwood
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2008
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 966
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,626
  • Gross Building Area: 2,592
  • Building Area: 1,626
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,626
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:084.0 B:0003 L:0000.0
  • Block: 3
  • Municipality: NEEDHAM
  • Latitude: 42.3133
  • Longitude: -71.2328

    Address

  • Full Address: 26 Sherman St
  • Address - House Number: 26
  • Address - Street Name: Sherman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C050
  • 4-Digit Zip Code: 3124
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $869,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,088,347
  • High Value: 1,281,237
  • Low Value: 895,456

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $666,900
  • Assessed Land Value: $414,400
  • Assessed Improvements Value: $252,500

    Sales

  • Current Sale Contract Date: Aug 10, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51685
  • Previous Sale Recording Date: Nov 19, 2019
  • Previous Sale Contract Date: Nov 09, 2019
  • Previous Sale Amount: $690,000
  • Previous Sale Document Type: O

    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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73113421

Frequently Asked Questions

When was property at 26 Sherman Street built and last sold?
The property at 26 Sherman Street was built in 1930 and last sold on Aug 10, 2023 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 26 Sherman Street is $964,906.
What are some comparable homes to 26 Sherman Street?
There are currently no comparable homes to 26 Sherman Street.
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