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Needham 02494
27 Mills Rd
$700,000
● House - Off Market

27 Mills Rd

Needham, MA 02494
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,027 Ft²
$829,316
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Looking to downsize or break into the Needham market? Here is your opportunity! Charming, quaint, and cute as a button with gleaming hardwood floors throughout, solid oak cabinets in the kitchen, spacious bedrooms, and open floor plan. Updates include brand new central air ('19) and newer roof. Expand your living area into the walkout basement or walkup attic! This home is move-in ready and just waiting for a few of your personal touches. Don't let this one slip on by!
Unit Size
1,027 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$711
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1989

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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 years ago (MLSPIN #72834544)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
May 19, 2021 Listed by Keller Williams Realty $730,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2022
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,000
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,027
  • Gross Building Area: 2,027
  • Building Area: 2,027
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,027
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:071.0 B:0034 L:0000.0
  • Block: 34
  • Municipality: NEEDHAM
  • Latitude: 42.2987
  • Longitude: -71.2297

    Address

  • Full Address: 27 Mills Rd
  • Address - House Number: 27
  • Address - Street Name: Mills
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C047
  • 4-Digit Zip Code: 2114
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $959,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,039,621
  • High Value: 1,214,419
  • Low Value: 864,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $736,100
  • Assessed Land Value: $442,600
  • Assessed Improvements Value: $293,500

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129878
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

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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 years ago
Data Source: MLS PIN, MLS# 72834544

Frequently Asked Questions

When was property at 27 Mills Road built and last sold?
The property at 27 Mills Road was built in 1989 and last sold on Oct 8, 2021 for $700,000.
How much is this home worth?
The estimated value of the home located at 27 Mills Road is $0.
What are some comparable homes to 27 Mills Road?
There are currently no comparable homes to 27 Mills Road.
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