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Needham 02492
27 Richard Rd
Photo of 27 Richard Rd
Sold on Jun 15, 2007

1

Map

$705,000
● House - Off Market

27 Richard Rd

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$1,302,817
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Beautiful and spacious 4 bedroom, 3 full-bath Multi-Level on a quiet street in desirable Birds Hill neighborhood. Entertainment-friendly living + dining area opens to 3 season porch and private wooded backyard with patio.  Ammenities include: kitchen with granite counters and stainless steel appliances, air-conditioning, hardwood floors and a family room with custom built-ins. Master bedroom with bath and walk-in closet. Walk to train and new Broadmeadow school.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$291
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1956

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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 #70540643)

Price History

Date / Event Date Event Price
Jun 15, 2007 Sold
Premium
Sold
Mar 14, 2007 Listed $699,000
Listed
Mar 26, 1987 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,496
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 2,236
  • Gross Building Area: 3,735
  • Building Area: 2,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,236
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:020.0 B:0066 L:0000.0
  • Block: 66
  • Municipality: NEEDHAM
  • Latitude: 42.2827
  • Longitude: -71.2102

    Address

  • Full Address: 27 Richard Rd
  • Address - House Number: 27
  • Address - Street Name: Richard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C021
  • 4-Digit Zip Code: 4321
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,554,500

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,581,285
  • High Value: 1,826,193
  • Low Value: 1,336,377

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,192,100
  • Assessed Land Value: $589,900
  • Assessed Improvements Value: $602,200

    Sales

  • Current Sale Recording Date: Jun 15, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 26, 1987
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 27
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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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# 70540643

Frequently Asked Questions

When was property at 27 Richard Road built and last sold?
The property at 27 Richard Road was built in 1956 and last sold on Jan 1, 1970 for $705,000.
How much is this home worth?
The estimated value of the home located at 27 Richard Road is $736,686.
What are some comparable homes to 27 Richard Road?
There are currently no comparable homes to 27 Richard Road.
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