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Needham 02492
275 Broad Meadow Road
$550,000
● House - Off Market

275 Broad Meadow Road

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,375 Ft²
$957,934
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Charming 1930's Village Colonial with high ceilings, tons of Natural Light. Newer Kitchen with White Cabinets, Granite Counter Tops and Stainless Steel Appliances Opens to A lovely Formal Dining Room.  Beautiful Living Room with wood burning fireplace, triple windows,  and gorgeous hardwood floors.  Bright  front to back sun room off of living room.  3 Bedrooms and Full Bath on the second floor. Inground pool in the fenced in backyard for summer fun. Newer Roof, Gas Heating System, Replacement Windows, and Updated Electrical.  Easy Walk To Hersey T, Broadmeadow Elementary School and Town Center.
Unit Size
1,375 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$418
Property Type
House
Property Taxes
$602
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 #71999578)

Price History

Date / Event Date Event Price
Aug 22, 2016 Sold
Premium
Sold
May 4, 2016 Listed by RE/MAX Home Team $575,000
Listed by RE/MAX Home Team
Nov 25, 2009 Sold
Premium
Sold
Jul 29, 2009 Listed by RE/MAX Home Team $428,000
Listed by RE/MAX Home Team

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1997
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 775
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,375
  • Gross Building Area: 2,150
  • Building Area: 1,375
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,375
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:011.0 B:0020 L:0000.0
  • Block: 20
  • Municipality: NEEDHAM
  • Latitude: 42.2764
  • Longitude: -71.2142

    Address

  • Full Address: 275 Broad Meadow Rd
  • Address - House Number: 275
  • Address - Street Name: Broad Meadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C024
  • 4-Digit Zip Code: 4206
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $875,900

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 924,613
  • High Value: 1,064,725
  • Low Value: 784,501

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $671,700
  • Assessed Land Value: $481,600
  • Assessed Improvements Value: $190,100

    Sales

  • Current Sale Recording Date: Aug 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 83889
  • Previous Sale Recording Date: Nov 25, 2009
  • Previous Sale Amount: $395,000
  • 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

4296 ft²

Average Home Age

38.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71999578

Frequently Asked Questions

When was property at 275 Broad Meadow Road built and last sold?
The property at 275 Broad Meadow Road was built in 1930 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 275 Broad Meadow Road is $583,947.
What are some comparable homes to 275 Broad Meadow Road?
There are currently no comparable homes to 275 Broad Meadow Road.
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