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Needham 02494
278 Central Ave
Photo of 278 Central Ave
Sold on Sep 12, 2011

1

Map

$740,000
● House - Off Market

278 Central Ave

Needham, MA 02494
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,104 Ft²
$1,637,231
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

Price drastically reduced to sell!  This young colonial with beautiful brick front has it all: Gracious sun filed foyer, beautiful kitchen with granite countertops and island, two separate staircases to 2nd floor, living with fireplace, cathedral ceilings with skylights, 2-zone central A/C and heat, 1st floor office with French doors, spacious master bath with whirlpool, 4 bdr. and 4 full bath, 2 car garage, and a great  fenced yard with deck. Make it you dream home. OH July 17 12-1pm
Unit Size
3,104 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$252
Property Type
House
Property Taxes
$639
HOA Dues
-
Year Built
2002

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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 #71221960)

Price History

Date / Event Date Event Price
Sep 12, 2011 Sold
Premium
Sold
Apr 26, 2011 Listed by My Realty $780,900
Listed by My Realty
Jan 17, 2007 Sold
Premium
Sold
Jun 8, 2006 Listed by My Realty $799,000
Listed by My Realty
Aug 23, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 1
  • 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: 1,400
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,188
  • Gross Building Area: 4,504
  • Building Area: 3,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:087.0 B:0079 L:0000.0
  • Block: 79
  • Municipality: NEEDHAM
  • Latitude: 42.3065
  • Longitude: -71.237

    Address

  • Full Address: 278 Central Ave
  • Address - House Number: 278
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 2438
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,299,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,572,980
  • High Value: 1,839,632
  • Low Value: 1,306,328

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $996,400
  • Assessed Land Value: $409,000
  • Assessed Improvements Value: $587,400

    Sales

  • Current Sale Recording Date: Sep 12, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: Jan 17, 2007
  • Previous Sale Amount: $765,000
  • 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

$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# 71221960

Frequently Asked Questions

When was property at 278 Central Avenue built and last sold?
The property at 278 Central Avenue was built in 2002 and last sold on Jan 1, 1970 for $740,000.
How much is this home worth?
The estimated value of the home located at 278 Central Avenue is $834,099.
What are some comparable homes to 278 Central Avenue?
There are currently no comparable homes to 278 Central Avenue.
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