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Needham 02494
28 Mellen St
$519,000
● House - Off Market

28 Mellen St

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,781 Ft²
$1,030,856
RealtyHop Estimate
94.87%
Since Apr 1, 2004
MA-Boston
Primary Model

About This Property

FARMHOUSE WITH 1781 SF OF LIVING SPACE. LIVING ROOM AND DINING ROOM OPEN TO EACH OTHER. FAMILY ROOM ADDITION WITH SLIDERS TO DECK AND LOVELY BACKYARD. FULL BATH OFF LARGE KITCHEN. 3 BEDROOMS UP WITH SUPER NEW BATH.
Unit Size
1,781 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$297
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1890

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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 #30797571)

Price History

Date / Event Date Event Price
Mar 11, 2004 Sold
Premium
Sold
Dec 18, 2003 Listed by Louise Condon Realty $529,000
Listed by Louise Condon Realty
Jan 21, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 2006
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • 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: 1,130
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 2,416
  • Gross Building Area: 3,546
  • Building Area: 2,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,416
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000260
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:063.0 B:0019 L:0000.0
  • Block: 19
  • Municipality: NEEDHAM
  • Latitude: 42.2918
  • Longitude: -71.2332

    Address

  • Full Address: 28 Mellen St
  • Address - House Number: 28
  • Address - Street Name: Mellen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1202
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,239,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,615,256
  • High Value: 1,971,456
  • Low Value: 1,259,056

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $950,800
  • Assessed Land Value: $443,500
  • Assessed Improvements Value: $507,300

    Sales

  • Current Sale Recording Date: Mar 11, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14272
  • Previous Sale Recording Date: Jan 21, 1994
  • Previous Sale Amount: $227,000
  • 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:

$1,629,000

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30797571

Frequently Asked Questions

When was property at 28 Mellen Street built and last sold?
The property at 28 Mellen Street was built in 1890 and last sold on Jan 1, 1970 for $519,000.
How much is this home worth?
The estimated value of the home located at 28 Mellen Street is $558,666.
What are some comparable homes to 28 Mellen Street?
There are currently no comparable homes to 28 Mellen Street.
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