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Needham 02494
29 Cheney Street
$580,000
● House - Off Market

29 Cheney Street

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$825,973
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

One of life's simple pleasures is this Cape Cod style home. Ready for its' new owners, this house is located on a dead end street and offers three bedrooms & two full baths. Only minutes to restaurants, shops, public transportation, or major roadways. Screened sunroom running the full width of the house leads out to the flat backyard. At the end of the cul-de-sac with extra paved space in front for parking or play.  ~ New 4 bedroom septic installed 2004 ~ Harvey Vinyl Windows 2006 ~ New Roof 2015 ~ New Carpeting 2019 ~
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$432
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72536240)

Price History

Date / Event Date Event Price
Oct 31, 2019 Sold
Premium
Sold
Jul 18, 2019 Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave. $580,000
Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave.
Feb 24, 1984 Sold
Premium
Sold

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,344
  • Gross Building Area: 2,112
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • 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: SRA

Geography

  • Parcel: NEED M:058.0 B:0002 L:0000.0
  • Block: 2
  • Municipality: NEEDHAM
  • Latitude: 42.2943
  • Longitude: -71.2183

    Address

  • Full Address: 29 Cheney St
  • Address - House Number: 29
  • Address - Street Name: Cheney
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C058
  • 4-Digit Zip Code: 2009
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $835,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 920,558
  • High Value: 1,083,711
  • Low Value: 757,405

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $640,900
  • Assessed Land Value: $500,000
  • Assessed Improvements Value: $140,900

    Sales

  • Current Sale Contract Date: Sep 28, 2019
  • Current Sale Recording Date: Oct 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100386
  • Previous Sale Recording Date: Feb 24, 1984
  • Previous Sale Amount: $98,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72536240

Frequently Asked Questions

When was property at 29 Cheney Street built and last sold?
The property at 29 Cheney Street was built in 1949 and last sold on Sep 28, 2019 for $580,000.
How much is this home worth?
The estimated value of the home located at 29 Cheney Street is $596,593.
What are some comparable homes to 29 Cheney Street?
There are currently no comparable homes to 29 Cheney Street.
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