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Needham 02492
297 Chestnut Street
$280,000
● House - Off Market

297 Chestnut Street

Needham, MA 02492
bedrooms
2 Beds
bathrooms
1 Bath
square feet
744 Ft²
$748,831
RealtyHop Estimate
149.61%
Since Aug 1, 2001
MA-Boston
Primary Model

About This Property

SINGLE FAMILY HOME WITH IN-TOWN LOCATION.  NICE LIVING ROOM, UPDATED KITCHEN WITH SEPARATE DINING AREA. 2 BEDROOMS AND BATH.  POSSIBLE COMMERCIAL USE.
Unit Size
744 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$403
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1923

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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 years ago (MLSPIN #30502215)

Price History

Date / Event Date Event Price
Jul 30, 2001 Sold
Premium
Sold
May 7, 2001 Listed by Louise Condon Realty $300,000
Listed by Louise Condon Realty
Jun 28, 1991 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1980
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 744
  • Gross Building Area: 1,488
  • Building Area: 744
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 744
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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: 403300

Zoning

  • Zoning: CS

Geography

  • Parcel: NEED M:046.0 B:0050 L:0000.0
  • Block: 50
  • Municipality: NEEDHAM
  • Latitude: 42.2751
  • Longitude: -71.238

    Address

  • Full Address: 297 Chestnut St
  • Address - House Number: 297
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C016
  • 4-Digit Zip Code: 2406
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $484,400

    Appraisal Valuation

  • Standard Deviation: 0.1193
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 517,529
  • High Value: 579,297
  • Low Value: 455,761

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,500
  • Assessed Land Value: $308,900
  • Assessed Improvements Value: $62,600

    Sales

  • Current Sale Recording Date: Jul 30, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 28, 1991
  • Previous Sale Amount: $90,000
  • 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 years ago
Data Source: MLS PIN, MLS# 30502215

Frequently Asked Questions

When was property at 297 Chestnut Street built and last sold?
The property at 297 Chestnut Street was built in 1923 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 297 Chestnut Street is $0.
What are some comparable homes to 297 Chestnut Street?
There are currently no comparable homes to 297 Chestnut Street.
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