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Needham 02494
3 Crescent Rd
Photo of 3 Crescent Rd
Sold on Feb 26, 2026

15

Map

Photo of 3 Crescent Rd
Photo of 3 Crescent Rd
$900,000
● House - Off Market

3 Crescent Rd

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath
square feet
806 Ft²
$5,451
Est. Monthly

About This Property

Attention Builders and Developers, End-users looking to design and build custom, and Investor redevelopment projects take a look at this opportunity. Located in Needham Heights just steps (approx. 2 blocks) from the commuter rail, this property offers one of the most strategic locations in town. Sitting within a GR (General Residence) zone, the site is ideal for redevelopment, expansion, or potential multi-unit construction (subject to town approvals). Unlock the potential of this site and bring your vision to one of Needham's most connected locations.
Unit Size
806 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$1,179
Property Type
House
Property Taxes
$786
HOA Dues
-
Year Built
1914

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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: 8 months ago (MLSPIN #73457828)

Price History

Date / Event Date Event Price
Feb 26, 2026 Sold
Premium
Sold
Dec 16, 2025 In contract -
In contract
Dec 9, 2025 Price Decreased $949,900
↓ $40K (4%)
Price Decreased
Nov 26, 2025 Listed by Keller Williams Realty $989,900
Listed by Keller Williams Realty
May 16, 1983 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1914
  • 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: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 650
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,456
  • Gross Building Area: 2,106
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    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: 403502

Zoning

  • Zoning: GR

Geography

  • Parcel: NEED M:099.0 B:0050 L:0000.0
  • Block: 50
  • Municipality: NEEDHAM
  • Latitude: 42.2935
  • Longitude: -71.2377

    Address

  • Full Address: 3 Crescent Rd
  • Address - House Number: 3
  • Address - Street Name: Crescent
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C053
  • 4-Digit Zip Code: 1435
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $829,900

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 987,764
  • High Value: 1,140,748
  • Low Value: 834,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $636,400
  • Assessed Land Value: $480,700
  • Assessed Improvements Value: $155,700

    Sales

  • Current Sale Recording Date: May 16, 1983
  • Current Sale Price:
    Premium
  • Current 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

Rentals Near You

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Last Updated: 8 months ago
Data Source: MLS PIN, MLS# 73457828

Frequently Asked Questions

When was property at 3 Crescent Road built and last sold?
The property at 3 Crescent Road was built in 1914 and last sold on Jan 1, 1970 for $85,000.
How much is this home worth?
The estimated value of the home located at 3 Crescent Road is $0.
What are some comparable homes to 3 Crescent Road?
There are currently no comparable homes to 3 Crescent Road.
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