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Needham 02494
308 Cedar St
$1,388,000
● House - Off Market

308 Cedar St

Needham, MA 02494
bedrooms
6 Beds
bathrooms
4 Baths
square feet
5,486 Ft²
$2,537,243
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

New Construction with an oversized lot for family entertainment ! 26,126 Sq. Ft. Lot. This  Custom colonial featuring First floor In-law suite with Bath. Exterior Walls 2 X 6 Construction. A home with attention to every detail. Tray ceiling in the dining room and living room. Unsurpassed bright large eat-in kitchen with Jenn-Air 6 burner range and exhaust hood. Built in microwave. Dishwasher,4 Door Refrigerator, Insinkerator disposal, stainless steel double sink. Family room has custom built in entertainment center, gas fireplace with remote. French door leads to over sized Deck, and a gorgeous yard. Cedar fencing encloses the entire yard for your children's safety. Easy excess to Rt. 9 and Rt. 128.  Lower level  would add 6th bedroom, family room and full bath.
Unit Size
5,486 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$255
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
2014

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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 #71572985)

Price History

Date / Event Date Event Price
Aug 8, 2014 Sold
Premium
Sold
Aug 21, 2013 Listed by William Raveis Prime $1,398,000
Listed by William Raveis Prime
May 28, 2013 Sold
Premium
Sold
Feb 26, 2013 Listed by William Raveis Prime $459,000
Listed by William Raveis Prime

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,880
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Total Building Area: 4,288
  • Gross Building Area: 6,072
  • Building Area: 4,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000600
  • 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: C

Geography

  • Parcel: NEED M:227.0 B:0017 L:0000.0
  • Block: 17
  • Municipality: NEEDHAM
  • Latitude: 42.3087
  • Longitude: -71.24

    Address

  • Full Address: 308 Cedar St
  • Address - House Number: 308
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1818
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,138,400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,350,866
  • High Value: 2,714,966
  • Low Value: 1,986,766

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,639,900
  • Assessed Land Value: $498,400
  • Assessed Improvements Value: $1,141,500

    Sales

  • Current Sale Recording Date: Aug 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 67252
  • Previous Sale Recording Date: May 28, 2013
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: O
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: 4 months ago
Data Source: MLS PIN, MLS# 71572985

Frequently Asked Questions

When was property at 308 Cedar Street built and last sold?
The property at 308 Cedar Street was built in 2014 and last sold on Jan 1, 1970 for $1,388,000.
How much is this home worth?
The estimated value of the home located at 308 Cedar Street is $1,416,274.
What are some comparable homes to 308 Cedar Street?
There are currently no comparable homes to 308 Cedar Street.
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