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Needham 02492
31 Fair Oaks Park
Photo of 31 Fair Oaks Park
Sold on Jul 6, 2007

1

Map

$680,000
● House - Off Market

31 Fair Oaks Park

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,770 Ft²
$1,366,128
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Come see this beautiful, bright Colonial in one of Needham's most desirable neighborhoods! Mint condition, 3/4 bedroom Colonial with hardwood floors, large dining room with original built-in china cabinet and window seat, lovely living room with fireplace, and updated white kitchen. The fourth room on 2nd floor could be used as a den or office.  Huge unfinished attic and basement. Great potential for new owner. Nice landscaped lot.  Steps to Needham Center, train, and shops. Don't miss it!
Unit Size
1,770 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$412
Property Type
House
Property Taxes
$475
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 months ago (MLSPIN #70522017)

Price History

Date / Event Date Event Price
Jul 6, 2007 Sold
Premium
Sold
Feb 6, 2007 Listed $729,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1998
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,426
  • 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: 2,759
  • Gross Building Area: 4,184
  • Building Area: 2,759
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,759
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENRY L & LAURA N SHINE
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:053.0 B:0041 L:0000.0
  • Block: 41
  • Municipality: NEEDHAM
  • Latitude: 42.2834
  • Longitude: -71.2317

    Address

  • Full Address: 31 Fair Oaks Park
  • Address - House Number: 31
  • Address - Street Name: Fair Oaks
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Needham
  • Carrier Code: C006
  • 4-Digit Zip Code: 3101
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,432,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,574,389
  • High Value: 1,818,228
  • Low Value: 1,330,549

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,098,300
  • Assessed Land Value: $592,200
  • Assessed Improvements Value: $506,100

    Sales

  • Current Sale Recording Date: Jul 06, 2007
  • 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:

$1,627,000

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# 70522017

Frequently Asked Questions

When was property at 31 Fair Oaks Park built and last sold?
The property at 31 Fair Oaks Park was built in 1923 and last sold on Jan 1, 1970 for $680,000.
How much is this home worth?
The estimated value of the home located at 31 Fair Oaks Park is $746,740.
What are some comparable homes to 31 Fair Oaks Park?
There are currently no comparable homes to 31 Fair Oaks Park.
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