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Needham 02492
32 Elmwood Road
$1,160,000
● House - Off Market

32 Elmwood Road

Needham, MA 02492
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,382 Ft²
$2,006,529
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

Meticulous Colonial in Needham's desirable Bird's Hill neighborhood.  Spectacular open floor plan, perfect for entertaining.  Custom kitchen with granite and stainless steel appliances opens to  dining area with custom wet bar and entertainment center. Beautiful fireplaced living room and vaulted sun filled family room complete the first floor.  Second floor or private third floor master suite offers cathedral ceiling and jacuzzi bath. Central vacuum, central air conditioning, sprinkler system and fenced in backyard.  Convenient to downtown and all major routes.  Very close to Broadmeadow elementary, Pollard middle school and Hershey train.  This is one not to be missed!! Open Sat. 1-3 and Sunday 1-3  Offers, if any, will be reviewed Sunday night at 6pm.
Unit Size
3,382 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$325
Property Type
House
Property Taxes
$941
HOA Dues
-
Year Built
1951

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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: 5 months ago (MLSPIN #71643970)

Price History

Date / Event Date Event Price
Apr 25, 2014 Sold
Premium
Sold
Mar 12, 2014 Listed by JT Fleming & Company $1,099,000
Listed by JT Fleming & Company
Apr 7, 2005 Sold
Premium
Sold
Feb 4, 2005 Listed by JT Fleming & Company $949,000
Listed by JT Fleming & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 2001
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,620
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 3,498
  • Gross Building Area: 5,002
  • Building Area: 3,498
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,498
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000210
  • 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: SRB

Geography

  • Parcel: NEED M:007.0 B:0034 L:0000.0
  • Block: 34
  • Municipality: NEEDHAM
  • Latitude: 42.2756
  • Longitude: -71.2124

    Address

  • Full Address: 32 Elmwood Rd
  • Address - House Number: 32
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 4508
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,775,000

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,957,204
  • High Value: 2,288,318
  • Low Value: 1,626,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,361,200
  • Assessed Land Value: $573,200
  • Assessed Improvements Value: $788,000

    Sales

  • Current Sale Recording Date: Apr 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30404
  • Previous Sale Recording Date: Apr 07, 2005
  • Previous Sale Amount: $947,000
  • 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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4274 ft²

Average Home Age

37.8 years

Currently For Sale

66 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: 5 months ago
Data Source: MLS PIN, MLS# 71643970

Frequently Asked Questions

When was property at 32 Elmwood Road built and last sold?
The property at 32 Elmwood Road was built in 1951 and last sold on Jan 1, 1970 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 32 Elmwood Road is $1,144,626.
What are some comparable homes to 32 Elmwood Road?
There are currently no comparable homes to 32 Elmwood Road.
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