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Needham 02494
32 Mills Road
$765,000
● House - Off Market

32 Mills Road

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,704 Ft²
$1,294,816
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Move right in to this lovingly maintained and beautifully updated Colonial.  The first floor boasts an open floor plan with a warm and welcoming fireplaced living room.  The adjoining dining room opens to a new kitchen with custom cherry cabinets and loads of storage space.  The family room/sunroom offers direct access to the fenced in yard where you can enjoy summer evenings on the private patio.  Three generous bedrooms and a renovated full bath complete the second floor.  The finished basement features a large area perfect for a media or play room as well as 2 cedar closets.  Convenient location close to the highway, commuter rail and the shops of Needham Heights.  Don't miss this wonderful home!
Unit Size
1,704 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$425
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1928

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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 #71806788)

Price History

Date / Event Date Event Price
Apr 30, 2015 Sold
Premium
Sold
Mar 26, 2015 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $725,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate
Jul 29, 1998 Sold
Premium
Sold
May 12, 1998 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $325,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 2010
  • 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: 16
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 832
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,704
  • Gross Building Area: 2,536
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,704
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:071.0 B:0022 L:0000.0
  • Block: 22
  • Municipality: NEEDHAM
  • Latitude: 42.2988
  • Longitude: -71.2292

    Address

  • Full Address: 32 Mills Rd
  • Address - House Number: 32
  • Address - Street Name: Mills
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C047
  • 4-Digit Zip Code: 2115
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,125,400

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,208,616
  • High Value: 1,413,501
  • Low Value: 1,003,731

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $863,000
  • Assessed Land Value: $464,400
  • Assessed Improvements Value: $398,600

    Sales

  • Current Sale Recording Date: Apr 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 36471
  • Previous Sale Recording Date: Jul 29, 1998
  • Previous Sale Amount: $325,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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: 4 months ago
Data Source: MLS PIN, MLS# 71806788

Frequently Asked Questions

When was property at 32 Mills Road built and last sold?
The property at 32 Mills Road was built in 1928 and last sold on Jan 1, 1970 for $765,000.
How much is this home worth?
The estimated value of the home located at 32 Mills Road is $731,111.
What are some comparable homes to 32 Mills Road?
There are currently no comparable homes to 32 Mills Road.
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