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Needham 02494
35 Cheney St
$472,850
● House - Off Market

35 Cheney St

Needham, MA 02494
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,404 Ft²
$713,414
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

Needs full renovation, but will be worth it. Possible candidate for addition or for new construction given generous size of lot. Private side street, convenient location, across the street from town land. Raised ranch with good-sized rooms. Town shows 2 bedrooms and 1.5 baths. Plus large finished space in lower level with large window and a closet. Lower level has over 7 foot ceilings and a walkout to the back yard. Built with steel I-beam support. Hardwoods under carpet on main level. Large level lot with fenced backyard. Lots to work with here, though best suited for a contractor. Property to be sold as-is.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$355
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
2020

Payment Calculator

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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 #72586940)

Price History

Date / Event Date Event Price
Dec 22, 2020 Sold
Premium
Sold
Dec 23, 2019 Sold
Premium
Sold
Oct 31, 2019 Listed by Keller Williams Realty $499,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,040
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 1,373
  • Gross Building Area: 2,080
  • Building Area: 1,373
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,373
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • 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: SRA

Geography

  • Parcel: NEED M:058.0 B:0003 L:0000.0
  • Block: 3
  • Municipality: NEEDHAM
  • Latitude: 42.2941
  • Longitude: -71.2184

    Address

  • Full Address: 35 Cheney St
  • Address - House Number: 35
  • Address - Street Name: Cheney
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C058
  • 4-Digit Zip Code: 2009
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,297,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,234,536
  • High Value: 1,425,740
  • Low Value: 1,043,332

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $995,100
  • Assessed Land Value: $478,500
  • Assessed Improvements Value: $516,600

    Sales

  • Current Sale Contract Date: Dec 18, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 145215
  • Previous Sale Recording Date: Dec 23, 2019
  • Previous Sale Contract Date: Dec 06, 2019
  • Previous Sale Amount: $472,850
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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# 72586940

Frequently Asked Questions

When was property at 35 Cheney Street built and last sold?
The property at 35 Cheney Street was built in 2020 and last sold on Dec 18, 2020 for $975,000.
How much is this home worth?
The estimated value of the home located at 35 Cheney Street is $508,181.
What are some comparable homes to 35 Cheney Street?
There are currently no comparable homes to 35 Cheney Street.
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