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Newton 02468 Waban
35 Fairlee Road
$1,232,000
● House - Off Market

35 Fairlee Road

Newton, MA 02468
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,515 Ft²
$1,495,136
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

End Users and Developers: This 9 room,5 bedroom, two and one half bath home is sited on a 13,680 sq. ft. level lot on a beautiful tree-lined street in Waban. It has been in the same family for decades and now awaits its transformation by the next owner. Its many charming characteristics include: dentil moldings, decorative columns, built-in china cabinets, slate roof, a deck off a second floor bedroom, and two fireplaces. It is conveniently located to Waban Square, the "T" Green Line and major routes.
Unit Size
2,515 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$417
Property Type
House
Property Taxes
$899
HOA Dues
-
Year Built
1943

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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 #72493430)

Price History

Date / Event Date Event Price
Apr 15, 2021 Sold
Premium
Sold
Feb 5, 2021 Listed by Hammond Residential Real Estate $3,000,000
Listed by Hammond Residential Real Estate
Jul 2, 2019 Sold
Premium
Sold
May 3, 2019 Listed by Hammond Residential Real Estate $1,049,000
Listed by Hammond Residential Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 832
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,680
  • Total Building Area: 4,327
  • Gross Building Area: 7,851
  • Building Area: 4,327
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,327
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000314
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374300

Zoning

  • Zoning: SR2

Geography

  • Account Number: 54009 0007
  • District: 207
  • Parcel: NEWT S:54 B:009 L:0007
  • Block: 9
  • Lot: 7
  • Municipality: NEWTON
  • Latitude: 42.323
  • Longitude: -71.2226

    Address

  • Full Address: 35 Fairlee Rd
  • Address - House Number: 35
  • Address - Street Name: Fairlee
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Waban
  • Carrier Code: C043
  • 4-Digit Zip Code: 2040
  • Zip Code: 02468

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,878,200

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 3,290,455
  • High Value: 3,895,967
  • Low Value: 2,684,943

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,949,000
  • Assessed Land Value: $1,203,500
  • Assessed Improvements Value: $1,745,500

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85793
  • Previous Sale Recording Date: Jul 02, 2019
  • Previous Sale Contract Date: Jun 27, 2019
  • Previous Sale Amount: $1,232,000
  • 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 Waban

Stats & Trends

Median Asking:

$2,399,000

Sale Price/ft²

$629

Below Asking

0.02%

Average Days on Market

75

Average Home Size

4826 ft²

Average Home Age

57.1 years

Currently For Sale

23 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# 72493430

Frequently Asked Questions

When was property at 35 Fairlee Road built and last sold?
The property at 35 Fairlee Road was built in 1943 and last sold on Apr 14, 2021 for $3,000,000.
How much is this home worth?
The estimated value of the home located at 35 Fairlee Road is $3,031,589.
What are some comparable homes to 35 Fairlee Road?
There are currently no comparable homes to 35 Fairlee Road.
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