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Needham 02494
357 Webster St
$905,000
● House - Off Market

357 Webster St

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,958 Ft²
$1,021,163
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Charming classic cape in the heart of Needham Heights. This home has everything today's buyers want in a home. The first floor offers an updated kitchen, family room with a fireplace leading to screened porch, formal living room, 2 bedrooms and a full bath with stacked washer and dryer.  Second floor boast two bedrooms with ample storage, and a full bathroom.  The lower level has abundant storage space, bathroom plumbing, a finished room that could easily be used as an office or playroom.  The level backyard has a storage shed, underground irrigation, and plenty of space for outdoor sports and entertainment. House is wired for a generator.  Solar panels along with a new roof were installed in 2015.  Whole house fan and attic fan help to keep this house efficiently cooled.
Unit Size
1,958 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$459
Property Type
House
Property Taxes
$803
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #72873988)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Jul 30, 2021 Listed by Maloney Properties, Inc. $899,000
Listed by Maloney Properties, Inc.
Aug 26, 1974 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2010
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 936
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,958
  • Gross Building Area: 2,894
  • Building Area: 1,958
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,958
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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:069.0 B:0002 L:0000.0
  • Block: 2
  • Municipality: NEEDHAM
  • Latitude: 42.2953
  • Longitude: -71.2327

    Address

  • Full Address: 357 Webster St
  • Address - House Number: 357
  • Address - Street Name: Webster
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1642
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,205,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,312,784
  • High Value: 1,516,106
  • Low Value: 1,109,461

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $924,600
  • Assessed Land Value: $548,800
  • Assessed Improvements Value: $375,800

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121203
  • Previous Sale Recording Date: Aug 26, 1974
  • Previous Sale Amount: $37,000
  • 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:

$1,627,000

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: 5 years ago
Data Source: MLS PIN, MLS# 72873988

Frequently Asked Questions

When was property at 357 Webster Street built and last sold?
The property at 357 Webster Street was built in 1955 and last sold on Sep 20, 2021 for $905,000.
How much is this home worth?
The estimated value of the home located at 357 Webster Street is $0.
What are some comparable homes to 357 Webster Street?
There are currently no comparable homes to 357 Webster Street.
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