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Needham 02494
378 Central Ave
$1,325,000
● House - Off Market

378 Central Ave

Needham, MA 02494
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,396 Ft²
$7,537
Est. Monthly

About This Property

Prime Needham Heights development opportunity! 378 Central Ave is being sold as-is and in need of extensive renovations to be habitable. Currently a 4,300+ SF, 5 bed, 4.5 bath home, ideal for those looking to build their dream home in a desirable neighborhood. Highlights include soaring ceilings, two staircases, two decks, large basement and option for separate au-pair or in-law suite with a full kitchen, two bedrooms, and a bathroom. Schedule a showing today!
Unit Size
4,396 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$296
Property Type
House
Property Taxes
$1,154
HOA Dues
-
Year Built
1996

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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 #73266097)

Price History

Date / Event Date Event Price
Nov 20, 2024 Sold
Premium
Sold
Oct 8, 2024 In contract -
In contract
Jul 17, 2024 Listed by Compass $1,300,000
Listed by Compass
Jan 13, 1978 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1999
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,395
  • Garage Type: 1
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 4,396
  • Gross Building Area: 6,791
  • Building Area: 4,396
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,396
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:092.0 B:0058 L:0000.0
  • Block: 58
  • Municipality: NEEDHAM
  • Latitude: 42.3041
  • Longitude: -71.2398

    Address

  • Full Address: 378 Central Ave
  • Address - House Number: 378
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1731
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,372,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,736,913
  • High Value: 2,005,924
  • Low Value: 1,467,901

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,052,600
  • Assessed Land Value: $414,800
  • Assessed Improvements Value: $637,800

    Sales

  • Current Sale Recording Date: Jan 13, 1978
  • Current Sale Price:
    Premium
  • Current 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4309 ft²

Average Home Age

36.8 years

Currently For Sale

64 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# 73266097

Frequently Asked Questions

When was property at 378 Central Avenue built and last sold?
The property at 378 Central Avenue was built in 1996 and last sold on Jan 1, 1970 for $36,000.
How much is this home worth?
The estimated value of the home located at 378 Central Avenue is $1,313,000.
What are some comparable homes to 378 Central Avenue?
There are currently no comparable homes to 378 Central Avenue.
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