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Needham 02492
38 Colonial Rd
$1,300,000
● House - Off Market

38 Colonial Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,545 Ft²
$1,305,008
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Exciting Needham Opportunity! The first floor boasts a generous living room with fireplace, family room with three walls of windows, dining room, eat-in kitchen with stone countertops, main bedroom with attached bathroom and two additional bedrooms and guest bath. The finished lower level offers a  26' by 23' game room or playroom,  a full bathroom and cedar closet! Outside the screened in porch overlooks the level back yard. Two car attached garage. Updates include  Roof 2015/ Furnace 2016/ Windows 2009. Don't miss this oversized 3 bedroom ranch conveniently located on a quiet dead end street close to shops, restaurants, trains and schools! Spacious and sun-filled open floorplan. Shown by appointment only!
Unit Size
2,545 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$491
Property Type
House
Property Taxes
$932
HOA Dues
-
Year Built
1959

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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 #72995365)

Price History

Date / Event Date Event Price
Aug 15, 2022 Sold
Premium
Sold
Jun 9, 2022 Listed by Coldwell Banker Realty - Westwood $1,249,000
Listed by Coldwell Banker Realty - Westwood
Feb 9, 2009 Sold
Premium
Sold
Dec 3, 2008 Listed by Coldwell Banker Realty - Westwood $619,000
Listed by Coldwell Banker Realty - Westwood
May 3, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,724
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,724
  • Gross Building Area: 3,448
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,724
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:141.0 B:0041 L:0000.0
  • Block: 41
  • Municipality: NEEDHAM
  • Latitude: 42.2775
  • Longitude: -71.2499

    Address

  • Full Address: 38 Colonial Rd
  • Address - House Number: 38
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C028
  • 4-Digit Zip Code: 1613
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,160,000

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,286,448
  • High Value: 1,504,086
  • Low Value: 1,068,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $889,600
  • Assessed Land Value: $506,800
  • Assessed Improvements Value: $382,800

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Aug 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72740
  • Previous Sale Recording Date: Feb 09, 2009
  • Previous Sale Amount: $640,000
  • 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: 4 months ago
Data Source: MLS PIN, MLS# 72995365

Frequently Asked Questions

When was property at 38 Colonial Road built and last sold?
The property at 38 Colonial Road was built in 1959 and last sold on Jun 27, 2022 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 38 Colonial Road is $1,262,795.
What are some comparable homes to 38 Colonial Road?
There are currently no comparable homes to 38 Colonial Road.
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