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Needham 02494
38 Gary Rd
$1,342,000
● House - Off Market

38 Gary Rd

Needham, MA 02494
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,800 Ft²
$2,104,979
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

Outstanding 4 bedroom new construction sited on a lovely level lot in Needham Heights. This 4800 sf Colonial has an open floor plan with a chef's kitchen, stainless appliances, gas cooking, hardwood floors throughout and much more.  There are 4 family bedrooms on the second floor including a luxurious master suite with 2 walk-in closets.  The lower level will be finished with a recreation room and a full bath.  This is a terrific home for buyers wanting access to all the best that Needham has to offer. April 2017 delivery.  Still time to customize.
Unit Size
4,800 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$277
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
2016

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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 months ago (MLSPIN #72084456)

Price History

Date / Event Date Event Price
May 4, 2017 Sold
Premium
Sold
Oct 21, 2016 Listed by Rutledge Properties $1,329,000
Listed by Rutledge Properties
Aug 26, 2015 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • 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: 1,540
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,506
  • Gross Building Area: 5,046
  • Building Area: 3,506
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,506
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School Tax School District: NEEDHAM SD
  • Census Tract: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:078.0 B:0016 L:0000.0
  • Block: 16
  • Municipality: NEEDHAM
  • Latitude: 42.3044
  • Longitude: -71.2326

    Address

  • Full Address: 38 Gary Rd
  • Address - House Number: 38
  • Address - Street Name: Gary
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 2417
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,883,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,082,125
  • High Value: 2,398,502
  • Low Value: 1,765,749

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,444,500
  • Assessed Land Value: $480,500
  • Assessed Improvements Value: $964,000

    Sales

  • Current Sale Recording Date: May 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38136
  • Previous Sale Recording Date: Aug 26, 2015
  • Previous Sale Amount: $595,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4274 ft²

Average Home Age

37.8 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72084456

Frequently Asked Questions

When was property at 38 Gary Road built and last sold?
The property at 38 Gary Road was built in 2016 and last sold on Jan 1, 1970 for $1,342,000.
How much is this home worth?
The estimated value of the home located at 38 Gary Road is $1,405,943.
What are some comparable homes to 38 Gary Road?
There are currently no comparable homes to 38 Gary Road.
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