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Needham 02492
38 Mayflower Road
$1,595,000
● House - Off Market

38 Mayflower Road

Needham, MA 02492
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,700 Ft²
$2,827,980
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Quality new construction designed for everyday living built with exceptional craftsmanship. This distinctive home has lavishly appointed kitchen with professional grade appliances, separate breakfast room, butler's pantry with wine refrigerator, second dishwasher and entertainment size dining room.  This versatile floor plan offers 1st floor bedroom with  full bath or home office. The second floor consists of 4 generous size bedrooms including luxurious master suite. The third floor has a finished large room with full bath ideal for playroom, exercise area or 6th bedroom.  Large level manicured rear yard. Sought after location convenient to both Needham & Wellesley vibrant town centers. Personalize final selections to your taste.  February occupancy.
Unit Size
4,700 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$351
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2015

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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 #71913985)

Price History

Date / Event Date Event Price
Mar 18, 2016 Sold
Premium
Sold
Oct 2, 2015 Listed by Louise Condon Realty $1,649,000
Listed by Louise Condon Realty
Sep 4, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,122
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 4,765
  • Gross Building Area: 6,815
  • Building Area: 4,765
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,765
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:116.0 B:0053 L:0000.0
  • Block: 53
  • Municipality: NEEDHAM
  • Latitude: 42.2876
  • Longitude: -71.2648

    Address

  • Full Address: 38 Mayflower Rd
  • Address - House Number: 38
  • Address - Street Name: Mayflower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C009
  • 4-Digit Zip Code: 1110
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,432,700

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,672,777
  • High Value: 3,124,950
  • Low Value: 2,220,604

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,865,600
  • Assessed Land Value: $580,300
  • Assessed Improvements Value: $1,285,300

    Sales

  • Current Sale Recording Date: Mar 18, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24201
  • Previous Sale Recording Date: Sep 04, 2014
  • Previous Sale Amount: $660,500
  • Previous Sale Document Type: 35

    Financing

  • First Mortgage Financing Type: UNK
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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71913985

Frequently Asked Questions

When was property at 38 Mayflower Road built and last sold?
The property at 38 Mayflower Road was built in 2015 and last sold on Jan 1, 1970 for $1,595,000.
How much is this home worth?
The estimated value of the home located at 38 Mayflower Road is $1,663,072.
What are some comparable homes to 38 Mayflower Road?
There are currently no comparable homes to 38 Mayflower Road.
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