389 Grove St
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2026 | Sold | ||
| Sold | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Price Decreased |
$3,625,000
↓ $374K
(9.4%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$3,999,000
↓ $196K
(4.7%) | |
| Price Decreased | |||
| Mar 2, 2026 | Listed by Coldwell Banker Realty - Wellesley | $4,195,000 | |
| Listed by Coldwell Banker Realty - Wellesley | |||
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Set on exceptionally private acreage along the coveted Needham–Wellesley line, this reimagined estate offers rare scale, serenity, and sophistication. A comprehensive 2021 renovation transformed the home into a luxurious yet welcoming retreat, designed for both everyday living and refined entertaining. The heart of the home is the true chef’s kitchen with intentional, top-of-the-line finishes, seamlessly flowing into the lounge inspired, adjoining living and dining areas. A thoughtfully designed mudroom leads to the expansive attached two-car garage. The one of a kind primary wing is more of a private sanctuary, featuring two spa-like baths, dual dressing rooms, two private studies, and flexible bonus spaces. A dedicated home gym and wellness room open to the ultra-private, resort-style backyard with an inground pool, manicured grounds, & picturesque Sabrina Lake beyond. A turnkey offering in one of Needham’s most prestigious neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017