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Newton 02458 Newton Corner
40 Converse Ave.
Photo of 40 Converse Ave.
Sold on Jul 13, 2010

1

Map

$1,250,000
● House - Off Market

40 Converse Ave.

Newton, MA 02458
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,112 Ft²
$2,527,234
RealtyHop Estimate
102.18%
Since Aug 1, 2010
MA-Boston
Primary Model

About This Property

Fantastic Newton Colonial on one of the citys most delightful streets. With easy access to vibrant Newton Center and downtown Boston, the location is as appealing as the home itself. The property has had wonderful updates and has a very flexible floor plan.  The 1st floor has a spacious living room , gracious dining room and  a great family room, den, eat-in kitchen and guest suite or 1st fl. mstr.,With finished upper and lower levels, there is room to grow. Welcome Home ambience-come see!
Unit Size
3,112 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$402
Property Type
House
Property Taxes
$949
HOA Dues
-
Year Built
1925

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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: 2 years ago (MLSPIN #71075676)

Price History

Date / Event Date Event Price
Jul 12, 2010 Sold
Premium
Sold
May 5, 2010 Listed $1,250,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,888
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,365
  • Total Building Area: 3,112
  • Gross Building Area: 6,280
  • Building Area: 3,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373500

Zoning

  • Zoning: SR2

Geography

  • Account Number: 13015 0018
  • District: 207
  • Parcel: NEWT S:13 B:015 L:0018
  • Block: 15
  • Lot: 18
  • Municipality: NEWTON
  • Latitude: 42.3479
  • Longitude: -71.1904

    Address

  • Full Address: 40 Converse Ave
  • Address - House Number: 40
  • Address - Street Name: Converse
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Newton
  • Carrier Code: C025
  • 4-Digit Zip Code: 2504
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,966,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 2,275,310
  • High Value: 2,649,650
  • Low Value: 1,900,971

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,014,500
  • Assessed Land Value: $994,700
  • Assessed Improvements Value: $1,019,800

    Sales

  • Current Sale Recording Date: Jun 19, 2013
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000013
  • Previous Sale Recording Date: Jul 12, 2010
  • Previous Sale Amount: $1,250,000
  • 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 Newton Corner

Stats & Trends

Median Asking:

$1,325,000

Sale Price/ft²

$546

Below Asking

0.01%

Average Days on Market

65

Average Home Size

2749 ft²

Average Home Age

78.6 years

Currently For Sale

25 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$3,015 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71075676

Frequently Asked Questions

When was property at 40 Converse Avenue built and last sold?
The property at 40 Converse Avenue was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Converse Avenue is $0.
What are some comparable homes to 40 Converse Avenue?
There are currently no comparable homes to 40 Converse Avenue.
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