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Needham 02492
40 Edgewater Lane
$1,295,000
● House - Off Market

40 Edgewater Lane

Needham, MA 02492
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,432 Ft²
$2,587,729
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Spacious, renovated and pristine custom cape colonial set on acre of professionally landscaped grounds overlooking the Charles River. Fireplaced living room, formal dining room, cherry and  granite kitchen with all amenities, center island and attached heated sun room. Library and office space with built ins, lower level family room with full bath and walk out to patio. A special home in a desirable neighborhood.
Unit Size
4,432 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$305
Property Type
House
Property Taxes
$1,394
HOA Dues
-
Year Built
1966

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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 #71434285)

Price History

Date / Event Date Event Price
Jun 4, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by Coldwell Banker Residential Brokerage - Chestnut Hill $1,975,000
Listed by Coldwell Banker Residential Brokerage - Chestnut Hill
Jun 13, 2013 Sold
Premium
Sold
Sep 12, 2012 Listed by Coldwell Banker Residential Brokerage - Chestnut Hill $1,350,000
Listed by Coldwell Banker Residential Brokerage - Chestnut Hill
Sep 1, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 2010
  • Total Rooms: 13
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 2,415
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 4,432
  • Gross Building Area: 6,847
  • Building Area: 4,432
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,432
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001010
  • 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: 403300

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:201.0 B:0022 L:0000.0
  • Block: 22
  • Municipality: NEEDHAM
  • Latitude: 42.265
  • Longitude: -71.2258

    Address

  • Full Address: 40 Edgewater Ln
  • Address - House Number: 40
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2741
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,515,000

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,526,344
  • High Value: 2,953,744
  • Low Value: 2,098,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,928,700
  • Assessed Land Value: $701,600
  • Assessed Improvements Value: $1,227,100

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1478746
  • Previous Sale Recording Date: Jun 13, 2013
  • Previous Sale Amount: $1,295,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71434285

Frequently Asked Questions

When was property at 40 Edgewater Lane built and last sold?
The property at 40 Edgewater Lane was built in 1966 and last sold on Jun 4, 2021 for $1,925,000.
How much is this home worth?
The estimated value of the home located at 40 Edgewater Lane is $1,985,441.
What are some comparable homes to 40 Edgewater Lane?
There are currently no comparable homes to 40 Edgewater Lane.
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