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Dedham 02026
40 Fay
$600,000
● House - Off Market

40 Fay

Dedham, MA 02026
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,000 Ft²
$903,105
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Precinct 1, South End style, full renovation in 2018. 3- 4 bedroom, 2 brand new full bathrooms., Kitchen has just been completed. 1 car garage with heated direct entry mudroom, New windows,doors,flooring,deck and appliances. Custom closets,updated 200 amp electric with central air.The lower level consists of a light and bright Family Room with full sized windows overlooking the professionally landscaped 11,000 square foot lot. Fay Road is conveniently located in close proximity to the commuter rail,and MBTA to Forest Hills.Shopping at Legacy and Dedham Center and major roads and all that Dedham has to offer. .
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$305
Property Type
House
Property Taxes
$530
HOA Dues
-
Year Built
1952

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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 #72294434)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Coldwell Banker Residential Brokerage - Dedham $725,000
Listed by Coldwell Banker Residential Brokerage - Dedham
May 18, 2018 Sold
Premium
Sold
Mar 14, 2018 Listed by Coldwell Banker Residential Brokerage - Dedham $609,000
Listed by Coldwell Banker Residential Brokerage - Dedham
Oct 31, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,326
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,134
  • Total Building Area: 1,326
  • Gross Building Area: 3,330
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dedham School District
  • School Tax School District: DEDHAM SD
  • Census Tract: 402500

Zoning

  • Zoning: B

Geography

  • Parcel: DEDH M:0147 L:0031
  • Lot: 31
  • Municipality: DEDHAM
  • Latitude: 42.2328
  • Longitude: -71.1859

    Address

  • Full Address: 40 Fay Rd
  • Address - House Number: 40
  • Address - Street Name: Fay
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Dedham
  • Carrier Code: C023
  • 4-Digit Zip Code: 6004
  • Zip Code: 02026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $793,400

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 754,907
  • High Value: 882,683
  • Low Value: 627,132

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $617,900
  • Assessed Land Value: $319,500
  • Assessed Improvements Value: $298,400

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1486082
  • Previous Sale Recording Date: May 18, 2018
  • Previous Sale Amount: $600,000
  • 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 Dedham

Stats & Trends

Median Asking:

$739,000

Sale Price/ft²

$446

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2498 ft²

Average Home Age

68.3 years

Currently For Sale

61 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# 72294434

Frequently Asked Questions

When was property at 40 Fay Road built and last sold?
The property at 40 Fay Road was built in 1952 and last sold on Aug 30, 2021 for $717,000.
How much is this home worth?
The estimated value of the home located at 40 Fay Road is $735,623.
What are some comparable homes to 40 Fay Road?
There are currently no comparable homes to 40 Fay Road.
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