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Needham 02494
40 Homsy Ln
Photo of 40 Homsy Ln
Sold on Aug 9, 2007

1

Map

$985,000
● House - Off Market

40 Homsy Ln

Needham, MA 02494
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,850 Ft²
$1,862,057
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Classic 4 BR colonial on desirable cul-de-sac.  Granite/SS kitchen opens to large FR w/9 ft ceilings, fully covered 12x25 3 season porch with ceiling fans & speakers, overlooks prof. landscaped and private yard - an entertainers dream! Huge master suite w/ his and hers cedar WI closets and sitting room.  Fully finished LL with au-pair suite & full bath, built-in bar plus office/playrm/media rm & wired for surround sound. Lovingly cared for, with no expense spared!  Move in and un-pack!
Unit Size
3,850 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$258
Property Type
House
Property Taxes
$575
HOA Dues
$500
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 6 months ago (MLSPIN #70592954)

Price History

Date / Event Date Event Price
Aug 1, 2011 Sold
Premium
Sold
Mar 25, 2011 Listed $929,000
Listed
Aug 9, 2007 Sold
Premium
Sold
Jun 6, 2007 Listed $993,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2015
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,380
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 3,010
  • Gross Building Area: 4,362
  • Building Area: 3,010
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,010
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000750
  • 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: 403502

Zoning

  • Zoning: B

Geography

  • Parcel: NEED M:227.0 B:0028 L:0000.0
  • Block: 28
  • Municipality: NEEDHAM
  • Latitude: 42.3098
  • Longitude: -71.2408

    Address

  • Full Address: 40 Homsy Ln
  • Address - House Number: 40
  • Address - Street Name: Homsy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1836
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,448,200

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,689,494
  • High Value: 1,975,897
  • Low Value: 1,403,091

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,110,600
  • Assessed Land Value: $480,000
  • Assessed Improvements Value: $630,600

    Sales

  • Current Sale Recording Date: Aug 01, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000007
  • Previous Sale Recording Date: Aug 09, 2007
  • Previous Sale Amount: $985,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,612,500

Sale Price/ft²

$532

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4124 ft²

Average Home Age

40.4 years

Currently For Sale

64 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: 6 months ago
Data Source: MLS PIN, MLS# 70592954

Frequently Asked Questions

When was property at 40 Homsy Lane built and last sold?
The property at 40 Homsy Lane was built in 1995 and last sold on Jan 1, 1970 for $900,000.
How much is this home worth?
The estimated value of the home located at 40 Homsy Lane is $992,733.
What are some comparable homes to 40 Homsy Lane?
There are currently no comparable homes to 40 Homsy Lane.
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