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Needham 02494
40 Horace St
$1,355,000
● House - Off Market

40 Horace St

Needham, MA 02494
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,550 Ft²
$1,993,989
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Spectacular, sun-drenched 4+ bedroom, 3.5 bathroom Colonial on 1/3 acre lot.  This lovely home boasts large windows, wainscoting, crown moldings, hardwood floors throughout.  Formal living room, dining room, family room w/recessed lighting & ceiling fan. Upstairs large foyer with 4 over-sized bedrooms, including Master suite w/alcove. Custom closets and blinds. Upstairs laundry & office.  Newly renovated basement w/full bath.  Underground sprinkler system. Great neighborhood.  Convenient to Eliot School, stores, restaurants and train station.   End of June 2019 closing.
Unit Size
3,550 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$394
Property Type
House
Property Taxes
$1,119
HOA Dues
-
Year Built
2009

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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: 4 months ago (MLSPIN #72450057)

Price History

Date / Event Date Event Price
Jul 2, 2019 Sold
Premium
Sold
Feb 6, 2019 Listed by Louise Condon Realty $1,399,000
Listed by Louise Condon Realty
May 22, 2009 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,280
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,798
  • Gross Building Area: 4,078
  • Building Area: 2,798
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,798
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: SRB

Geography

  • Parcel: NEED M:092.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: NEEDHAM
  • Latitude: 42.3048
  • Longitude: -71.2372

    Address

  • Full Address: 40 Horace St
  • Address - House Number: 40
  • Address - Street Name: Horace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 1739
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,649,000

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,829,223
  • High Value: 2,139,313
  • Low Value: 1,519,133

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,264,600
  • Assessed Land Value: $485,300
  • Assessed Improvements Value: $779,300

    Sales

  • Current Sale Contract Date: Jun 24, 2019
  • Current Sale Recording Date: Jul 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54808
  • Previous Sale Recording Date: May 22, 2009
  • Previous Sale Amount: $980,000
  • 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:

$1,625,000

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72450057

Frequently Asked Questions

When was property at 40 Horace Street built and last sold?
The property at 40 Horace Street was built in 2009 and last sold on Jun 24, 2019 for $1,355,000.
How much is this home worth?
The estimated value of the home located at 40 Horace Street is $1,437,120.
What are some comparable homes to 40 Horace Street?
There are currently no comparable homes to 40 Horace Street.
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