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Needham 02492
40 Richardson Dr
$988,000
● House - Off Market

40 Richardson Dr

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,127 Ft²
$1,553,217
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

Welcome home to this immaculate and well appointed 4 bedroom, 2.5 bath Brick multi level Colonial beautifully sited on acre lot in sought after neighborhood. This fabulous home features large living room with fireplace, gracious dining room, spacious kitchen and great room with sliders to deck.  Second floor has large master bedroom with private bath plus three additional bedrooms. Lower level offers den with addition large playroom with fireplace. Appreciate the central air, whole house fan, 2 car garage and sprinkler system. Enjoy the changing seasons overlooking the magnificent grounds with mature planting and inground pool. Exceptional location offering privacy yet convenience to town center, shopping, commuter rail and highway.
Unit Size
3,127 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$318
Property Type
House
Property Taxes
$1,019
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #72178229)

Price History

Date / Event Date Event Price
Oct 19, 2017 Sold
Premium
Sold
Jun 7, 2017 Listed by William Raveis R.E. & Home Services $995,000
Listed by William Raveis R.E. & Home Services
Feb 24, 1984 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2003
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,200
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,200
  • Gross Building Area: 4,400
  • Building Area: 2,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:206.0 B:0041 L:0000.0
  • Block: 41
  • Municipality: NEEDHAM
  • Latitude: 42.2678
  • Longitude: -71.2416

    Address

  • Full Address: 40 Richardson Dr
  • Address - House Number: 40
  • Address - Street Name: Richardson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C005
  • 4-Digit Zip Code: 2818
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,477,200

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,518,018
  • High Value: 1,774,832
  • Low Value: 1,261,204

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,132,800
  • Assessed Land Value: $700,000
  • Assessed Improvements Value: $432,800

    Sales

  • Current Sale Contract Date: Oct 19, 2017
  • Current Sale Recording Date: Oct 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1388498
  • Previous Sale Recording Date: Feb 24, 1984
  • Previous Sale Amount: $225,000
  • 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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4173 ft²

Average Home Age

38.5 years

Currently For Sale

69 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: 5 months ago
Data Source: MLS PIN, MLS# 72178229

Frequently Asked Questions

When was property at 40 Richardson Drive built and last sold?
The property at 40 Richardson Drive was built in 1962 and last sold on Oct 19, 2017 for $988,000.
How much is this home worth?
The estimated value of the home located at 40 Richardson Drive is $1,040,043.
What are some comparable homes to 40 Richardson Drive?
There are currently no comparable homes to 40 Richardson Drive.
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