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Needham 02494
41 Mellen Street
$420,000
● House - Off Market

41 Mellen Street

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,772 Ft²
$956,233
RealtyHop Estimate
117.38%
Since Dec 1, 2002
MA-Boston
Primary Model

About This Property

WELCOMING VILLAGE COLONIAL W/ FARMER'S PORCH.  OPEN FLOOR PLAN INCLUDES FAMILYRM ADDITION AND 1998 KITCHEN.  DECK OVERLOOKS LARGE FENCED IN BACKYARD.  WALK UP ATTIC HAS 2 SMALL ROOMS.  CLOSE TO SHOPS AND TRAIN.  SHOWS VERY WELL!
Unit Size
1,772 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$248
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1890

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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: 5 months ago (MLSPIN #30641819)

Price History

Date / Event Date Event Price
Nov 22, 2002 Sold
Premium
Sold
Sep 3, 2002 Listed by Century 21 The Alexanders $439,900
Listed by Century 21 The Alexanders

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1997
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 604
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,470
  • Gross Building Area: 2,074
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:063.0 B:0033 L:0000.0
  • Block: 33
  • Municipality: NEEDHAM
  • Latitude: 42.2923
  • Longitude: -71.2339

    Address

  • Full Address: 41 Mellen St
  • Address - House Number: 41
  • Address - Street Name: Mellen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1201
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $895,500

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,070,320
  • High Value: 1,306,350
  • Low Value: 834,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,700
  • Assessed Land Value: $470,300
  • Assessed Improvements Value: $216,400

    Sales

  • Current Sale Recording Date: Nov 22, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 212661
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

3984 ft²

Average Home Age

38.7 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# 30641819

Frequently Asked Questions

When was property at 41 Mellen Street built and last sold?
The property at 41 Mellen Street was built in 1890 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 41 Mellen Street is $472,461.
What are some comparable homes to 41 Mellen Street?
There are currently no comparable homes to 41 Mellen Street.
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