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Needham 02492
42 Gayland Rd
$775,000
● House - Off Market

42 Gayland Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,848 Ft²
$1,119,942
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

OPEN HOUSES CANCELLED! Seller has accepted an offer. Enter through the beautiful front door with the glass bulls eye windows and into a one of a kind home with classic 1934 look and totally modern feel. This home is what you've been waiting for, a home with young systems, appliances, roof, baths, kitchen; a home that has been updated without sacrificing its' charm and character. Often sought but rarely found, a first floor master with great closet space and a large bath. The 2 second floor bedrooms and bath were added without altering the original contour and design. The very comfortable, totally usable finished basement adds significant living space. Everything you need, in a great neighborhood near town, train, medical center and schools.
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$411
Property Type
House
Property Taxes
$638
HOA Dues
-
Year Built
1934

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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: 6 months ago (MLSPIN #72427222)

Price History

Date / Event Date Event Price
Feb 1, 2019 Sold
Premium
Sold
Nov 27, 2018 Listed by William Raveis R.E. & Home Services $759,000
Listed by William Raveis R.E. & Home Services
Jan 27, 2012 Sold
Premium
Sold
Aug 10, 2011 Listed by William Raveis R.E. & Home Services $550,000
Listed by William Raveis R.E. & Home Services
Feb 20, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 2009
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 852
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,469
  • Gross Building Area: 2,320
  • Building Area: 1,469
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,469
  • Heating Fuel Type: 6

    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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:042.0 B:0040 L:0000.0
  • Block: 40
  • Municipality: NEEDHAM
  • Latitude: 42.2722
  • Longitude: -71.2362

    Address

  • Full Address: 42 Gayland Rd
  • Address - House Number: 42
  • Address - Street Name: Gayland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 2802
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,075,900

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,144,293
  • High Value: 1,317,695
  • Low Value: 970,892

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $825,100
  • Assessed Land Value: $534,000
  • Assessed Improvements Value: $291,100

    Sales

  • Current Sale Contract Date: Feb 01, 2019
  • Current Sale Recording Date: Feb 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8001
  • Previous Sale Recording Date: Jan 27, 2012
  • Previous Sale Amount: $513,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4228 ft²

Average Home Age

39.4 years

Currently For Sale

65 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: 6 months ago
Data Source: MLS PIN, MLS# 72427222

Frequently Asked Questions

When was property at 42 Gayland Road built and last sold?
The property at 42 Gayland Road was built in 1934 and last sold on Feb 1, 2019 for $775,000.
How much is this home worth?
The estimated value of the home located at 42 Gayland Road is $771,932.
What are some comparable homes to 42 Gayland Road?
There are currently no comparable homes to 42 Gayland Road.
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