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Needham 02494
42 Park Ave
$700,000
● House - Off Market

42 Park Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,470 Ft²
$1,126,775
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Updated and well maintained Cape on quiet street convenient to Needham Heights shops, restaurants and commuter rail.  First floor features updated kitchen with granite countertops and stainless appliances.  Family room addition with powder room and access to deck, fireplaced living room, dining room and sunroom/office complete first floor.  Second floor has three spacious bedrooms and a newly renovated full bath.  Lower level is finished with a playroom and laundry.  Many updates inside and out including living room built-ins, new roof, front walkway/steps, fence and an updated gas boiler.  Large, private, flat backyard - great for outdoor entertaining.
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$442
Property Type
House
Property Taxes
$574
HOA Dues
-
Year Built
2019

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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: 4 months ago (MLSPIN #71855249)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Aug 19, 2019 Sold
Premium
Sold
Apr 4, 2019 Listed by Hawthorn Properties $1,989,000
Listed by Hawthorn Properties
Oct 4, 2018 Sold
Premium
Sold
Aug 31, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,826
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 4,612
  • Gross Building Area: 6,451
  • Building Area: 4,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,612
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:068.0 B:0045 L:0000.0
  • Block: 45
  • Municipality: NEEDHAM
  • Latitude: 42.2955
  • Longitude: -71.2309

    Address

  • Full Address: 42 Park Ave
  • Address - House Number: 42
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1627
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,608,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,600,865
  • High Value: 3,055,783
  • Low Value: 2,145,948

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,000,300
  • Assessed Land Value: $553,700
  • Assessed Improvements Value: $1,446,600

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45255
  • Previous Sale Recording Date: Aug 19, 2019
  • Previous Sale Contract Date: Aug 19, 2019
  • Previous Sale Amount: $1,960,000
  • 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

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71855249

Frequently Asked Questions

When was property at 42 Park Avenue built and last sold?
The property at 42 Park Avenue was built in 2019 and last sold on May 23, 2022 for $2,320,000.
How much is this home worth?
The estimated value of the home located at 42 Park Avenue is $2,006,943.
What are some comparable homes to 42 Park Avenue?
There are currently no comparable homes to 42 Park Avenue.
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