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Needham 02492
43 Newell Ave
$799,000
● House - Off Market

43 Newell Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,750 Ft²
$1,656,735
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Beautifully renovated and expanded home in Needham's most desirable living and commuting locationOver 3500 square feet of living space with new chef's kitchen, fireplaced family room,master bedroom,lower level playroom,roof,electric and gas heating system. Three spacious 2nd floor bedrooms,2 baths and laundry.All first floor rooms are oversized and beautifully designed & decorated.Lower level has 2 finished rooms and powder room w/ direct access to gracious yard.Easily a 4 bedroom. Welcome home!
Unit Size
2,750 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$291
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1940

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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 #71333051)

Price History

Date / Event Date Event Price
May 25, 2012 Sold
Premium
Sold
Jan 31, 2012 Listed by Century 21 Commonwealth $799,000
Listed by Century 21 Commonwealth
Nov 3, 2005 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1999
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,584
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,727
  • Gross Building Area: 4,311
  • Building Area: 2,727
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,727
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:130.0 B:0016 L:0000.0
  • Block: 16
  • Municipality: NEEDHAM
  • Latitude: 42.2835
  • Longitude: -71.244

    Address

  • Full Address: 43 Newell Ave
  • Address - House Number: 43
  • Address - Street Name: Newell
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C014
  • 4-Digit Zip Code: 1922
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,234,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,474,768
  • High Value: 1,734,888
  • Low Value: 1,214,647

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $946,800
  • Assessed Land Value: $515,100
  • Assessed Improvements Value: $431,700

    Sales

  • Current Sale Recording Date: May 25, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Nov 03, 2005
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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# 71333051

Frequently Asked Questions

When was property at 43 Newell Avenue built and last sold?
The property at 43 Newell Avenue was built in 1940 and last sold on Jan 1, 1970 for $799,000.
How much is this home worth?
The estimated value of the home located at 43 Newell Avenue is $846,644.
What are some comparable homes to 43 Newell Avenue?
There are currently no comparable homes to 43 Newell Avenue.
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