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Needham 02494
46 Tower Avenue
Photo of 46 Tower Avenue
Sold on Jan 3, 2011

1

Map

$625,000
● House - Off Market

46 Tower Avenue

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,329 Ft²
$1,388,891
RealtyHop Estimate
113.68%
Since Feb 1, 2011
MA-Boston
Primary Model

About This Property

**** VALUE RANGE PRICING**** Seller will consider offers between $650,000 and $700,000. Original owners offer this Center Entrance Colonial with thru hall and large, well proportioned rooms. Front to back living room with fireplace. Gracious dining room will accomodate holiday gatherings. Spacious kitchen with dining area. 20x15 ft family room is adjacent to kitchen. The second floor has 3 oversized bedrooms and 2 full baths including master. Terrific Needham location!
Unit Size
2,329 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$279
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1964

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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: 11 months ago (MLSPIN #71137770)

Price History

Date / Event Date Event Price
Jan 3, 2011 Sold
Premium
Sold
Sep 15, 2010 Listed by Coldwell Banker Residential Brokerage - Needham $650,000
Listed by Coldwell Banker Residential Brokerage - Needham

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,330
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,450
  • Gross Building Area: 3,769
  • Building Area: 2,450
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 2,450
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:065.0 B:0034 L:0000.0
  • Block: 34
  • Municipality: NEEDHAM
  • Latitude: 42.2943
  • Longitude: -71.2264

    Address

  • Full Address: 46 Tower Ave
  • Address - House Number: 46
  • Address - Street Name: Tower
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1910
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,142,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,344,693
  • High Value: 1,552,958
  • Low Value: 1,136,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $876,300
  • Assessed Land Value: $551,000
  • Assessed Improvements Value: $325,300

    Sales

  • Current Sale Recording Date: Jan 03, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 700
  • Previous Sale Recording Date: Dec 22, 2006
  • 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

0.02%

Average Days on Market

64

Average Home Size

4205 ft²

Average Home Age

39.7 years

Currently For Sale

67 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: 11 months ago
Data Source: MLS PIN, MLS# 71137770

Frequently Asked Questions

When was property at 46 Tower Avenue built and last sold?
The property at 46 Tower Avenue was built in 1964 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 46 Tower Avenue is $0.
What are some comparable homes to 46 Tower Avenue?
There are currently no comparable homes to 46 Tower Avenue.
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