For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Needham 02492
48 Fairview Rd
$1,375,000
● House - Off Market

48 Fairview Rd

Needham, MA 02492
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,200 Ft²
$2,250,163
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Big price adjustment makes this exceptional New Construction by second generation Needham Builder the best value on the market. In a great neighborhood convenient to downtown Needham, commuter rail, schools, parks and restaurants. This five bedroom, five full bath home has it all, precision detail with outstanding finishes and a very nice flow not typically found in new construction. This home is ready to move right in. Also possible to have first floor guest bedroom with full bath. Don't wait for the opportunity to enjoy this wonderfully landscaped private backyard and deck. Very easy to show!
Unit Size
4,200 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$333
Property Type
House
Property Taxes
$544
HOA Dues
-
Year Built
2016

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72064626)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Mar 29, 2017 Sold
Premium
Sold
Sep 8, 2016 Listed by Century 21 Commonwealth $1,400,000
Listed by Century 21 Commonwealth
Jun 22, 2015 Sold
Premium
Sold
Apr 21, 2015 Listed by Century 21 Commonwealth $540,000
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 10
  • Bedroom Count: 5
  • 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: 1,576
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 4,200
  • Gross Building Area: 5,775
  • Building Area: 4,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • 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:138.0 B:0035 L:0000.0
  • Block: 35
  • Municipality: NEEDHAM
  • Latitude: 42.2746
  • Longitude: -71.2473

    Address

  • Full Address: 48 Fairview Rd
  • Address - House Number: 48
  • Address - Street Name: Fairview
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C005
  • 4-Digit Zip Code: 1511
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,226,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,316,152
  • High Value: 2,707,992
  • Low Value: 1,924,312

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,707,300
  • Assessed Land Value: $520,700
  • Assessed Improvements Value: $1,186,600

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 68992
  • Previous Sale Recording Date: Mar 29, 2017
  • Previous Sale Amount: $1,375,000
  • 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

4309 ft²

Average Home Age

36.8 years

Currently For Sale

64 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72064626

Frequently Asked Questions

When was property at 48 Fairview Road built and last sold?
The property at 48 Fairview Road was built in 2016 and last sold on May 26, 2021 for $1,700,000.
How much is this home worth?
The estimated value of the home located at 48 Fairview Road is $1,421,334.
What are some comparable homes to 48 Fairview Road?
There are currently no comparable homes to 48 Fairview Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Needham Homes for Sale
Needham Houses for Sale
Needham Condos for Sale
Needham Townhouses for Sale
Needham Multifamily for Sale
Needham Land for Sale
Needham Commercial for Sale
Needham Homes with Basements
Nearby Cities
Newton Homes for Sale
Brookline Homes for Sale
Wellesley Homes for Sale
Watertown Town Homes for Sale
Dedham Homes for Sale
Milton Homes for Sale
Cochituate Homes for Sale
Dover Homes for Sale
Nearby Property Records
Norfolk County, MA Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Providence County, RI Property Records
Worcester County, MA Property Records
Essex County, MA Property Records
Bristol County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
South End Real Estate
Back Bay Real Estate
Coolidge Corner Real Estate
Watertown West End Real Estate
Commonwealth Real Estate
Brook Farm Real Estate
Jamaica Central - South Sumner Real Estate
Metropolitan Hill - Beach Street Real Estate
Nearby Counties
Newton Homes for Sale
Brookline Homes for Sale
Natick Homes for Sale
Wellesley Homes for Sale
Watertown Town Homes for Sale
Dedham Homes for Sale
Milton Homes for Sale
Wayland Homes for Sale
Top Real Estate Agents
Top Agents in Needham
Top Agents in Newton
Top Agents in Newton
Top Agents in Brookline
Top Agents in Brookline
Top Agents in Natick
Top Agents in 02130
Top Agents in 01760