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Needham 02492
48 Lake Dr
$620,000
● House - Off Market

48 Lake Dr

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,654 Ft²
$1,164,723
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

Great opportunity! Lovely ranch situated on attractive lot at end of cul-de sac abutting conservation land. Located in the center of town w/ scenic lake views. Replacement windows, new furnace in 2006, Newer G/S kitchen make this a great starter home or excellent place to downsize to.  Many updates and fresh paint ensures the property is move in ready. Easy walk to town and train.  Public right of way on property leads to pristine conservation land with trails great views of rosemary lake.
Unit Size
1,654 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$331
Property Type
House
Property Taxes
$473
HOA Dues
-
Year Built
1955

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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: 6 months ago (MLSPIN #71331204)

Price History

Date / Event Date Event Price
Apr 3, 2012 Sold
Premium
Sold
Jan 25, 2012 Listed by The Gatto Agency $548,000
Listed by The Gatto Agency

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,521
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,686
  • Gross Building Area: 3,189
  • Building Area: 1,686
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,686
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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:052.0 B:0047 L:0000.0
  • Block: 47
  • Municipality: NEEDHAM
  • Latitude: 42.2847
  • Longitude: -71.2389

    Address

  • Full Address: 48 Lake Dr
  • Address - House Number: 48
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C025
  • 4-Digit Zip Code: 2041
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,100,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,205,230
  • High Value: 1,409,127
  • Low Value: 1,001,332

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $844,200
  • Assessed Land Value: $512,600
  • Assessed Improvements Value: $331,600

    Sales

  • Current Sale Recording Date: Apr 03, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000003
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:

$1,600,000

Sale Price/ft²

$532

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4145 ft²

Average Home Age

39.7 years

Currently For Sale

63 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# 71331204

Frequently Asked Questions

When was property at 48 Lake Drive built and last sold?
The property at 48 Lake Drive was built in 1955 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 48 Lake Drive is $576,912.
What are some comparable homes to 48 Lake Drive?
There are currently no comparable homes to 48 Lake Drive.
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