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Needham 02492
48 Oak Knoll Terrace
$728,000
● House - Off Market

48 Oak Knoll Terrace

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,058 Ft²
$1,210,183
RealtyHop Estimate
63.76%
Since Feb 1, 2017
MA-Boston
Primary Model

About This Property

This spacious Cape is located on quiet, dead end street just minutes from Needham Center and is a short distance to the commuter rail stop. The house sits on a 15,000 square feet lot with a tree filled back yard that offer lots of shade in the hot summer months. The first floor layout includes a large fireplaced living room, eat in kitchen, dining room, two bedrooms (one with walk-in closet), full bath, and enclosed front porch. The second floor offers two large additional bedrooms and a full bath. The spacious basement provides ample room for storage, and includes a finished room that would make a great room for a rec area or den. Nearby schools in an ideal district make this a sought after location..
Unit Size
2,058 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$359
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1919

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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: 4 months ago (MLSPIN #72068540)

Price History

Date / Event Date Event Price
Jan 27, 2017 Sold
Premium
Sold
Sep 16, 2016 Listed by RE/MAX Home Team $739,000
Listed by RE/MAX Home Team

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1990
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,248
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 2,058
  • Gross Building Area: 3,306
  • Building Area: 2,058
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,058
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000350
  • 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:128.0 B:0004 L:0000.0
  • Block: 4
  • Municipality: NEEDHAM
  • Latitude: 42.2824
  • Longitude: -71.2471

    Address

  • Full Address: 48 Oak Knoll Ter
  • Address - House Number: 48
  • Address - Street Name: Oak Knoll
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1828
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,048,400

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,162,542
  • High Value: 1,338,709
  • Low Value: 986,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $804,000
  • Assessed Land Value: $534,500
  • Assessed Improvements Value: $269,500

    Sales

  • Current Sale Recording Date: Jan 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8607
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

4296 ft²

Average Home Age

38.6 years

Currently For Sale

66 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# 72068540

Frequently Asked Questions

When was property at 48 Oak Knoll Terrace built and last sold?
The property at 48 Oak Knoll Terrace was built in 1919 and last sold on Jan 1, 1970 for $728,000.
How much is this home worth?
The estimated value of the home located at 48 Oak Knoll Terrace is $765,686.
What are some comparable homes to 48 Oak Knoll Terrace?
There are currently no comparable homes to 48 Oak Knoll Terrace.
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