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Needham 02492
481 Chestnut Street
$695,000
● House - Off Market

481 Chestnut Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,600 Ft²
$1,006,516
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

This charming 1924 colonial/bungalow has a most welcoming front porch providing three season space for living and relaxing. From the porch step into the foyer leading to a large living room with fireplace and a spacious, formal dining room. A bright kitchen with gas stove and a half bath complete the first floor. On the second level there are three generous bedrooms, all with great closet space, and a full bath. The lower level provides more living space with a playroom, bonus room and an office. Additional features include hardwood floors, central air, deck and a  two car garage. This property is convenient to shopping, restaurants and the commuter train. The home offers comfortable living with an in-town location.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$403
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1924

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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 #72152781)

Price History

Date / Event Date Event Price
Jul 14, 2017 Sold
Premium
Sold
Apr 25, 2017 Listed by Coldwell Banker Residential Brokerage - Needham $645,000
Listed by Coldwell Banker Residential Brokerage - Needham
Dec 3, 2012 Sold
Premium
Sold
Sep 13, 2012 Listed by Coldwell Banker Residential Brokerage - Needham $517,000
Listed by Coldwell Banker Residential Brokerage - Needham
Aug 28, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 825
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,255
  • Gross Building Area: 2,079
  • Building Area: 1,255
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,255
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:045.0 B:0011 L:0000.0
  • Block: 11
  • Municipality: NEEDHAM
  • Latitude: 42.2712
  • Longitude: -71.2386

    Address

  • Full Address: 481 Chestnut St
  • Address - House Number: 481
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 2822
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,015,400

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,082,536
  • High Value: 1,246,579
  • Low Value: 918,493

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $778,700
  • Assessed Land Value: $526,700
  • Assessed Improvements Value: $252,000

    Sales

  • Current Sale Recording Date: Jul 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64304
  • Previous Sale Recording Date: Dec 03, 2012
  • Previous Sale Amount: $511,000
  • 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

3996 ft²

Average Home Age

38.3 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72152781

Frequently Asked Questions

When was property at 481 Chestnut Street built and last sold?
The property at 481 Chestnut Street was built in 1924 and last sold on Jan 1, 1970 for $695,000.
How much is this home worth?
The estimated value of the home located at 481 Chestnut Street is $662,317.
What are some comparable homes to 481 Chestnut Street?
There are currently no comparable homes to 481 Chestnut Street.
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