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Needham 02492
49 Savoy Road
$1,460,000
● House - Off Market

49 Savoy Road

Needham, MA 02492
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,000 Ft²
$3,057,240
RealtyHop Estimate
107.27%
Since Jun 1, 2011
MA-Boston
Primary Model

About This Property

New construction w/ classic, high end finishings on 10k+ sf lot in Mitchell school district. 1st floor features island kitchen w/ custom cabinets,ss apps, fireplaced family room, LR, DR, mudrm & office. Master suite with vaulted ceiling, large closets, marble bath w/ custom shower. 3 addt'l bedrooms, 2 full baths (1 j&j), laundry and walk-up attic stairs complete 2nd floor. Bedrm, playroom & full bath in finished basement. Hardwd throughout.  Level yard, irrigation, paver drive, patio/walkways
Unit Size
5,000 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$295
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
2011

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Cap Rate Calculator

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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: 5 months ago (MLSPIN #71206655)

Price History

Date / Event Date Event Price
May 13, 2011 Sold
Premium
Sold
Mar 28, 2011 Listed by Precision Properties $1,475,000
Listed by Precision Properties
Oct 6, 2010 Listed by Precision Properties $1,475,000
Listed by Precision Properties
May 27, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,857
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,860
  • Gross Building Area: 5,717
  • Building Area: 3,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,860
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:025.0 B:0022 L:0000.0
  • Block: 22
  • Municipality: NEEDHAM
  • Latitude: 42.2868
  • Longitude: -71.215

    Address

  • Full Address: 49 Savoy Rd
  • Address - House Number: 49
  • Address - Street Name: Savoy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4035
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,341,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,347,443
  • High Value: 2,711,013
  • Low Value: 1,983,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,795,400
  • Assessed Land Value: $589,400
  • Assessed Improvements Value: $1,206,000

    Sales

  • Current Sale Recording Date: May 13, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000004
  • Previous Sale Recording Date: May 27, 2010
  • Previous Sale Amount: $589,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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: 5 months ago
Data Source: MLS PIN, MLS# 71206655

Frequently Asked Questions

When was property at 49 Savoy Road built and last sold?
The property at 49 Savoy Road was built in 2011 and last sold on Jan 1, 1970 for $1,460,000.
How much is this home worth?
The estimated value of the home located at 49 Savoy Road is $1,489,722.
What are some comparable homes to 49 Savoy Road?
There are currently no comparable homes to 49 Savoy Road.
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