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Needham 02492
497 Chestnut St
$530,000
● House - Off Market

497 Chestnut St

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,875 Ft²
$1,060,519
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Sparkling,well maintained Village Colonial within 1 block Needham Junction commuter rail to Boston.This bright and sunny home has 9' ceilings, gracious foyer, fireplaced livingroom with window seat, formal dining room, beautiful natural mouldings and hardwood floors, central vac, rear yard is fenced, new oil tank, central air conditioning, new stove and microwave 2006,lovely updated kitchen, 1 car garage *** Seller offering $1,000 bonus selling agent !!!!!
Unit Size
1,875 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$303
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #70531842)

Price History

Date / Event Date Event Price
Jun 26, 2007 Sold
Premium
Sold
Feb 27, 2007 Listed by Keller Williams Realty $569,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1998
  • Total Rooms: 7
  • 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: 750
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,748
  • Gross Building Area: 2,535
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000190
  • 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:044.0 B:0010 L:0000.0
  • Block: 10
  • Municipality: NEEDHAM
  • Latitude: 42.2706
  • Longitude: -71.2387

    Address

  • Full Address: 497 Chestnut St
  • Address - House Number: 497
  • 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: $827,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,001,726
  • High Value: 1,156,872
  • Low Value: 846,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $634,300
  • Assessed Land Value: $439,200
  • Assessed Improvements Value: $195,100

    Sales

  • Current Sale Recording Date: Jun 26, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 104401
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 years ago
Data Source: MLS PIN, MLS# 70531842

Frequently Asked Questions

When was property at 497 Chestnut Street built and last sold?
The property at 497 Chestnut Street was built in 1900 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 497 Chestnut Street is $0.
What are some comparable homes to 497 Chestnut Street?
There are currently no comparable homes to 497 Chestnut Street.
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