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Needham 02492
5 Grant St
$615,000
● House - Off Market

5 Grant St

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,247 Ft²
$640,036
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Attention builders and rehabbers! Adorable family home in need of restoration!  Fabulous downtown Needham location!  Large living room with bookshelves, dining room with china cabinet, small 1950's kitchen and extra room - office or family room in front.  3 good size bedrooms upstairs Needs new furnace and electrical (fuses in combination of boxes, could be some knob and tube). Replacement windows, most, roof is architectural shingles. Unusual plot plan, attached. Great location in Needham Center - near all the stores, restaurants and the commuter rail. Will need construction loan or cash for financing. Property sold in "as is" condition. Buyer/buyers agent to do own due diligence. This diamond in the rough could be a real gem!! Showings by appointment only.
Unit Size
1,247 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$505
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1914

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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 #72975633)

Price History

Date / Event Date Event Price
Jun 30, 2022 Sold
Premium
Sold
May 3, 2022 Listed by Coldwell Banker Realty - Needham $629,900
Listed by Coldwell Banker Realty - Needham

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1997
  • 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: 5
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 622
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,247
  • Gross Building Area: 1,868
  • Building Area: 1,247
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,247
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: GR

Geography

  • Parcel: NEED M:047.0 B:0011 L:0000.0
  • Block: 11
  • Municipality: NEEDHAM
  • Latitude: 42.2787
  • Longitude: -71.2346

    Address

  • Full Address: 5 Grant St
  • Address - House Number: 5
  • Address - Street Name: Grant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 2915
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $767,900

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 791,646
  • High Value: 927,649
  • Low Value: 655,643

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $588,900
  • Assessed Land Value: $441,100
  • Assessed Improvements Value: $147,800

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58385
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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 72975633

Frequently Asked Questions

When was property at 5 Grant Street built and last sold?
The property at 5 Grant Street was built in 1914 and last sold on Jun 30, 2022 for $615,000.
How much is this home worth?
The estimated value of the home located at 5 Grant Street is $639,328.
What are some comparable homes to 5 Grant Street?
There are currently no comparable homes to 5 Grant Street.
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