For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Needham 02492
5 Rae Ave
$1,831,000
● House - Off Market

5 Rae Ave

Needham, MA 02492
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,359 Ft²
$1,841,372
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

LOCATION! LOCATION! LOCATION! Built in 2005, this beautiful home has been impeccably maintained. There are 5 spacious bedrooms and 2.5 baths and full finished basement. Hard wood floors throughout, open floor plan as well as a first floor office and laundry room on the second floor. This bright and sunny home sits on a bit over 10,000 sq. ft. on a quiet corner lot in the desirable Mitchell School district. Walk to Perry park and the Hersey Train stop. Welcome to Needham!
Unit Size
4,359 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$367
Property Type
House
Property Taxes
$1,658
HOA Dues
-
Year Built
2005

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 years ago (MLSPIN #72805830)

Price History

Date / Event Date Event Price
Jun 7, 2021 Sold
Premium
Sold
Mar 30, 2021 Listed by Keller Williams Realty $1,599,000
Listed by Keller Williams Realty
May 10, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,578
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 4,359
  • Gross Building Area: 5,937
  • Building Area: 4,359
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 4,359
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • 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:027.0 B:0081 L:0000.0
  • Block: 81
  • Municipality: NEEDHAM
  • Latitude: 42.2874
  • Longitude: -71.217

    Address

  • Full Address: 5 Rae Ave
  • Address - House Number: 5
  • Address - Street Name: Rae
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4033
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,313,800

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 2,195,520
  • High Value: 2,664,936
  • Low Value: 1,726,104

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,774,400
  • Assessed Land Value: $589,900
  • Assessed Improvements Value: $1,184,500

    Sales

  • Current Sale Contract Date: Jun 07, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1478836
  • Previous Sale Recording Date: May 10, 2002
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 48
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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

63

Average Home Size

4224 ft²

Average Home Age

37.6 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72805830

Frequently Asked Questions

When was property at 5 Rae Avenue built and last sold?
The property at 5 Rae Avenue was built in 2005 and last sold on Jun 7, 2021 for $1,831,000.
How much is this home worth?
The estimated value of the home located at 5 Rae Avenue is $0.
What are some comparable homes to 5 Rae Avenue?
There are currently no comparable homes to 5 Rae Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Needham Homes for Sale
Needham Houses for Sale
Needham Condos for Sale
Needham Townhouses for Sale
Needham Multifamily for Sale
Needham Land for Sale
Needham Commercial for Sale
Needham Homes with Basements
Nearby Cities
Newton Homes for Sale
Brookline Homes for Sale
Wellesley Homes for Sale
Watertown Town Homes for Sale
Dedham Homes for Sale
Milton Homes for Sale
Cochituate Homes for Sale
Dover Homes for Sale
Nearby Property Records
Norfolk County, MA Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Providence County, RI Property Records
Worcester County, MA Property Records
Essex County, MA Property Records
Bristol County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
South End Real Estate
Back Bay Real Estate
Coolidge Corner Real Estate
Watertown West End Real Estate
Commonwealth Real Estate
Brook Farm Real Estate
Jamaica Central - South Sumner Real Estate
Metropolitan Hill - Beach Street Real Estate
Nearby Counties
Newton Homes for Sale
Brookline Homes for Sale
Natick Homes for Sale
Wellesley Homes for Sale
Watertown Town Homes for Sale
Dedham Homes for Sale
Milton Homes for Sale
Wayland Homes for Sale
Top Real Estate Agents
Top Agents in Needham
Top Agents in Newton
Top Agents in Newton
Top Agents in Brookline
Top Agents in Brookline
Top Agents in Natick
Top Agents in 02130
Top Agents in 01760