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Needham 02492
5 Richardson Dr
$745,000
● House - Off Market

5 Richardson Dr

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
99,999 Ft²
$1,553,868
RealtyHop Estimate
104.73%
Since Sep 1, 2003
MA-Boston
Primary Model

About This Property

PROFESSIONALLY DECORATED EIGHT ROOM MULTI-COLONIAL WITH LARGE SUNNY ROOMS THROUGHOUT. FOUR SPACIOUS BEDROOMS AND 2 1/2 CUSTOM DESIGNED BATHROOMS. PRIVATE PATIO OVERLOOKING BEAUTIFULLY LANDSCAPED YARD.PRISTINE CONDITION INSIDE & OUT.
Unit Size
99,999 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$8
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1962

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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: 4 years ago (MLSPIN #30719017)

Price History

Date / Event Date Event Price
Aug 15, 2003 Sold
Premium
Sold
May 8, 2003 Listed by Louise Condon Realty $759,000
Listed by Louise Condon Realty

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 780
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,416
  • Gross Building Area: 3,196
  • Building Area: 2,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,416
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: SRA

Geography

  • Parcel: NEED M:206.0 B:0046 L:0000.0
  • Block: 46
  • Municipality: NEEDHAM
  • Latitude: 42.2691
  • Longitude: -71.2425

    Address

  • Full Address: 5 Richardson Dr
  • Address - House Number: 5
  • Address - Street Name: Richardson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C005
  • 4-Digit Zip Code: 2817
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,270,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,390,008
  • High Value: 1,605,291
  • Low Value: 1,174,725

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $974,300
  • Assessed Land Value: $595,000
  • Assessed Improvements Value: $379,300

    Sales

  • Current Sale Recording Date: Aug 15, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 985299
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 years ago
Data Source: MLS PIN, MLS# 30719017

Frequently Asked Questions

When was property at 5 Richardson Drive built and last sold?
The property at 5 Richardson Drive was built in 1962 and last sold on Jan 1, 1970 for $745,000.
How much is this home worth?
The estimated value of the home located at 5 Richardson Drive is $0.
What are some comparable homes to 5 Richardson Drive?
There are currently no comparable homes to 5 Richardson Drive.
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