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Needham 02494
50 Spring Rd
$890,000
● House - Off Market

50 Spring Rd

Needham, MA 02494
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,918 Ft²
$1,816,500
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

Welcome home to this warm & inviting 4-5 BDRM colonial w/charming farmers porch.Addition in 2003 & extensive renovations make this home "like new".Huge fenced yard ideal for entertaining & relaxation.Sun filled  kitchen w/pantry, Silestone & dining area.French pocket doors lead to large FP living RM. First floor office & family RM.Spacious cathedral, skylit master BDRM w/walk-in closet & sliders w/view to back yard. Large BDRMS throughout. Recently finished LL w/full BA. Walk to train & Heights.
Unit Size
2,918 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$288
Property Type
House
Property Taxes
$766
HOA Dues
-
Year Built
1954

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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 #71284661)

Price History

Date / Event Date Event Price
Dec 15, 2011 Sold
Premium
Sold
Sep 8, 2011 Listed by Louise Condon Realty $839,000
Listed by Louise Condon Realty
May 3, 2004 Sold
Premium
Sold
Oct 5, 2000 Sold
Premium
Sold
Aug 29, 2000 Listed by Louise Condon Realty $499,000
Listed by Louise Condon Realty
SPACIOUS AND CHARMING CAPE/RANCH. OPTIONS FOR ONE FLOOR LIVING OR GREAT FAMILY HOME. MOVE IN CONDITION. EXPANSION POTENTIAL. LARGE LEVEL LOT. WALK TO TRAIN, SHOPS AND SENIOR HIGH SCHOOL.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2003
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 1,250
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 2,974
  • Gross Building Area: 4,168
  • Building Area: 2,974
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,974
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OTIS F BOWEN ESTATE
  • Land Acres: 0000000320
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:068.0 B:0014 L:0000.0
  • Block: 14
  • Municipality: NEEDHAM
  • Latitude: 42.2948
  • Longitude: -71.2304

    Address

  • Full Address: 50 Spring Rd
  • Address - House Number: 50
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1617
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,546,800

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,745,631
  • High Value: 2,041,550
  • Low Value: 1,449,711

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,186,200
  • Assessed Land Value: $558,200
  • Assessed Improvements Value: $628,000

    Sales

  • Current Sale Recording Date: Dec 15, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000012
  • Previous Sale Recording Date: May 03, 2004
  • Previous Sale Amount: $805,000
  • Previous Sale Document Type: 27
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

4296 ft²

Average Home Age

38.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71284661

Frequently Asked Questions

When was property at 50 Spring Road built and last sold?
The property at 50 Spring Road was built in 1954 and last sold on Jan 1, 1970 for $890,000.
How much is this home worth?
The estimated value of the home located at 50 Spring Road is $890,627.
What are some comparable homes to 50 Spring Road?
There are currently no comparable homes to 50 Spring Road.
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