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Needham 02492
504 Chestnut St
$647,000
● House - Off Market

504 Chestnut St

Needham, MA 02492
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,326 Ft²
$1,013,103
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

Classic 2/3 bedroom side entrance colonial set on a large, level 17,860 sq ft lot within walking distance of the train and town center. In need of cosmetics but well worth the effort to renovate . Some of the features include a spacious fireplaced living room, formal dining room bay window, king size master bedroom, vestibule, thru hall, hardwood floors, replacement windows, 200 amp electric service, modern boiler, walk up attic, underground sprinklers, breezeway and patio overlooking yard. Playroom with wet bar in finished basement.
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$489
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1950

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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 #72159670)

Price History

Date / Event Date Event Price
Oct 5, 2017 Sold
Premium
Sold
May 5, 2017 Listed by Realty Consultants $649,000
Listed by Realty Consultants
Aug 2, 1974 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 650
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 1,326
  • Gross Building Area: 1,976
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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:042.0 B:0004 L:0000.0
  • Block: 4
  • Municipality: NEEDHAM
  • Latitude: 42.2703
  • Longitude: -71.2381

    Address

  • Full Address: 504 Chestnut St
  • Address - House Number: 504
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 2826
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $890,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 975,220
  • High Value: 1,140,205
  • Low Value: 810,235

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $682,700
  • Assessed Land Value: $463,500
  • Assessed Improvements Value: $219,200

    Sales

  • Current Sale Recording Date: Oct 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95347
  • Previous Sale Recording Date: Aug 02, 1974
  • Previous Sale Amount: $42,000
  • 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

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# 72159670

Frequently Asked Questions

When was property at 504 Chestnut Street built and last sold?
The property at 504 Chestnut Street was built in 1950 and last sold on Jan 1, 1970 for $647,000.
How much is this home worth?
The estimated value of the home located at 504 Chestnut Street is $654,024.
What are some comparable homes to 504 Chestnut Street?
There are currently no comparable homes to 504 Chestnut Street.
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