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Needham 02492
51 Forest Street
$815,000
● House - Off Market

51 Forest Street

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,992 Ft²
$1,626,967
RealtyHop Estimate
85.94%
Since Sep 1, 2004
MA-Boston
Primary Model

About This Property

SPACIOUS STRAIGHT FRONT COLONIAL ON LEVEL ACRE LOT.  GRACIOUS ENTRY WAY.  FRONT TO BACK LIVING ROOM. LARGE DINING ROOM. KITCHEN WITH GOOD EATING AREA.  FIRE PLACED FAMILY ROOM. DEN.  GOOD SIZED BEDROOMS. MASTER WITH BATH.  WELL PRICED HOUSE!
Unit Size
2,992 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$292
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1985

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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 months ago (MLSPIN #70024578)

Price History

Date / Event Date Event Price
Aug 2, 2004 Sold
Premium
Sold
Apr 19, 2004 Listed by Louise Condon Realty $875,000
Listed by Louise Condon Realty

Property Highlights

Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,822
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 2,992
  • Gross Building Area: 4,814
  • Building Area: 2,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,992
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:114.0 B:0003 L:0000.0
  • Block: 3
  • Municipality: NEEDHAM
  • Latitude: 42.2965
  • Longitude: -71.2581

    Address

  • Full Address: 51 Forest St
  • Address - House Number: 51
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C017
  • 4-Digit Zip Code: 1314
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,419,900

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,726,141
  • High Value: 1,993,484
  • Low Value: 1,458,798

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,088,900
  • Assessed Land Value: $630,400
  • Assessed Improvements Value: $458,500

    Sales

  • Current Sale Recording Date: Aug 02, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 144053
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# 70024578

Frequently Asked Questions

When was property at 51 Forest Street built and last sold?
The property at 51 Forest Street was built in 1985 and last sold on Jan 1, 1970 for $815,000.
How much is this home worth?
The estimated value of the home located at 51 Forest Street is $917,304.
What are some comparable homes to 51 Forest Street?
There are currently no comparable homes to 51 Forest Street.
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