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Needham 02492
51 Harris Ave
$1,715,000
● House - Off Market

51 Harris Ave

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,690 Ft²
$1,826,817
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Walk right in and feel at home! 51 Harris sits in Needham's desirable ladder street neighborhood - close to town, train station, schools and more. This turn-key home features 4 beds, 3.5 baths and 3 floors of beautifully finished living space.  The first floor features a grand entryway, formal living and dining rooms, open concept kitchen and family room, home office and 1/2 bath. The second floor has a large primary en suite with a newly renovated bathroom, 3 additional bedrooms and one full bathroom.  The basement has a large area for recreation, gym, full bath and more!  With many recent updates, including addition of a new bathroom, 2 new A/C condensers and re-finished flooring, this home checks all the boxes and more!
Unit Size
3,690 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$460
Property Type
House
Property Taxes
$1,432
HOA Dues
-
Year Built
2005

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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 #73043990)

Price History

Date / Event Date Event Price
Dec 14, 2022 Sold
Premium
Sold
Oct 11, 2022 In contract -
In contract
Oct 4, 2022 Listed by Compass $1,699,000
Listed by Compass
Jul 30, 2019 Sold
Premium
Sold
May 29, 2019 Listed by Compass $1,350,000
Listed by Compass
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,503
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 3,115
  • Gross Building Area: 4,558
  • Building Area: 3,115
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,115
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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:031.0 B:0038 L:0000.0
  • Block: 38
  • Municipality: NEEDHAM
  • Latitude: 42.2764
  • Longitude: -71.2197

    Address

  • Full Address: 51 Harris Ave
  • Address - House Number: 51
  • Address - Street Name: Harris
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 3705
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,774,000

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,867,838
  • High Value: 2,188,676
  • Low Value: 1,547,001

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,360,400
  • Assessed Land Value: $562,300
  • Assessed Improvements Value: $798,100

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104610
  • Previous Sale Recording Date: Jul 30, 2019
  • Previous Sale Contract Date: Jul 23, 2019
  • Previous Sale Amount: $1,355,000
  • Previous Sale Document Type: O
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73043990

Frequently Asked Questions

When was property at 51 Harris Avenue built and last sold?
The property at 51 Harris Avenue was built in 2005 and last sold on Dec 14, 2022 for $1,715,000.
How much is this home worth?
The estimated value of the home located at 51 Harris Avenue is $1,716,688.
What are some comparable homes to 51 Harris Avenue?
There are currently no comparable homes to 51 Harris Avenue.
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