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Needham 02492
51 Riverbend Lane
$2,500,000
● House - Off Market

51 Riverbend Lane

Needham, MA 02492
bedrooms
5 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
6,535 Ft²
$5,704,324
RealtyHop Estimate
108.19%
Since Dec 1, 2009
MA-Boston
Primary Model

About This Property

A spectacular Colonial offering 6,500+ SF of meticulously crafted living space on a stunning, beautifully landscaped acre. Riverbend Lane occupies 16 acres adjacent to the Charles River & will be home to 6 uniquely magnificent residences.  Perfect execution by this master builder is evident thruout w/ elegant appointments incl. mahogany study, coffered LR ceiling, dramatic fieldstone FP, handsome mouldings, stunning baths, front & back stairs. An architecturally gracious home of timeless appeal
Unit Size
6,535 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$419
Property Type
House
Property Taxes
$833,333
HOA Dues
-
Year Built
2009

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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 #70860630)

Price History

Date / Event Date Event Price
Nov 18, 2009 Sold
Premium
Sold
Jan 6, 2009 Listed by Coldwell Banker Realty - Needham $2,740,000
Listed by Coldwell Banker Realty - Needham
May 21, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,637
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 7,534
  • Gross Building Area: 10,170
  • Building Area: 7,534
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 7,534
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001060
  • 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:204.0 B:0039 L:0000.0
  • Block: 39
  • Municipality: NEEDHAM
  • Latitude: 42.2642
  • Longitude: -71.2317

    Address

  • Full Address: 51 Riverbend Ln
  • Address - House Number: 51
  • Address - Street Name: Riverbend
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2795
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,427,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1193
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 3,662,677
  • High Value: 4,099,823
  • Low Value: 3,225,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,628,600
  • Assessed Land Value: $709,000
  • Assessed Improvements Value: $1,919,600

    Sales

  • Current Sale Recording Date: Nov 18, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1188631
  • Previous Sale Recording Date: May 21, 2008
  • Previous Sale Amount: $3,575,000
  • Previous Sale Document Type: 48
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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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 years ago
Data Source: MLS PIN, MLS# 70860630

Frequently Asked Questions

When was property at 51 Riverbend Lane built and last sold?
The property at 51 Riverbend Lane was built in 2009 and last sold on Jan 1, 1970 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 51 Riverbend Lane is $0.
What are some comparable homes to 51 Riverbend Lane?
There are currently no comparable homes to 51 Riverbend Lane.
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