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Needham 02494
511 Central Ave
$688,000
● House - Off Market

511 Central Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,090 Ft²
$1,001,130
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Attention Builders and remodelers, opportunity knocks in this 7 room 3 bedroom 2.5 bath Colonial in NEEDHAM. Great bones and sensible colonial layout present options for renovators after current owners 50 years of occupancy. Feature include fireplaced Livingroom, good dinning room with china cabinet, eat in kitchen steps to a one car garage. Large master with a wall of closets. and two other bedrooms upstairs all with hardwood floors. Large lot and great frontage. Walk to the new Williams School.
Unit Size
2,090 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$335
Property Type
House
Property Taxes
$602
HOA Dues
-
Year Built
1968

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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 #72579037)

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold
Premium
Sold
Jul 13, 2021 Listed by Realty Consultants $978,000
Listed by Realty Consultants
Jan 31, 2020 Sold
Premium
Sold
Oct 11, 2019 Listed by Realty Consultants $699,900
Listed by Realty Consultants

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 2015
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 884
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 2,090
  • Gross Building Area: 2,974
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000350
  • 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: 403502

Zoning

  • Zoning: B

Geography

  • Parcel: NEED M:097.0 B:0005 L:0000.0
  • Block: 5
  • Municipality: NEEDHAM
  • Latitude: 42.3017
  • Longitude: -71.2452

    Address

  • Full Address: 511 Central Ave
  • Address - House Number: 511
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1409
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,172,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,288,270
  • High Value: 1,487,796
  • Low Value: 1,088,744

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $899,100
  • Assessed Land Value: $489,100
  • Assessed Improvements Value: $410,000

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 117799
  • Previous Sale Recording Date: Jan 31, 2020
  • Previous Sale Contract Date: Jan 29, 2020
  • Previous Sale Amount: $688,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72579037

Frequently Asked Questions

When was property at 511 Central Avenue built and last sold?
The property at 511 Central Avenue was built in 1968 and last sold on Sep 10, 2021 for $974,000.
How much is this home worth?
The estimated value of the home located at 511 Central Avenue is $1,024,157.
What are some comparable homes to 511 Central Avenue?
There are currently no comparable homes to 511 Central Avenue.
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