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Needham 02492
518 Great Plain Avenue
$935,000
● House - Off Market

518 Great Plain Avenue

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,750 Ft²
$949,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

This charming cape style home is the one you have been looking for! On the main level of this home you'll find a nice size living room w/ fireplace, kitchen with dining area and exterior access to the large deck and private back yard, office & two bedrooms. On the second level you will find a primary bedroom, an additional bedroom & family bath. The lower level of this home has a full bath, direct entry to the garage & lots of space for storage or potential to add a playroom.  The fenced in back yard is private and the perfect spot to relax or entertain. Lots of windows throughout make this home bright and sunny.   Short distance to Needham Center & Needham Heights shops, restaurant, Hersey Commuter Rail Station, Hazel's Bakery, Dunkin, Perry Park & more. Open Sunday 11:30 to 1!
Unit Size
1,750 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$542
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1946

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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 #73158963)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Oct 17, 2023 In contract -
In contract
Sep 13, 2023 Listed by Keller Williams Realty $949,000
Listed by Keller Williams Realty
Aug 25, 2015 Sold
Premium
Sold
Jun 25, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 2000
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,036
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,750
  • Gross Building Area: 2,786
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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:0067 L:0000.0
  • Block: 67
  • Municipality: NEEDHAM
  • Latitude: 42.2787
  • Longitude: -71.2191

    Address

  • Full Address: 518 Great Plain Ave
  • Address - House Number: 518
  • Address - Street Name: Great Plain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 3730
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $944,100

    Appraisal Valuation

  • Standard Deviation: 0.0706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 95
  • Final Value: 952,212
  • High Value: 1,019,451
  • Low Value: 884,973

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $724,000
  • Assessed Land Value: $479,100
  • Assessed Improvements Value: $244,900

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79251
  • Previous Sale Recording Date: Aug 25, 2015
  • Previous Sale Amount: $655,000
  • 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:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73158963

Frequently Asked Questions

When was property at 518 Great Plain Avenue built and last sold?
The property at 518 Great Plain Avenue was built in 1946 and last sold on Nov 29, 2023 for $935,000.
How much is this home worth?
The estimated value of the home located at 518 Great Plain Avenue is $948,686.
What are some comparable homes to 518 Great Plain Avenue?
There are currently no comparable homes to 518 Great Plain Avenue.
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