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Needham 02492
53 Gayland Rd
$255,000
● House - Off Market

53 Gayland Rd

Needham, MA 02492
bedrooms
2 Beds
bathrooms
1 Bath
$865,821
RealtyHop Estimate
239.54%
Since Jun 1, 1999
MA-Boston
Primary Model

About This Property

WONDERFUL COTSWALD STYLED HOME WITH A DEIGHTFULLY DIFFERENT FLOORPLAN WARM FIREPLACED LIVING ROOM,FORMAL DINING ROOM TWO GOOD BEDROOMS, EAT IN KITCHEN, 3 SEASON PORCH OVERLOOKS PRIVATE YARD SMALL OFFICE OR COMPUTER ROOM DONT MISS THIS
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1934

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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 #30293271)

Price History

Date / Event Date Event Price
Jan 28, 2002 Sold
Premium
Sold
Oct 12, 2001 Listed $369,000
Listed
May 21, 1999 Sold
Premium
Sold
Feb 12, 1999 Listed $255,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 796
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 796
  • Gross Building Area: 1,592
  • Building Area: 796
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 796
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT PLACE
  • Land Acres: 0000000260
  • 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: SRB

Geography

  • Parcel: NEED M:042.0 B:0015 L:0000.0
  • Block: 15
  • Municipality: NEEDHAM
  • Latitude: 42.2722
  • Longitude: -71.237

    Address

  • Full Address: 53 Gayland Rd
  • Address - House Number: 53
  • Address - Street Name: Gayland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 2801
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $827,000

    Appraisal Valuation

  • Standard Deviation: 0.1498
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 861,828
  • High Value: 991,000
  • Low Value: 732,656

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $634,200
  • Assessed Land Value: $478,400
  • Assessed Improvements Value: $155,800

    Sales

  • Current Sale Recording Date: Jan 28, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 016367
  • Previous Sale Recording Date: May 21, 1999
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: 27
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:

$1,612,500

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

65

Average Home Size

4163 ft²

Average Home Age

37.4 years

Currently For Sale

67 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# 30293271

Frequently Asked Questions

When was property at 53 Gayland Road built and last sold?
The property at 53 Gayland Road was built in 1934 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 53 Gayland Road is $378,804.
What are some comparable homes to 53 Gayland Road?
There are currently no comparable homes to 53 Gayland Road.
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