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Dedham 02026 Downtown Dedham
53 Richards Street
$675,000
● House - Off Market

53 Richards Street

Dedham, MA 02026
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,040 Ft²
$999,127
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Located on a lovely, quiet side street in Precinct 1, this exceptional c.1895 Colonial is updated and move-in-ready. First floor features  lovely front entry hall, pretty living room, fireplaced dining room, beautiful kitchen with stainless steel appliances, center island and refinished hardwood floors, half bath and rear entrance with laundry area. Four bedrooms and full bath on second floor, including master b.r. with walk-in-closet. Third floor has large fifth bedroom and attic with ample storage. Pretty landscaping, lovely patio and large storage shed in rear. Great playroom/exercise room in basement. Updated systems and central air. Close to all village amenities, Legacy Place and easy access to highways, trains to Boston, Providence and NYC.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$331
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
1895

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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 #72364138)

Price History

Date / Event Date Event Price
Sep 14, 2018 Sold
Premium
Sold
Jul 18, 2018 Listed by Coldwell Banker Residential Brokerage - Dedham $675,000
Listed by Coldwell Banker Residential Brokerage - Dedham
Mar 30, 2012 Sold
Premium
Sold
Jun 1, 2011 Listed by Coldwell Banker Residential Brokerage - Dedham $449,900
Listed by Coldwell Banker Residential Brokerage - Dedham

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 829
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,117
  • Total Building Area: 2,040
  • Gross Building Area: 3,402
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dedham School District
  • School Tax School District: DEDHAM SD
  • Census Tract: 402500

Zoning

  • Zoning: B

Geography

  • Parcel: DEDH M:0107 L:0045
  • Lot: 45
  • Municipality: DEDHAM
  • Latitude: 42.2442
  • Longitude: -71.1793

    Address

  • Full Address: 53 Richards St
  • Address - House Number: 53
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dedham
  • Carrier Code: C023
  • 4-Digit Zip Code: 5831
  • Zip Code: 02026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $892,300

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 906,499
  • High Value: 1,100,793
  • Low Value: 712,205

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $694,900
  • Assessed Land Value: $291,400
  • Assessed Improvements Value: $403,500

    Sales

  • Current Sale Recording Date: Sep 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82280
  • Previous Sale Recording Date: Mar 30, 2012
  • Previous Sale Amount: $430,000
  • 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 Downtown Dedham

Stats & Trends

Median Asking:

$799,450

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2414 ft²

Average Home Age

102 years

Currently For Sale

9 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# 72364138

Frequently Asked Questions

When was property at 53 Richards Street built and last sold?
The property at 53 Richards Street was built in 1895 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 53 Richards Street is $672,070.
What are some comparable homes to 53 Richards Street?
There are currently no comparable homes to 53 Richards Street.
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