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Needham 02494
53 Yale Road
Photo of 53 Yale Road
Sold on Jun 24, 2026

21

Map

Photo of 53 Yale Road
Photo of 53 Yale Road
$1,049,000
● House - Off Market

53 Yale Road

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,607 Ft²
$5,957
Est. Monthly

About This Property

Rare opportunity in one of the most desirable Needham's prime neighborhoods. This loving split-level 3 bedroom, 1.5 bath home is situated on a generous 0.27 acre lot offering exceptional potential for an end-users looking to create a custom home or a builder/developer looking for a next project.  Property is being sold "as-is". There is one car garage. Furnace and boiler are two years old. Conveniently located to major highways, commuter rail, schools, parks, Needham Center, shopping and dining.  Don't miss this great opportunity!
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$653
Property Type
House
Property Taxes
$806
HOA Dues
-
Year Built
1957

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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 #73506195)

Price History

Date / Event Date Event Price
Jun 24, 2026 Sold
Premium
Sold
May 5, 2026 In contract -
In contract
Apr 23, 2026 Listed by Coldwell Banker Realty - Needham $1,049,000
Listed by Coldwell Banker Realty - Needham

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,079
  • Gross Building Area: 2,135
  • Building Area: 1,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,079
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: SRB

Geography

  • Parcel: NEED M:078.0 B:0047 L:0000.0
  • Block: 47
  • Municipality: NEEDHAM
  • Latitude: 42.3024
  • Longitude: -71.2332

    Address

  • Full Address: 53 Yale Rd
  • Address - House Number: 53
  • Address - Street Name: Yale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 2444
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $812,900

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 968,979
  • High Value: 1,131,439
  • Low Value: 806,519

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $623,400
  • Assessed Land Value: $483,500
  • Assessed Improvements Value: $139,900
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

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 73506195

Frequently Asked Questions

When was property at 53 Yale Road built and last sold?
The property at 53 Yale Road was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 53 Yale Road is $0.
What are some comparable homes to 53 Yale Road?
There are currently no comparable homes to 53 Yale Road.
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