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Needham 02492
549 Chestnut Street
$730,000
● House - Off Market

549 Chestnut Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,405 Ft²
$1,047,593
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

This fabulous cape offers suburban living with an urban twist. Close to the train, grocery, YMCA and all that Needham center has to offer. Charm abounds in this home; with a lovely fireplaced living room, dining room with built in china cabinet, eat-in kitchen with newer appliances, leathered granite counters and subway tiles, sunny cathedral ceiling study or family room and a half bath on the first floor. On the second floor you will find a generous master bedroom, two adorable bedrooms and a full bath. Other amenities include; hardwood flooring throughout, lower level playroom, new gas furnace and hot water heater, newer windows, one car garage, expanded driveway and large deck overlooking the level yard. This is just the home you have been waiting for!
Unit Size
1,405 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$523
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1939

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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 #72480058)

Price History

Date / Event Date Event Price
Jul 11, 2019 Sold
Premium
Sold
Apr 10, 2019 Listed by Keller Williams Realty $735,000
Listed by Keller Williams Realty
Jul 15, 2013 Sold
Premium
Sold
May 4, 2013 Listed by Keller Williams Realty $549,000
Listed by Keller Williams Realty
Dec 15, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 730
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,432
  • Gross Building Area: 2,135
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALGER E EATON
  • Land Acres: 0000000170
  • 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:044.0 B:0056 L:0000.0
  • Block: 56
  • Municipality: NEEDHAM
  • Latitude: 42.2687
  • Longitude: -71.2387

    Address

  • Full Address: 549 Chestnut St
  • Address - House Number: 549
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 2857
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $910,500

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 977,943
  • High Value: 1,143,389
  • Low Value: 812,497

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $698,200
  • Assessed Land Value: $435,400
  • Assessed Improvements Value: $262,800

    Sales

  • Current Sale Contract Date: Jul 03, 2019
  • Current Sale Recording Date: Jul 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57412
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Amount: $539,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$1,627,000

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72480058

Frequently Asked Questions

When was property at 549 Chestnut Street built and last sold?
The property at 549 Chestnut Street was built in 1939 and last sold on Jul 3, 2019 for $730,000.
How much is this home worth?
The estimated value of the home located at 549 Chestnut Street is $737,811.
What are some comparable homes to 549 Chestnut Street?
There are currently no comparable homes to 549 Chestnut Street.
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