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Needham 02494
55 Horace St
$860,000
● House - Off Market

55 Horace St

Needham, MA 02494
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,321 Ft²
$965,834
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Great starter or downsizer! You could add a second floor. Grand family room, stone gas fireplace, skylights, with a slider to the 18x18 deck. Hardwood floors are under the green carpets. Handicap accessible shower. Eat in kitchen overlooking the family room. Man cave or kids playroom in the basement. Laundry and a sink are next to the half bath in the basement. There is a huge storage area under the family room with access to the back yard. Hot water tank and gas furnace were new 2017. Move in or expand this home in beautiful Needham.
Unit Size
1,321 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$718
Property Type
House
Property Taxes
$659
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #73077847)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Feb 16, 2023 In contract -
In contract
Feb 9, 2023 Listed by Coldwell Banker Realty - Westwood $949,000
Listed by Coldwell Banker Realty - Westwood

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1999
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,196
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,321
  • Gross Building Area: 2,506
  • Building Area: 1,321
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,321
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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:092.0 B:0031 L:0000.0
  • Block: 31
  • Municipality: NEEDHAM
  • Latitude: 42.3041
  • Longitude: -71.2372

    Address

  • Full Address: 55 Horace St
  • Address - House Number: 55
  • Address - Street Name: Horace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 1767
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $843,000

    Appraisal Valuation

  • Standard Deviation: 0.0706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 95
  • Final Value: 993,992
  • High Value: 1,064,181
  • Low Value: 923,802

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $646,500
  • Assessed Land Value: $460,700
  • Assessed Improvements Value: $185,800

    Sales

  • Current Sale Contract Date: Apr 03, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18900
  • Previous Sale Recording Date: Feb 20, 2014
  • 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:

$1,600,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4359 ft²

Average Home Age

36.6 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73077847

Frequently Asked Questions

When was property at 55 Horace Street built and last sold?
The property at 55 Horace Street was built in 1951 and last sold on Apr 3, 2023 for $860,000.
How much is this home worth?
The estimated value of the home located at 55 Horace Street is $932,656.
What are some comparable homes to 55 Horace Street?
There are currently no comparable homes to 55 Horace Street.
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