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Needham 02492
55 Wilshire Park
$800,000
● House - Off Market

55 Wilshire Park

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,728 Ft²
$1,213,052
RealtyHop Estimate
59.61%
Since May 1, 2017
MA-Boston
Primary Model

About This Property

A classic center entrance colonial sited on a lovely street with sidewalks and mature trees.  Located in the coveted Broadmeadow school district with quick access to Pollard Middle and Needham High.  Beautiful hardwood floors on both levels and good natural light for a sunny interior.  Entertain in the traditional front to back living room with wood burning fireplace or the hard wood deck just off the kitchen.  All three bedrooms are on the same level and the sitting room could be used as a pass thru 4th bedroom.  Partially finished lower level waiting for your completion.  Second full bath in the basement and one car detached garage.  Gas on the street if you wish to convert.  Walk to Hersey Commuter Rail Station and the Rebecca Perry Park.   Close to the town center and the Needham Golf Club.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$440
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1927

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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: 4 months ago (MLSPIN #72124156)

Price History

Date / Event Date Event Price
Apr 19, 2017 Sold
Premium
Sold
Feb 28, 2017 Listed by Coldwell Banker Residential Brokerage - Needham $760,000
Listed by Coldwell Banker Residential Brokerage - Needham
Aug 31, 1971 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1998
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 864
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,728
  • Gross Building Area: 2,592
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:031.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: NEEDHAM
  • Latitude: 42.2784
  • Longitude: -71.2202

    Address

  • Full Address: 55 Wilshire Park
  • Address - House Number: 55
  • Address - Street Name: Wilshire
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Needham
  • Carrier Code: C008
  • 4-Digit Zip Code: 3722
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,158,100

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,239,153
  • High Value: 1,448,789
  • Low Value: 1,029,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $888,100
  • Assessed Land Value: $626,700
  • Assessed Improvements Value: $261,400

    Sales

  • Current Sale Recording Date: Apr 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33141
  • Previous Sale Recording Date: Aug 31, 1971
  • Previous Sale Amount: $35,000
  • 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:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4309 ft²

Average Home Age

36.8 years

Currently For Sale

64 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# 72124156

Frequently Asked Questions

When was property at 55 Wilshire Park built and last sold?
The property at 55 Wilshire Park was built in 1927 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 55 Wilshire Park is $783,611.
What are some comparable homes to 55 Wilshire Park?
There are currently no comparable homes to 55 Wilshire Park.
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