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Needham 02492
558 Chestnut Street
Photo of 558 Chestnut Street
Sold on Dec 24, 2008

1

Map

$530,000
● House - Off Market

558 Chestnut Street

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,581 Ft²
$1,167,986
RealtyHop Estimate
112.40%
Since Jan 1, 2009
MA-Boston
Primary Model

About This Property

This charming 3 bedroom 1930's Village Colonial is in a desirable location. Walking distance to town/train and in the NEWMAN school district. This very special home features an inviting foyer, beautiful LR with fireplace, gracious DR with built-in China cabinet.The spacious kitchen with breakfastnook overlooks a large deck and backyard for entertaining. Appreciate this lovingly cared for period home w/many special details. A distictive home graced by tradition is waiting for your personal touch
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$348
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1938

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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 #70818523)

Price History

Date / Event Date Event Price
Dec 24, 2008 Sold
Premium
Sold
Sep 10, 2008 Listed $549,900
Listed
Jun 15, 2005 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1997
  • Total Rooms: 6
  • 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: 885
  • 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: 1,581
  • Gross Building Area: 2,466
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,581
  • 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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:043.0 B:0020 L:0000.0
  • Block: 20
  • Municipality: NEEDHAM
  • Latitude: 42.2686
  • Longitude: -71.2382

    Address

  • Full Address: 558 Chestnut St
  • Address - House Number: 558
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C032
  • 4-Digit Zip Code: 2856
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $959,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,074,265
  • High Value: 1,240,647
  • Low Value: 907,884

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $735,800
  • Assessed Land Value: $438,200
  • Assessed Improvements Value: $297,600

    Sales

  • Current Sale Recording Date: Dec 24, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 115181
  • Previous Sale Recording Date: Jun 15, 2005
  • Previous Sale Amount: $560,000
  • 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

0.02%

Average Days on Market

64

Average Home Size

4240 ft²

Average Home Age

38.9 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70818523

Frequently Asked Questions

When was property at 558 Chestnut Street built and last sold?
The property at 558 Chestnut Street was built in 1938 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 558 Chestnut Street is $571,097.
What are some comparable homes to 558 Chestnut Street?
There are currently no comparable homes to 558 Chestnut Street.
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