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Needham 02492
56 Gatewood Drive
$1,187,500
● House - Off Market

56 Gatewood Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,350 Ft²
$2,185,946
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Impressively renovated colonial on beautiful lot in the Country Way estate area. Spacious floor plan boasts a welcoming foyer, front to back living room with fireplace, formal dining room, eat in kitchen with all new appliances, custom cabinets with ample granite counters, first floor family room with fire place, built ins, window seat and  sliders to spacious deck.  Newly refinished hard wood floors throughout. Tiled mudroom area at side door includes several custom closets. Four second floor bedrooms with custom closets, master bedroom has a walk-in closet and elegant bath. Tastefully finished lower level with full bath offers many possibilities.
Unit Size
3,350 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$358
Property Type
House
Property Taxes
$878
HOA Dues
-
Year Built
1972

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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 #71749223)

Price History

Date / Event Date Event Price
Dec 5, 2014 Sold
Premium
Sold
Sep 26, 2014 Listed by Louise Condon Realty $1,200,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2013
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 1,564
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Total Building Area: 2,666
  • Gross Building Area: 4,230
  • Building Area: 2,666
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,666
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000001070
  • 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: SRA

Geography

  • Parcel: NEED M:212.0 B:0047 L:0000.0
  • Block: 47
  • Municipality: NEEDHAM
  • Latitude: 42.2673
  • Longitude: -71.2572

    Address

  • Full Address: 56 Gatewood Dr
  • Address - House Number: 56
  • Address - Street Name: Gatewood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C028
  • 4-Digit Zip Code: 1428
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,769,100

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,803,792
  • High Value: 2,108,953
  • Low Value: 1,498,632

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,356,700
  • Assessed Land Value: $722,700
  • Assessed Improvements Value: $634,000

    Sales

  • Current Sale Recording Date: Dec 05, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107056

    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:

$1,629,000

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# 71749223

Frequently Asked Questions

When was property at 56 Gatewood Drive built and last sold?
The property at 56 Gatewood Drive was built in 1972 and last sold on Jan 1, 1970 for $1,187,500.
How much is this home worth?
The estimated value of the home located at 56 Gatewood Drive is $1,244,858.
What are some comparable homes to 56 Gatewood Drive?
There are currently no comparable homes to 56 Gatewood Drive.
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