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Newton 02468 Waban
56 Pine Ridge Rd
$4,100,000
● House - Off Market

56 Pine Ridge Rd

Newton, MA 02468
bedrooms
6 Beds
bathrooms
3 Baths, 3 Half Baths
square feet
6,011 Ft²
$24,301
Est. Monthly

About This Property

Incredible Waban renovation with 20,000sf flat backyard and multiple entertaining areas. The best party house! With 6 bedrooms, 3 full baths, 3 half baths, gym and home theatre, this home has it all-including a private, estate-like property. Buyers seeking designer finishes like the Wolf/Sub Zero equipped kitchen, butler's pantry, and open family room who appreciate period details of historic homes must see this fabulous opportunity. Also enjoy a heated 3-car garage with TV and bar area as well as fully updated systems, mature landscaping, full irrigation, and numerous home conveniences such as Sonos, Savant systems, and home generator. Enjoy the calm of living in a peaceful neighborhood while enjoying a city lifestyle within steps to Waban Center, several parks, and schools.
Unit Size
6,011 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$744
Property Type
House
Property Taxes
$2,328
HOA Dues
-
Year Built
1900

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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 #73226833)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 26, 2024 In contract -
In contract
Jun 7, 2024 Price Decreased $4,475,000
↓ $124K (2.7%)
Price Decreased
May 13, 2024 Price Increased $4,599,000
↑ $124K (2.8%)
Price Increased
Apr 22, 2024 Listed by Coldwell Banker Realty - Newton $4,475,000
Listed by Coldwell Banker Realty - Newton
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,703
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,600
  • Total Building Area: 4,220
  • Gross Building Area: 7,019
  • Building Area: 4,220
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,220
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374300

Zoning

  • Zoning: SR2

Geography

  • Account Number: 53020 0009
  • District: 207
  • Parcel: NEWT S:53 B:020 L:0009
  • Block: 20
  • Lot: 9
  • Municipality: NEWTON
  • Latitude: 42.3273
  • Longitude: -71.2231

    Address

  • Full Address: 56 Pine Ridge Rd
  • Address - House Number: 56
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Waban
  • Carrier Code: C045
  • 4-Digit Zip Code: 1617
  • Zip Code: 02468

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,793,400

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 3,434,551
  • High Value: 4,066,580
  • Low Value: 2,802,523

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,862,100
  • Assessed Land Value: $1,307,100
  • Assessed Improvements Value: $1,555,000

    Sales

  • Current Sale Recording Date: May 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63487

    Financing

  • First Mortgage Financing Type: UNK
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 Waban

Stats & Trends

Median Asking:

$2,399,000

Sale Price/ft²

$631

Below Asking

0.02%

Average Days on Market

75

Average Home Size

4826 ft²

Average Home Age

57.1 years

Currently For Sale

23 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73226833

Frequently Asked Questions

When was property at 56 Pine Ridge Road built and last sold?
The property at 56 Pine Ridge Road was built in 1900 and last sold on Jan 1, 1970 for $2,300,000.
How much is this home worth?
The estimated value of the home located at 56 Pine Ridge Road is $4,416,954.
What are some comparable homes to 56 Pine Ridge Road?
There are currently no comparable homes to 56 Pine Ridge Road.
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