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Dedham 02026 Downtown Dedham
56 Richards
$435,000
● House - Off Market

56 Richards

Dedham, MA 02026
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,624 Ft²
$963,633
RealtyHop Estimate
119.51%
Since Sep 1, 2002
MA-Boston
Primary Model

About This Property

PRECINCT 1 ANTIQUE COLONIAL IN DESIRABLE NEIGHBORHOOD, BEAUTIFUL LARGE BACKYARD WITH SPECIMEN PLANTINGS, GRACIOUS LIVINGROOM & DININGROOM, COZY FAMILYRM, EAT-IN KITCHEN, WALK OUT BASEMENT, LG. PLAYROOM, WELL-MAINTAINED, A REAL GEM!!!
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$270
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
1860

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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: 5 months ago (MLSPIN #30620849)

Price History

Date / Event Date Event Price
Aug 30, 2002 Sold
Premium
Sold
Jun 27, 2002 Listed by Dewolfe-Westwood $439,000
Listed by Dewolfe-Westwood
Nov 18, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 414
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,198
  • Total Building Area: 1,724
  • Gross Building Area: 3,701
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,724
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dedham School District
  • School Tax School District: DEDHAM SD
  • Census Tract: 402500

Zoning

  • Zoning: B

Geography

  • Parcel: DEDH M:0107 L:0004
  • Lot: 4
  • Municipality: DEDHAM
  • Latitude: 42.244
  • Longitude: -71.1797

    Address

  • Full Address: 56 Richards St
  • Address - House Number: 56
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dedham
  • Carrier Code: C023
  • 4-Digit Zip Code: 5830
  • Zip Code: 02026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,078,600

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 801,409
  • High Value: 978,138
  • Low Value: 624,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $840,000
  • Assessed Land Value: $323,100
  • Assessed Improvements Value: $516,900

    Sales

  • Current Sale Recording Date: Aug 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 150272
  • Previous Sale Recording Date: Nov 18, 1998
  • Previous Sale Amount: $284,000
  • 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 Downtown Dedham

Stats & Trends

Median Asking:

$804,950

Sale Price/ft²

$445

Below Asking

0.01%

Average Days on Market

70

Average Home Size

1897 ft²

Average Home Age

103.1 years

Currently For Sale

9 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# 30620849

Frequently Asked Questions

When was property at 56 Richards Street built and last sold?
The property at 56 Richards Street was built in 1860 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 56 Richards Street is $460,272.
What are some comparable homes to 56 Richards Street?
There are currently no comparable homes to 56 Richards Street.
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