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Newton 02468 Waban
587 Chestnut Street
Photo of 587 Chestnut Street
Sold on Aug 11, 2005

1

Map

$755,500
● House - Off Market

587 Chestnut Street

Newton, MA 02468
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,202 Ft²
$1,228,134
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

Value, charm and convenience! Handsome Waban center entrance Colonial has newer kitchen, third floor bedroom and bath and spacious backyard and patio.  Lots of closets throughout.  Recently remodeled eat-in kitchen, newer roof and exterior paint.  Less than 5 minute walk to Waban Square, T, parks and school.
Unit Size
2,202 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$318
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1906

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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 #70201278)

Price History

Date / Event Date Event Price
Aug 11, 2005 Sold
Premium
Sold
Jun 1, 2005 Listed $699,900
Listed
Apr 17, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 954
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,050
  • Total Building Area: 1,908
  • Gross Building Area: 3,885
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • 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: 374400

Zoning

  • Zoning: SR2

Geography

  • Account Number: 53034 0018
  • District: 207
  • Parcel: NEWT S:53 B:034 L:0018
  • Block: 34
  • Lot: 18
  • Municipality: NEWTON
  • Latitude: 42.3297
  • Longitude: -71.2261

    Address

  • Full Address: 587 Chestnut St
  • Address - House Number: 587
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Waban
  • Carrier Code: C045
  • 4-Digit Zip Code: 1225
  • Zip Code: 02468

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,045,000

    Appraisal Valuation

  • Standard Deviation: 0.1793
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,433,203
  • High Value: 1,690,296
  • Low Value: 1,176,110

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,070,700
  • Assessed Land Value: $1,005,300
  • Assessed Improvements Value: $65,400

    Sales

  • Current Sale Recording Date: Aug 11, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00174396
  • Previous Sale Recording Date: Apr 17, 2001
  • Previous Sale Amount: $510,000
  • 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 Waban

Stats & Trends

Median Asking:

$2,399,000

Sale Price/ft²

$629

Below Asking

0.02%

Average Days on Market

75

Average Home Size

5079 ft²

Average Home Age

53.1 years

Currently For Sale

21 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# 70201278

Frequently Asked Questions

When was property at 587 Chestnut Street built and last sold?
The property at 587 Chestnut Street was built in 1906 and last sold on Jan 1, 1970 for $755,500.
How much is this home worth?
The estimated value of the home located at 587 Chestnut Street is $751,681.
What are some comparable homes to 587 Chestnut Street?
There are currently no comparable homes to 587 Chestnut Street.
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