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Needham 02494
59 Spring Road
$425,000
● House - Off Market

59 Spring Road

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,168 Ft²
$1,482,385
RealtyHop Estimate
222.96%
Since Oct 1, 1999
MA-Boston
Primary Model

About This Property

GUTTED & REBUILT 1992. 4 BR GARRISON COL W/NEW KITCHEN & BATHS, HARDWOOD FLOORS, 2 FAMILY ROOMS 2/SKYLIGHTS & CEILING FANS. MASTER HAS WALK-IN CLOSET W/DRESSING AREA. WALK-UP ATTIC. BONUS 2 STORY WORKSHIP W/OFFICE. NEAR SHOPS & TRAIN.
Unit Size
2,168 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$212
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #30338750)

Price History

Date / Event Date Event Price
Sep 3, 1999 Sold
Premium
Sold
Jul 17, 1999 Listed $459,000
Listed
Sep 29, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,066
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 1,872
  • Gross Building Area: 3,514
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000220
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:068.0 B:0024 L:0000.0
  • Block: 24
  • Municipality: NEEDHAM
  • Latitude: 42.2949
  • Longitude: -71.2311

    Address

  • Full Address: 59 Spring Rd
  • Address - House Number: 59
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1616
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,125,100

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,229,858
  • High Value: 1,420,337
  • Low Value: 1,039,379

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $862,800
  • Assessed Land Value: $550,400
  • Assessed Improvements Value: $312,400

    Sales

  • Current Sale Recording Date: Sep 03, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 29, 1992
  • Previous Sale Amount: $145,000
  • 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

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30338750

Frequently Asked Questions

When was property at 59 Spring Road built and last sold?
The property at 59 Spring Road was built in 1954 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 59 Spring Road is $0.
What are some comparable homes to 59 Spring Road?
There are currently no comparable homes to 59 Spring Road.
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