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Needham 02492
6 Lake Drive
$635,000
● House - Off Market

6 Lake Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$1,119,042
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Convenient in town location! Cute, light and bright home with fenced yard sits on the corner of a dead-end street. Living room with cathedral ceiling, fireplace, skylight and hardwood floors opens to dining area and kitchen. Second floor offers three bedrooms and full bath. Lower level has one bedroom, bath and laundry. Lots of storage plus 2 car garage. Short walk to town center, train, town pool and park. Move right in!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$448
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1952

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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 #71830459)

Price History

Date / Event Date Event Price
Jul 24, 2015 Sold
Premium
Sold
May 5, 2015 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $645,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St
Jun 28, 2000 Sold
Premium
Sold
Mar 3, 2000 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $369,900
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 756
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,152
  • Gross Building Area: 1,908
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000240
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:052.0 B:0052 L:0000.0
  • Block: 52
  • Municipality: NEEDHAM
  • Latitude: 42.2833
  • Longitude: -71.2391

    Address

  • Full Address: 6 Lake Dr
  • Address - House Number: 6
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C025
  • 4-Digit Zip Code: 2041
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $929,600

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 979,782
  • High Value: 1,145,538
  • Low Value: 814,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $712,900
  • Assessed Land Value: $505,200
  • Assessed Improvements Value: $207,700

    Sales

  • Current Sale Recording Date: Jul 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70464
  • Previous Sale Recording Date: Jun 28, 2000
  • Previous Sale Amount: $362,500
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71830459

Frequently Asked Questions

When was property at 6 Lake Drive built and last sold?
The property at 6 Lake Drive was built in 1952 and last sold on Jan 1, 1970 for $635,000.
How much is this home worth?
The estimated value of the home located at 6 Lake Drive is $653,597.
What are some comparable homes to 6 Lake Drive?
There are currently no comparable homes to 6 Lake Drive.
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