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Needham 02492
60 Sylvan Rd
$743,000
● House - Off Market

60 Sylvan Rd

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,114 Ft²
$1,533,645
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Set back from the road in a desirable neighborhood, 60 Sylvan Road offers views of conservation land and easy access to schools, shops, and transportation. A second story addition designed by an award winning architect and built by a premium builder was just completed. The second floor features four bedrooms and two bathrooms, including a master bedroom with three closets and ensuite bathroom with double sinks and separate toilet. Located on the first floor are a vaulted skylit entry, crown molding, hardwood floors, designer kitchen, living room, family room, dining room, and half bath. A deck and patio are off the kitchen and the attached garage leads to a finished bonus room. The neutral and inviting color palette with carefully selected fixtures and finishes make this an elegant and comfortable home.
Unit Size
2,114 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$378
Property Type
House
Property Taxes
$475
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 #71608492)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 15, 2021 Listed by Andrew Mitchell & Company, LLC $948,000
Listed by Andrew Mitchell & Company, LLC
Jan 24, 2014 Sold
Premium
Sold
Nov 14, 2013 Listed by Andrew Mitchell & Company, LLC $799,900
Listed by Andrew Mitchell & Company, LLC
Jul 22, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2015
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,728
  • Gross Building Area: 2,592
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 403400

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:134.0 B:0037 L:0000.0
  • Block: 37
  • Municipality: NEEDHAM
  • Latitude: 42.2734
  • Longitude: -71.2431

    Address

  • Full Address: 60 Sylvan Rd
  • Address - House Number: 60
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C014
  • 4-Digit Zip Code: 1514
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,166,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,244,755
  • High Value: 1,453,623
  • Low Value: 1,035,886

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $894,700
  • Assessed Land Value: $528,000
  • Assessed Improvements Value: $366,700

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72978
  • Previous Sale Recording Date: Jan 24, 2014
  • Previous Sale Amount: $743,000
  • Previous Sale Document Type: O
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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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 months ago
Data Source: MLS PIN, MLS# 71608492

Frequently Asked Questions

When was property at 60 Sylvan Road built and last sold?
The property at 60 Sylvan Road was built in 1952 and last sold on Jun 3, 2021 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 60 Sylvan Road is $965,742.
What are some comparable homes to 60 Sylvan Road?
There are currently no comparable homes to 60 Sylvan Road.
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