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Needham 02494
61 Lexington Avenue
Photo of 61 Lexington Avenue
Sold on May 3, 2006

1

Map

$625,000
● House - Off Market

61 Lexington Avenue

Needham, MA 02494
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,790 Ft²
$1,232,730
RealtyHop Estimate
79.96%
Since Jun 1, 2006
MA-Boston
Primary Model

About This Property

Move right in to this Mint Classic Colonial.Redecorated thruout.New Kitchen with warm colors in the new cabinets,granite counters & tile floor.Bathrooms also lovingly updated.This home just shines with sunlight & the hardwood floors.New sunroom with heat for year round use.Spacious master with walk-in closet plus 3 spacious and recently decorated bedrooms.Easy access family room in lower level.New furnace.Desirable quiet local short distance to school.-1/2mile to commuter train,Starbcks&TraderJ
Unit Size
1,790 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$383
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #70299775)

Price History

Date / Event Date Event Price
Jan 31, 2013 Sold
Premium
Sold
May 3, 2006 Sold
Premium
Sold
Nov 30, 2005 Listed $685,000
Listed
May 30, 2002 Sold
Premium
Sold
Feb 13, 2002 Listed by Coldwell Banker Realty - Needham $509,000
Listed by Coldwell Banker Realty - Needham
SUNFILLED CE COLONIAL OFFERS 4 BEDROOMS,F/B LIV RM,DIN,RM.W/ COR.CAB, BASEMENT PLAYROOM AND A CHOICE LOCATION CONVENIENT TO NEEDHAM HEIGHTS SHOPPING AND TRAIN TO BOSTON.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1998
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 690
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,747
  • Gross Building Area: 2,436
  • Building Area: 1,747
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,747
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARLETTA PARK
  • Land Acres: 0000000160
  • 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:061.0 B:0082 L:0000.0
  • Block: 82
  • Municipality: NEEDHAM
  • Latitude: 42.2918
  • Longitude: -71.2287

    Address

  • Full Address: 61 Lexington Ave
  • Address - House Number: 61
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1507
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,105,900

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,268,277
  • High Value: 1,483,276
  • Low Value: 1,053,279

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $848,100
  • Assessed Land Value: $558,500
  • Assessed Improvements Value: $289,600

    Sales

  • Current Sale Recording Date: Jan 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: May 03, 2006
  • Previous Sale Amount: $625,000
  • 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

$532

Below Asking

0.02%

Average Days on Market

63

Average Home Size

4148 ft²

Average Home Age

41.3 years

Currently For Sale

64 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: 6 months ago
Data Source: MLS PIN, MLS# 70299775

Frequently Asked Questions

When was property at 61 Lexington Avenue built and last sold?
The property at 61 Lexington Avenue was built in 1940 and last sold on Jan 1, 1970 for $724,000.
How much is this home worth?
The estimated value of the home located at 61 Lexington Avenue is $699,523.
What are some comparable homes to 61 Lexington Avenue?
There are currently no comparable homes to 61 Lexington Avenue.
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