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Needham 02492
61 Savoy Rd
$1,325,000
● House - Off Market

61 Savoy Rd

Needham, MA 02492
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,200 Ft²
$1,448,257
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

WELCOME TO BIRDS HILL! Nestled on a sizable lot in one of the Needham's most sought-after neighborhoods, this well-maintained home is ready to welcome a new family. The first floor features ample living space, with a family room that leads out to a serene, landscaped yard. Feel free to work from home in the first-floor home office, or use that space as an easily accessible extra bedroom. The second floor was newly added in 2003, featuring 4 bedrooms and 2 full bathrooms, including a master suite and an oversized laundry room. A finished basement features even more room for family fun, with ample room for storage. The private back yard is the perfect spot to relax or enjoy with friends and family on this quite street. Homes in this neighborhood do not come on the market often!
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$398
Property Type
House
Property Taxes
$998
HOA Dues
-
Year Built
1955

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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: 5 years ago (MLSPIN #72879605)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by Coldwell Banker Realty - Needham $1,275,000
Listed by Coldwell Banker Realty - Needham
Aug 9, 2021 Sold
Premium
Sold
May 27, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2010
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,182
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,611
  • Gross Building Area: 3,793
  • Building Area: 2,611
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,611
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:025.0 B:0024 L:0000.0
  • Block: 24
  • Municipality: NEEDHAM
  • Latitude: 42.2864
  • Longitude: -71.215

    Address

  • Full Address: 61 Savoy Rd
  • Address - House Number: 61
  • Address - Street Name: Savoy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4035
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,603,100

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,549,271
  • High Value: 1,811,372
  • Low Value: 1,287,169

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,229,400
  • Assessed Land Value: $589,200
  • Assessed Improvements Value: $640,200

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120548
  • Previous Sale Recording Date: Aug 09, 2021
  • Previous Sale Contract Date: Aug 09, 2021
  • Previous Sale Amount: $1,150,000
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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: 5 years ago
Data Source: MLS PIN, MLS# 72879605

Frequently Asked Questions

When was property at 61 Savoy Road built and last sold?
The property at 61 Savoy Road was built in 1955 and last sold on Sep 17, 2021 for $1,325,000.
How much is this home worth?
The estimated value of the home located at 61 Savoy Road is $0.
What are some comparable homes to 61 Savoy Road?
There are currently no comparable homes to 61 Savoy Road.
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