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Needham 02494
61 Tower Ave
$680,000
● House - Off Market

61 Tower Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,740 Ft²
$1,080,766
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

1935 Brick Hip-Roof Colonial in desirable Mitchell Area, Quintessential walk to school location, walk to train and walk to town. This home has great bones, large front to back living room with over-sized fireplace, formal dining room, eat-in kitchen and inviting screened porch. Second floor has large front to back master bedroom with two closets, oversized family bathroom and two additional well-appointed bedrooms. Basement is partial finished with great playroom, and has additional storage and laundry area with one car garage. Open House Saturday 12-2pm.
Unit Size
1,740 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$373
Property Type
House
Property Taxes
$621
HOA Dues
-
Year Built
1935

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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: 4 months ago (MLSPIN #72030507)

Price History

Date / Event Date Event Price
Sep 22, 2016 Sold
Premium
Sold
Jun 28, 2016 Listed by Hawthorn Properties $649,000
Listed by Hawthorn Properties
Aug 31, 1973 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1998
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,081
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,740
  • Gross Building Area: 2,821
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 3

    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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:065.0 B:0017 L:0000.0
  • Block: 17
  • Municipality: NEEDHAM
  • Latitude: 42.2937
  • Longitude: -71.2265

    Address

  • Full Address: 61 Tower Ave
  • Address - House Number: 61
  • Address - Street Name: Tower
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1909
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,054,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,149,107
  • High Value: 1,343,903
  • Low Value: 954,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $809,000
  • Assessed Land Value: $550,400
  • Assessed Improvements Value: $258,600

    Sales

  • Current Sale Recording Date: Sep 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96996
  • Previous Sale Recording Date: Aug 31, 1973
  • Previous Sale Amount: $52,500
  • 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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4309 ft²

Average Home Age

36.8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72030507

Frequently Asked Questions

When was property at 61 Tower Avenue built and last sold?
The property at 61 Tower Avenue was built in 1935 and last sold on Jan 1, 1970 for $675,000.
How much is this home worth?
The estimated value of the home located at 61 Tower Avenue is $675,513.
What are some comparable homes to 61 Tower Avenue?
There are currently no comparable homes to 61 Tower Avenue.
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