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Needham 02494
62 Cynthia Road
$1,110,000
● House - Off Market

62 Cynthia Road

Needham, MA 02494
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
4,400 Ft²
$1,775,422
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

A must see in very popular neighborhood. Expansive open concept eat in kitchen with marble island and large pantry. Magnificent ensuite master bedroom, three other generous sized bedrooms, laundry room with sink. Full finished walk-out basement with half bath. Two car garage, underground sprinklers, large deck and security system.  Commuters dream all within close proximity to commuter rail, all major routes, and brand new Williams School. Walking distance to Volante Farm, Starbucks and Trader Joe's. PHOTOS DO NOT DO IT JUSTICE! Easy to show.
Unit Size
4,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$295
Property Type
House
Property Taxes
$1,010
HOA Dues
-
Year Built
1993

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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 #72633717)

Price History

Date / Event Date Event Price
Jun 1, 2020 Sold
Premium
Sold
Mar 14, 2020 Listed by Lori Markell $1,299,000
Listed by Lori Markell
Mar 4, 1994 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2000
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 1,501
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 3,487
  • Gross Building Area: 4,967
  • Building Area: 3,487
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,487
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • 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: 403502

Zoning

  • Zoning: B

Geography

  • Parcel: NEED M:104.0 B:0043 L:0000.0
  • Block: 43
  • Municipality: NEEDHAM
  • Latitude: 42.2984
  • Longitude: -71.2451

    Address

  • Full Address: 62 Cynthia Rd
  • Address - House Number: 62
  • Address - Street Name: Cynthia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C051
  • 4-Digit Zip Code: 1462
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,452,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,573,715
  • High Value: 1,812,839
  • Low Value: 1,334,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,113,900
  • Assessed Land Value: $491,500
  • Assessed Improvements Value: $622,400

    Sales

  • Current Sale Contract Date: May 20, 2020
  • Current Sale Recording Date: Jun 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50496
  • Previous Sale Recording Date: Mar 04, 1994
  • Previous Sale Amount: $403,000
  • 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

0.01%

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72633717

Frequently Asked Questions

When was property at 62 Cynthia Road built and last sold?
The property at 62 Cynthia Road was built in 1993 and last sold on May 20, 2020 for $1,110,000.
How much is this home worth?
The estimated value of the home located at 62 Cynthia Road is $1,352,441.
What are some comparable homes to 62 Cynthia Road?
There are currently no comparable homes to 62 Cynthia Road.
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