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Dedham 02026 Downtown Dedham
62 Richards St : Precinct 1
$530,000
● House - Off Market

62 Richards St : Precinct 1

Dedham, MA 02026
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,832 Ft²
$1,088,593
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Exceptional farmhouse colonial on lovely, landscaped .41 acre in desirable Prec.1 location. 1997 addition created spacious, modern kitchen, master bedroom, office and fabulous lower level family room. 2008 addition included grand mahogany deck adjacent to kitchen and bright three-season sunroom below. New stainless steel fridge, microwave and stove. New furnace and hot water heater,newer roof and 3 yr. old garage. Close to village/Legacy Place. Easy access to hywys and trains to Boston/Prov.
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$287
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1860

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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 #71354632)

Price History

Date / Event Date Event Price
May 4, 2018 Sold
Premium
Sold
May 23, 2012 Sold
Premium
Sold
Mar 21, 2012 Listed by Coldwell Banker Residential Brokerage - Dedham $525,000
Listed by Coldwell Banker Residential Brokerage - Dedham

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 546
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,800
  • Total Building Area: 1,619
  • Gross Building Area: 3,730
  • Building Area: 1,619
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,619
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000409
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dedham School District
  • School Tax School District: DEDHAM SD
  • Census Tract: 402500

Zoning

  • Zoning: B

Geography

  • Parcel: DEDH M:0107 L:0006
  • Lot: 6
  • Municipality: DEDHAM
  • Latitude: 42.2441
  • Longitude: -71.1799

    Address

  • Full Address: 62 Richards St
  • Address - House Number: 62
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dedham
  • Carrier Code: C023
  • 4-Digit Zip Code: 5830
  • Zip Code: 02026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $963,400

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 932,454
  • High Value: 1,132,311
  • Low Value: 732,597

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $750,300
  • Assessed Land Value: $328,800
  • Assessed Improvements Value: $421,500

    Sales

  • Current Sale Contract Date: Apr 25, 2018
  • Current Sale Recording Date: May 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1399933
  • Previous Sale Recording Date: May 23, 2012
  • Previous Sale Amount: $530,000
  • 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 Downtown Dedham

Stats & Trends

Median Asking:

$799,450

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2414 ft²

Average Home Age

102 years

Currently For Sale

9 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# 71354632

Frequently Asked Questions

When was property at 62 Richards Street built and last sold?
The property at 62 Richards Street was built in 1860 and last sold on Apr 25, 2018 for $723,350.
How much is this home worth?
The estimated value of the home located at 62 Richards Street is $531,084.
What are some comparable homes to 62 Richards Street?
There are currently no comparable homes to 62 Richards Street.
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