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Needham 02492
640 Chestnut St
$1,125,000
● House - Off Market

640 Chestnut St

Needham, MA 02492
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
5,400 Ft²
$2,496,296
RealtyHop Estimate
108.02%
Since Feb 1, 2013
MA-Boston
Primary Model

About This Property

Welcome home to this private, 1+ acre park-like setting w/in walking distance to town & train. Wonderful 5BR Colonial. Generous eat-in granite/stainless kitchen opens to fireplaced family room w/ wetbar. Lovely first floor study w/ built-in bookcases. Formal living & dining rooms. Rear stairs lead to wonderful guest suite. Bright, finished lower level includes a bath. Freshly painted w/ gleaming hardwood floors throughout. Level yard & oversized deck make it easy to enjoy the beautiful property
Unit Size
5,400 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$222
Property Type
House
Property Taxes
$1,199
HOA Dues
-
Year Built
1994

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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 #71378109)

Price History

Date / Event Date Event Price
Jan 23, 2013 Sold
Premium
Sold
May 4, 2012 Listed by Coldwell Banker Residential Brokerage - Needham $1,200,000
Listed by Coldwell Banker Residential Brokerage - Needham
Dec 22, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2000
  • Total Rooms: 10
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,676
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 3,814
  • Gross Building Area: 5,490
  • Building Area: 3,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • 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: 403300

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:204.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: NEEDHAM
  • Latitude: 42.2657
  • Longitude: -71.2369

    Address

  • Full Address: 640 Chestnut St
  • Address - House Number: 640
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C023
  • 4-Digit Zip Code: 2835
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,596,200

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,966,670
  • High Value: 2,299,386
  • Low Value: 1,633,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,224,100
  • Assessed Land Value: $579,300
  • Assessed Improvements Value: $644,800

    Sales

  • Current Sale Recording Date: Jan 23, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Dec 22, 1995
  • Previous Sale Amount: $640,000
  • Previous Sale Document Type: 43
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:

$1,627,000

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: 4 months ago
Data Source: MLS PIN, MLS# 71378109

Frequently Asked Questions

When was property at 640 Chestnut Street built and last sold?
The property at 640 Chestnut Street was built in 1994 and last sold on Jan 1, 1970 for $1,125,000.
How much is this home worth?
The estimated value of the home located at 640 Chestnut Street is $1,207,774.
What are some comparable homes to 640 Chestnut Street?
There are currently no comparable homes to 640 Chestnut Street.
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