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Newton 02468 Waban
653 Chestnut Street
$1,425,000
● House - Off Market

653 Chestnut Street

Newton, MA 02468
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,788 Ft²
$1,356,398
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

PRICE REDUCTION! Rare Opportunity to own Large TUDOR home in a desirable neighborhood in Newton. Minutes from Waban Village with all it has to offer. First floor has welcoming large living room, natural sun light windows, and fireplace. The kitchen is spacious & there is a formal dining room and dramatic stair case leading to the second floor with four large bedrooms, a full bath, substantial sun filled windows and a large closet for storage. Third floor has a sizable attic  room and bedroom. The basement is partially finished and there is a detached garage. Walking distance to train station, and public transportation. Convenient location, close to major roads and 128.
Unit Size
2,788 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$484
Property Type
House
Property Taxes
$1,036
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #73076080)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Mar 8, 2023 In contract -
In contract
Feb 3, 2023 Listed by Coldwell Banker Realty - Newton $1,350,000
Listed by Coldwell Banker Realty - Newton
Nov 30, 2000 Sold
Premium
Sold
Jul 11, 2000 Listed by Coldwell Banker Realty - Newton $674,000
Listed by Coldwell Banker Realty - Newton
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 23
  • Exterior Walls Type: 19
  • 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: 1,268
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,040
  • Total Building Area: 2,788
  • Gross Building Area: 5,486
  • Building Area: 2,788
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,788
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWTON WABAN
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374300

Zoning

  • Zoning: SR2

Geography

  • Account Number: 53025 0010
  • District: 207
  • Parcel: NEWT S:53 B:025 L:0010
  • Block: 25
  • Lot: 10
  • Municipality: NEWTON
  • Latitude: 42.3275
  • Longitude: -71.2264

    Address

  • Full Address: 653 Chestnut St
  • Address - House Number: 653
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Waban
  • Carrier Code: C049
  • 4-Digit Zip Code: 2035
  • Zip Code: 02468

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,365,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,696,740
  • High Value: 2,004,207
  • Low Value: 1,389,273

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,398,600
  • Assessed Land Value: $1,082,400
  • Assessed Improvements Value: $316,200

    Sales

  • Current Sale Contract Date: Apr 13, 2023
  • Current Sale Recording Date: May 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52068
  • Previous Sale Recording Date: Nov 30, 2000
  • Previous Sale Amount: $655,000
  • 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 Waban

Stats & Trends

Median Asking:

$2,335,000

Sale Price/ft²

$633

Below Asking

0.02%

Average Days on Market

72

Average Home Size

5132 ft²

Average Home Age

39.9 years

Currently For Sale

17 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73076080

Frequently Asked Questions

When was property at 653 Chestnut Street built and last sold?
The property at 653 Chestnut Street was built in 1900 and last sold on Apr 13, 2023 for $1,425,000.
How much is this home worth?
The estimated value of the home located at 653 Chestnut Street is $1,355,716.
What are some comparable homes to 653 Chestnut Street?
There are currently no comparable homes to 653 Chestnut Street.
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