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Needham 02492
69 Melrose Avenue
$1,385,000
● House - Off Market

69 Melrose Avenue

Needham, MA 02492
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,384 Ft²
$2,281,647
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Completely renovated and meticulously maintained Colonial in desirable Needham location. This house has it all. Step inside to the large foyer. Lovely living room and dining room. Family room with two walls of built ins, stone fireplace, french door lead to the back yard. Large kitchen with stainless steel appliances large island and eat in area with a fireplace and skylights. Mudroom with a special dog bath. 4 bedrooms and 4.5 baths. Lovely master bedroom with a spa bath and huge closet/dressing room.  Brazilian tiger floors, second floor laundry. Totally finished basement with a resistance pool, office, exercise room and sauna. Come and enjoy the warmth and sophistication and character of this fine home. Spacious rooms, details and excellent floor plan. Close to all schools and highways. Don't miss this one.
Unit Size
4,384 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$333
Property Type
House
Property Taxes
$1,482
HOA Dues
-
Year Built
1940

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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 #72229484)

Price History

Date / Event Date Event Price
Nov 30, 2017 Sold
Premium
Sold
Sep 15, 2017 Listed by Louise Condon Realty $1,459,000
Listed by Louise Condon Realty
Dec 17, 2004 Sold
Premium
Sold
Oct 20, 2004 Listed by Louise Condon Realty $719,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2005
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 2,366
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 4,368
  • Gross Building Area: 6,750
  • Building Area: 4,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,368
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000280
  • 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:054.0 B:0006 L:0000.0
  • Block: 6
  • Municipality: NEEDHAM
  • Latitude: 42.2846
  • Longitude: -71.2252

    Address

  • Full Address: 69 Melrose Ave
  • Address - House Number: 69
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C007
  • 4-Digit Zip Code: 3509
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,131,300

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,212,677
  • High Value: 2,587,012
  • Low Value: 1,838,342

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,634,400
  • Assessed Land Value: $593,000
  • Assessed Improvements Value: $1,041,400

    Sales

  • Current Sale Recording Date: Nov 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114403
  • Previous Sale Recording Date: Dec 17, 2004
  • Previous Sale Amount: $719,000
  • 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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 years

Currently For Sale

66 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# 72229484

Frequently Asked Questions

When was property at 69 Melrose Avenue built and last sold?
The property at 69 Melrose Avenue was built in 1940 and last sold on Jan 1, 1970 for $1,385,000.
How much is this home worth?
The estimated value of the home located at 69 Melrose Avenue is $1,523,150.
What are some comparable homes to 69 Melrose Avenue?
There are currently no comparable homes to 69 Melrose Avenue.
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