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Newton 02458 Newton Corner
693 Centre St
$900,000
● House - Off Market

693 Centre St

Newton, MA 02458
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,328 Ft²
$1,417,223
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

**ATTENTION ALL INVESTORS/CONTRACTORS**  Here is your chance to REVIVE this 5 bedroom 3.5 bath Tudor in the heart of Newton Corner!!!!  Consists of 3300+ finished space with additional 3rd floor and lower level expansion possibility...  Previously had a 2-car garage under could be brought back its original use...  10,000 sq ft level corner lot...  GAS on property...   Great commuter location to Newton Center green line and minutes to the Mass Pike and Express buses....
Unit Size
3,328 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$299
Property Type
House
Property Taxes
$943
HOA Dues
-
Year Built
1925

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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 #72568973)

Price History

Date / Event Date Event Price
Feb 26, 2021 Sold
Premium
Sold
Aug 13, 2020 Listed by RE/MAX Preferred Properties $1,699,000
Listed by RE/MAX Preferred Properties
Nov 5, 2019 Sold
Premium
Sold
Sep 23, 2019 Listed by RE/MAX Preferred Properties $995,000
Listed by RE/MAX Preferred Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 13
  • Exterior Walls Type: 2
  • 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: 1,290
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 3,377
  • Gross Building Area: 5,504
  • Building Area: 3,377
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,377
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 373500

Zoning

  • Zoning: SR2

Geography

  • Account Number: 13013 0001
  • District: 207
  • Parcel: NEWT S:13 B:013 L:0001
  • Block: 13
  • Lot: 1
  • Municipality: NEWTON
  • Latitude: 42.3479
  • Longitude: -71.1887

    Address

  • Full Address: 693 Centre St
  • Address - House Number: 693
  • Address - Street Name: Centre
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton
  • Carrier Code: C025
  • 4-Digit Zip Code: 2342
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,818,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 2,221,924
  • High Value: 2,618,266
  • Low Value: 1,825,581

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,863,500
  • Assessed Land Value: $948,400
  • Assessed Improvements Value: $915,100

    Sales

  • Current Sale Contract Date: Feb 24, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43497
  • Previous Sale Recording Date: Nov 05, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $900,000
  • 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 Newton Corner

Stats & Trends

Median Asking:

$1,350,000

Sale Price/ft²

$546

Below Asking

0.01%

Average Days on Market

65

Average Home Size

2749 ft²

Average Home Age

78.6 years

Currently For Sale

25 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$3,880 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72568973

Frequently Asked Questions

When was property at 693 Centre Street built and last sold?
The property at 693 Centre Street was built in 1925 and last sold on Feb 24, 2021 for $1,670,000.
How much is this home worth?
The estimated value of the home located at 693 Centre Street is $1,687,616.
What are some comparable homes to 693 Centre Street?
There are currently no comparable homes to 693 Centre Street.
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