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Needham 02492
7 South Street
$742,500
● House - Off Market

7 South Street

Needham, MA 02492
bedrooms
2 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,487 Ft²
$1,364,563
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Location. This sprawling ranch is situated on one of Needham's most prestigious streets and in one of the most sought-after school districts.  Large level lot. Close proximity to highway and train. A commuter dream location. First floor master with bath. Great for downsizers. Finished basement family room with fireplace not included in square footage. Professional office with separate entrance which could be converted to another bedroom. Needs updating. House is being sold to settle an estate. Sold "as-is" and buyer to do their own due diligence.
Unit Size
2,487 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$341
Property Type
House
Property Taxes
$695
HOA Dues
-
Year Built
1951

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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 #72109946)

Price History

Date / Event Date Event Price
Mar 10, 2017 Sold
Premium
Sold
Jan 18, 2017 Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave. $849,000
Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,487
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 2,487
  • Gross Building Area: 4,974
  • Building Area: 2,487
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,487
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000440
  • 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: 403100

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:008.0 B:0001 L:0000.0
  • Block: 1
  • Municipality: NEEDHAM
  • Latitude: 42.2715
  • Longitude: -71.2079

    Address

  • Full Address: 7 South St
  • Address - House Number: 7
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C002
  • 4-Digit Zip Code: 2701
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,228,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,325,673
  • High Value: 1,559,496
  • Low Value: 1,091,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $942,000
  • Assessed Land Value: $596,100
  • Assessed Improvements Value: $345,900

    Sales

  • Current Sale Recording Date: Mar 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21419
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:

$1,629,000

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72109946

Frequently Asked Questions

When was property at 7 South Street built and last sold?
The property at 7 South Street was built in 1951 and last sold on Jan 1, 1970 for $742,500.
How much is this home worth?
The estimated value of the home located at 7 South Street is $863,211.
What are some comparable homes to 7 South Street?
There are currently no comparable homes to 7 South Street.
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