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Needham 02492
72 Mayo Ave
$802,000
● House - Off Market

72 Mayo Ave

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,488 Ft²
$1,173,210
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Welcome to Needham in this walk-to-town, Ladder Street location.  The first floor of this charming, Dutch Colonial has a front to back, fireplaced living room with great natural light, an eat in kitchen with a half bath and a dining room with wainscot paneling.  Covered rear entry can easily be converted to a mudroom.  The second floor has a spacious master bedroom, two additional generous bedrooms and a full bath.  Home also features hardwood floors, a full basement, detached one car garage and a private, level, fenced yard with a patio. A terrific location, a quiet street and a great opportunity to purchase a home in the Broadmeadow School district to be enjoyed for years to come.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$503
Property Type
House
Property Taxes
$648
HOA Dues
-
Year Built
1924

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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 #72134561)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Mar 22, 2017 Listed by Hawthorn Properties $749,000
Listed by Hawthorn Properties
Jun 22, 1979 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 744
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,488
  • Gross Building Area: 2,232
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000190
  • 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:034.0 B:0003 L:0000.0
  • Block: 3
  • Municipality: NEEDHAM
  • Latitude: 42.2779
  • Longitude: -71.227

    Address

  • Full Address: 72 Mayo Ave
  • Address - House Number: 72
  • Address - Street Name: Mayo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham
  • Carrier Code: C011
  • 4-Digit Zip Code: 3324
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,146,500

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,173,721
  • High Value: 1,375,165
  • Low Value: 972,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $879,200
  • Assessed Land Value: $629,600
  • Assessed Improvements Value: $249,600

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59482
  • Previous Sale Recording Date: Jun 22, 1979
  • Previous Sale Amount: $81,000
  • 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

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4189 ft²

Average Home Age

38.3 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# 72134561

Frequently Asked Questions

When was property at 72 Mayo Avenue built and last sold?
The property at 72 Mayo Avenue was built in 1924 and last sold on Jan 1, 1970 for $802,000.
How much is this home worth?
The estimated value of the home located at 72 Mayo Avenue is $766,069.
What are some comparable homes to 72 Mayo Avenue?
There are currently no comparable homes to 72 Mayo Avenue.
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