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Newton 02462 Newton Lower Falls
73 Cornell St
$1,700,000
● House - Off Market

73 Cornell St

Newton, MA 02462
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,853 Ft²
$2,663,598
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Beautifully crafted 2004 construction. Walk into a 2 story foyer, living room with double crown moldings, dining room, first floor guest bedroom with full bathroom, office plus huge kitchen, island with granite and Wolf stove, adjacent family room with sliders to a brick patio/pergola and outside hot tub. Second floor has 4 bedrooms, 3 bathrooms and laundry room. Master bedroom is very large with a balcony and his and her walk in closets. Two wood burning fireplaces and 2 gas fireplaces. Lower level media room, playroom and exercise room. 3 car garage with walk up unfinished loft. Large mudroom. Behind garage could be studio or workroom. Half acre lot.  Easy access to RTE 95 and I90, walk to riverside "T"station. Wellesley for shopping or restaurants. Angier school.
Unit Size
4,853 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$371
Property Type
House
Property Taxes
$1,493
HOA Dues
-
Year Built
1954

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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 #72318724)

Price History

Date / Event Date Event Price
Jul 6, 2018 Sold
Premium
Sold
May 2, 2018 Listed by Coldwell Banker Residential Brokerage - Newton - Centre St. $1,799,000
Listed by Coldwell Banker Residential Brokerage - Newton - Centre St.
Jun 30, 2006 Sold
Premium
Sold
Mar 22, 2006 Listed by Coldwell Banker Residential Brokerage - Newton - Centre St. $1,395,000
Listed by Coldwell Banker Residential Brokerage - Newton - Centre St.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 2,242
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,080
  • Total Building Area: 4,853
  • Gross Building Area: 9,050
  • Building Area: 4,853
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,853
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000507
  • 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: 374800

Zoning

  • Zoning: SR3

Geography

  • Account Number: 42029 0028
  • District: 207
  • Parcel: NEWT S:42 B:029 L:0028
  • Block: 29
  • Lot: 28
  • Municipality: NEWTON
  • Latitude: 42.3295
  • Longitude: -71.2599

    Address

  • Full Address: 73 Cornell St
  • Address - House Number: 73
  • Address - Street Name: Cornell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Newton Lower Falls
  • Carrier Code: C061
  • 4-Digit Zip Code: 1320
  • Zip Code: 02462

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,143,000

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 2,486,790
  • High Value: 2,875,887
  • Low Value: 2,097,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,195,700
  • Assessed Land Value: $941,800
  • Assessed Improvements Value: $1,253,900

    Sales

  • Current Sale Recording Date: Jul 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100110
  • Previous Sale Recording Date: Jun 30, 2006
  • Previous Sale Amount: $1,345,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Lower Falls

Stats & Trends

Median Asking:

$2,060,000

Sale Price/ft²

$640

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2564 ft²

Average Home Age

117.7 years

Currently For Sale

3 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# 72318724

Frequently Asked Questions

When was property at 73 Cornell Street built and last sold?
The property at 73 Cornell Street was built in 1954 and last sold on Jan 1, 1970 for $1,700,000.
How much is this home worth?
The estimated value of the home located at 73 Cornell Street is $1,802,971.
What are some comparable homes to 73 Cornell Street?
There are currently no comparable homes to 73 Cornell Street.
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