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Needham 02494
73 Lexington Avenue
$468,000
● House - Off Market

73 Lexington Avenue

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,645 Ft²
$1,384,129
RealtyHop Estimate
195.12%
Since Jun 1, 2000
MA-Boston
Primary Model

About This Property

GRACIOUS BRIGHT & AIRY COLONIAL W/CHARM & DETAIL THROUGHOUT. UPDATED KITCHEN W/CORNER CHINA CABINET & RECESSED LIGHTING. VAULTED CEILING & RECESSED LIGHTING IN FAMILY ROOM. C/A, HIGH CEILINGS, LG WINDOWS & BUILT-INS. WALK TO TRAIN/SHOPS.
Unit Size
1,645 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$285
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1939

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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 years ago (MLSPIN #30395654)

Price History

Date / Event Date Event Price
May 1, 2007 Sold
Premium
Sold
Feb 24, 2007 Listed by Louise Condon Realty $599,900
Listed by Louise Condon Realty
May 25, 2000 Sold
Premium
Sold
Mar 24, 2000 Listed by Louise Condon Realty $469,000
Listed by Louise Condon Realty

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 2015
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,308
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,283
  • Gross Building Area: 3,591
  • Building Area: 2,283
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,283
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARLETA PARK
  • Land Acres: 0000000180
  • 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:061.0 B:0080 L:0000.0
  • Block: 80
  • Municipality: NEEDHAM
  • Latitude: 42.2921
  • Longitude: -71.2282

    Address

  • Full Address: 73 Lexington Ave
  • Address - House Number: 73
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1507
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,678,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,699,319
  • High Value: 1,962,508
  • Low Value: 1,436,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,287,200
  • Assessed Land Value: $564,300
  • Assessed Improvements Value: $722,900

    Sales

  • Current Sale Recording Date: May 01, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 25, 2000
  • Previous Sale Amount: $468,000
  • 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

0.02%

Average Days on Market

63

Average Home Size

4148 ft²

Average Home Age

41.3 years

Currently For Sale

64 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 years ago
Data Source: MLS PIN, MLS# 30395654

Frequently Asked Questions

When was property at 73 Lexington Avenue built and last sold?
The property at 73 Lexington Avenue was built in 1939 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 73 Lexington Avenue is $614,668.
What are some comparable homes to 73 Lexington Avenue?
There are currently no comparable homes to 73 Lexington Avenue.
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