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Needham 02492
74 Richardson Drive
$887,500
● House - Off Market

74 Richardson Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,772 Ft²
$1,621,690
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

Immaculate multi level on lovely acre lot,  close to town and train.  Hardwood floors under carpeting. .  Newer, bright eat-in kitchen with corian counters. Large livingroom with fireplace.   Diningroom with chair rail and corner cabinet.   Master bedroom with bath.  3 other bedrooms with large closets.   Family room/office.  Large, clean,  lower level which can be finished. Air-conditioned..  Gas utilities. 2 car garage. Sprinkler system. .  Even a generator. .  Wonderful neighborhood.  Showings begin at open house Sunday, Feb. 2nd, 12:00-2:00pm.
Unit Size
1,772 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$496
Property Type
House
Property Taxes
$927
HOA Dues
-
Year Built
1963

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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 #71628230)

Price History

Date / Event Date Event Price
Mar 31, 2014 Sold
Premium
Sold
Jan 30, 2014 Listed by Louise Condon Realty $879,000
Listed by Louise Condon Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1999
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,664
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Total Building Area: 1,772
  • Gross Building Area: 3,436
  • Building Area: 1,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001070
  • 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: 403300

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:206.0 B:0032 L:0000.0
  • Block: 32
  • Municipality: NEEDHAM
  • Latitude: 42.2668
  • Longitude: -71.243

    Address

  • Full Address: 74 Richardson Dr
  • Address - House Number: 74
  • Address - Street Name: Richardson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C005
  • 4-Digit Zip Code: 2820
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,238,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,367,922
  • High Value: 1,599,343
  • Low Value: 1,136,501

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $950,000
  • Assessed Land Value: $710,500
  • Assessed Improvements Value: $239,500

    Sales

  • Current Sale Recording Date: Mar 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23117
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71628230

Frequently Asked Questions

When was property at 74 Richardson Drive built and last sold?
The property at 74 Richardson Drive was built in 1963 and last sold on Jan 1, 1970 for $887,500.
How much is this home worth?
The estimated value of the home located at 74 Richardson Drive is $893,804.
What are some comparable homes to 74 Richardson Drive?
There are currently no comparable homes to 74 Richardson Drive.
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