$392,000
●
Condo -
Off Market
8 Denmark Lane #8
Needham, MA 02492
2 Beds
3 Baths,
1
Half Bath
1,450 Ft²
$993,493
RealtyHop Estimate
145.31%
Since Oct 1, 2001
MA-Boston
Primary Model
About This Property
WONDERFUL LIGHT BRIGHT & OPEN TOWNHOUSE BEAUTIFULLY FINISHED LOWER
LEVEL LARGE DECK TERRIFIC CENTRAL LOCATION NEAR ALL
Unit Size
1,450 Ft²
Days on Market
-
Land Size
-
Price per sqft
$279
Property Type
Condo
Property Taxes
$228
HOA Dues
$225
Year Built
1981
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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 #30508897)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2001 | Sold | ||
| Sold | |||
| May 26, 2001 | Listed by RE/MAX Home Team | $405,000 | |
| Listed by RE/MAX Home Team | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: First
Width: 18
Length: 15
Area: 270
Level: Second
Level: Second
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Width: 11
Length: 16
Area: 176
Length: 23
Level: First
Area: 414
Features: Flooring - Wall to Wall Carpet
Width: 18
Length: 17
Level: Basement
Features: Flooring - Wall to Wall Carpet
Width: 14
Area: 238
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 16
Width: 13
Area: 208
Level: Second
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Washer, Dryer, Electric Water Heater
Flooring Type: Carpet
Laundry Features: Second Floor
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Has Carport
Parking Features: Carport, Off Street
Garage Spaces: 1
Exterior Details
Year Built Source: Owner
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Denmark Lane
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES CONDO
Parcel Number: 144520
Water Source: Public, Individual Meter, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $224,400
Tax Annual Amount: $2,736
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump
Sewer : Public Sewer, Individual Meter
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $225
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility
Complex is Completed
Management: Professional - On Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/26/2001
|
2 Bed
|
3 Bath
|
1450 ft²
|
$405,000
2 Bed
3 Bath
1450 ft²
|
$392,000
-3.21%
09/10/2001
|
Jo Green
Berkshire Hathaway HomeServices Town and Country Real Estate
|
Building Info
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