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Needham 02492
8 Fairfax Rd
$925,000
● House - Off Market

8 Fairfax Rd

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,483 Ft²
$1,375,790
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Exceptional location, unsurpassed quality and open floor plan highlight this wonderful Ranch beautifully sited on corner lot in one of Needham's most sought after locations. Spectacular one floor living offers large, well appointed rooms, updated kitchen with granite, gracious living room with fireplace and 3 bedrooms including master bedroom with private bath. Excellent possibilities to add space including large unfinished lower level.  Relax on the magnificent screened porch overlooking the serene and meticulously landscaped private lot as you appreciate the changing seasons.  You're search is over - welcome home.
Unit Size
1,483 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$624
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72409289)

Price History

Date / Event Date Event Price
Nov 29, 2018 Sold
Premium
Sold
Oct 11, 2018 Listed by William Raveis R.E. & Home Services $925,000
Listed by William Raveis R.E. & Home Services
Feb 28, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,219
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,483
  • Gross Building Area: 2,702
  • Building Area: 1,483
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,483
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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:027.0 B:0067 L:0000.0
  • Block: 67
  • Municipality: NEEDHAM
  • Latitude: 42.2873
  • Longitude: -71.2174

    Address

  • Full Address: 8 Fairfax Rd
  • Address - House Number: 8
  • Address - Street Name: Fairfax
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C019
  • 4-Digit Zip Code: 4021
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,107,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,176,880
  • High Value: 1,359,154
  • Low Value: 994,606

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $849,400
  • Assessed Land Value: $590,900
  • Assessed Improvements Value: $258,500

    Sales

  • Current Sale Recording Date: Nov 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1412943
  • Previous Sale Recording Date: Feb 28, 2007
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: 48
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

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4296 ft²

Average Home Age

38.6 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# 72409289

Frequently Asked Questions

When was property at 8 Fairfax Road built and last sold?
The property at 8 Fairfax Road was built in 1950 and last sold on Jan 1, 1970 for $925,500.
How much is this home worth?
The estimated value of the home located at 8 Fairfax Road is $932,672.
What are some comparable homes to 8 Fairfax Road?
There are currently no comparable homes to 8 Fairfax Road.
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