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Needham 02494
8 Jayne Road
$654,000
● House - Off Market

8 Jayne Road

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,752 Ft²
$965,284
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Amazing Updated Ranch.  Turn Key, Just Move In. Entire interior of the home has been freshly painted. Hardwood Floors, Corian Kitchen & Baths, Anderson Windows & Power Skylights, Newer Central A/C & GAS Heating Systems. Recessed lighting throughout, Nicely Finished Lower Level, Office and Bonus room / au-pair area?. Large level fenced in backyard. Deck for bbq's. Room for 4 cars in the driveway. Close to MBTA Train Station and Route 128.  Perfect house to downsize into. Plenty of space to add two car garage to house and or a second floor and transform the home into a colonial.  Best Value in Needham.
Unit Size
1,752 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$370
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1958

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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 #72401150)

Price History

Date / Event Date Event Price
Nov 7, 2018 Sold
Premium
Sold
Sep 26, 2018 Listed by Keller Williams Realty $649,000
Listed by Keller Williams Realty
Dec 15, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,008
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,008
  • Gross Building Area: 2,016
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 403501

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:066.0 B:0051 L:0000.0
  • Block: 51
  • Municipality: NEEDHAM
  • Latitude: 42.2971
  • Longitude: -71.2227

    Address

  • Full Address: 8 Jayne Rd
  • Address - House Number: 8
  • Address - Street Name: Jayne
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C047
  • 4-Digit Zip Code: 2113
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,057,500

    Appraisal Valuation

  • Standard Deviation: 0.2146
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 955,153
  • High Value: 1,160,157
  • Low Value: 750,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $811,000
  • Assessed Land Value: $552,000
  • Assessed Improvements Value: $259,000

    Sales

  • Current Sale Recording Date: Nov 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100019
  • Previous Sale Recording Date: Dec 15, 2009
  • Previous Sale Amount: $410,000
  • 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:

$1,627,000

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# 72401150

Frequently Asked Questions

When was property at 8 Jayne Road built and last sold?
The property at 8 Jayne Road was built in 1958 and last sold on Jan 1, 1970 for $654,000.
How much is this home worth?
The estimated value of the home located at 8 Jayne Road is $674,886.
What are some comparable homes to 8 Jayne Road?
There are currently no comparable homes to 8 Jayne Road.
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