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Newton 02467 Chestnut Hill
8 Lee Road
$1,500,000
● House - Off Market

8 Lee Road

Newton, MA 02467
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,215 Ft²
$2,983,256
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

Exquisite stucco home set back from desirable, quiet, Lee Rd in Chestnut Hill Historical District. Eleven room, five bed, three and one half bathrooms, steps  from Chestnut Hill Reservoir and conservation land.  A warm grand entrance welcomes you into an elegantly appointed formal dining room with molding and detail, sun filled open eat in kitchen/family room, butlers pantry/bar, office, spacious living room with fireplace and screened in porch overlooking patio and private backyard. Nice flow for entertaining.  Spacious bedrooms and good lay out on second floor including master suite, bath, dressing room and office/workout room.  Third floor bedroom and bath ideal for teenagers, nanny or guests. Garage with four car driveway. Convenient to medical area, downtown, MBTA and shops.
Unit Size
3,215 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$527
Property Type
House
Property Taxes
$1,351
HOA Dues
-
Year Built
1910

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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 #71903612)

Price History

Date / Event Date Event Price
Jan 15, 2016 Sold
Premium
Sold
Sep 14, 2015 Listed by Gibson Sotheby's International Realty $1,695,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,170
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,077
  • Total Building Area: 3,215
  • Gross Building Area: 6,386
  • Building Area: 3,215
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,215
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373600

Zoning

  • Zoning: SR1

Geography

  • Account Number: 63024 0005
  • District: 207
  • Parcel: NEWT S:63 B:024 L:0005
  • Block: 24
  • Lot: 5
  • Municipality: NEWTON
  • Latitude: 42.3312
  • Longitude: -71.1674

    Address

  • Full Address: 8 Lee Rd
  • Address - House Number: 8
  • Address - Street Name: Lee
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chestnut Hill
  • Carrier Code: C004
  • 4-Digit Zip Code: 1325
  • Zip Code: 02467

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,020,000

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 2,481,455
  • High Value: 2,924,627
  • Low Value: 2,038,283

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,069,700
  • Assessed Land Value: $1,433,400
  • Assessed Improvements Value: $636,300

    Sales

  • Current Sale Recording Date: Jan 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 8389

    Financing

  • First Mortgage Financing Type: ADJ
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 Chestnut Hill

Stats & Trends

Median Asking:

$2,330,000

Sale Price/ft²

$730

Below Asking

0.03%

Average Days on Market

77

Average Home Size

4349 ft²

Average Home Age

71.7 years

Currently For Sale

21 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

Unit for rent at 1600 Commonwealth Ave, Brighton, 02135

$2,750 /mo

  • 2 Beds
  • 1 Bath
1600 Commonwealth Ave, Brighton, 02135 Listing by Inbound Real Estate
Unit for rent at 0 Strathmore Rd, Brookline, 02445

$3,000 /mo

  • 2 Beds
  • 1 Bath
0 Strathmore Rd, Brookline, 02445 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71903612

Frequently Asked Questions

When was property at 8 Lee Road built and last sold?
The property at 8 Lee Road was built in 1910 and last sold on Jan 1, 1970 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 8 Lee Road is $1,698,639.
What are some comparable homes to 8 Lee Road?
There are currently no comparable homes to 8 Lee Road.
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