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Needham 02492
8 Pinehill Drive
$2,000,000
● House - Off Market

8 Pinehill Drive

Needham, MA 02492
bedrooms
4 Beds
bathrooms
5 Baths
square feet
5,126 Ft²
$2,131,454
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Immaculate cape style home with superior craftsmanship and architectural design throughout. The first floor features a custom home office with built-ins, formal living & dining rooms with large, picturesque windows. The expansive eat in kitchen leads into a 4 seasons sunroom with stunning views of the flat, private backyard. A spacious family room off the kitchen makes this home excellent for relaxed gatherings and entertaining. The master bedroom with newly renovated bathroom completes the first floor. Upstairs you will find 3 additional bedrooms and 2 full baths. The lower level is partially finished with a game room, exercise room, full bath & sauna. Minutes to Needham and Wellesley centers & South Natick. This location cannot be beat!
Unit Size
5,126 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$366
Property Type
House
Property Taxes
$1,540
HOA Dues
-
Year Built
1991

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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: 5 years ago (MLSPIN #72846565)

Price History

Date / Event Date Event Price
Aug 18, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by William Raveis R.E. & Home Services $1,875,000
Listed by William Raveis R.E. & Home Services
Apr 30, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2010
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 3,087
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 5,126
  • Gross Building Area: 8,136
  • Building Area: 5,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,126
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 403400

Zoning

  • Zoning: SRA

Geography

  • Parcel: NEED M:221.0 B:0026 L:0000.0
  • Block: 26
  • Municipality: NEEDHAM
  • Latitude: 42.2722
  • Longitude: -71.2856

    Address

  • Full Address: 8 Pinehill Dr
  • Address - House Number: 8
  • Address - Street Name: Pinehill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Needham
  • Carrier Code: C018
  • 4-Digit Zip Code: 1023
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,488,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,706,639
  • High Value: 3,164,541
  • Low Value: 2,248,737

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,908,700
  • Assessed Land Value: $832,900
  • Assessed Improvements Value: $1,075,800

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107676
  • Previous Sale Recording Date: Apr 30, 2003
  • Previous Sale Amount: $1,550,000
  • 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:

$1,625,000

Sale Price/ft²

$532

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4088 ft²

Average Home Age

37.5 years

Currently For Sale

70 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72846565

Frequently Asked Questions

When was property at 8 Pinehill Drive built and last sold?
The property at 8 Pinehill Drive was built in 1991 and last sold on Jul 22, 2021 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 8 Pinehill Drive is $1,949,857.
What are some comparable homes to 8 Pinehill Drive?
There are currently no comparable homes to 8 Pinehill Drive.
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