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Needham 02492
83 Norwich Road
$561,500
● House - Off Market

83 Norwich Road

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,392 Ft²
$1,082,642
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Picture perfect Ranch located in a very desirable neighborhood. Great for down sizing or just starting out in Needham. Updated Kitchen,baths,roof and siding. Loaded with even more improvements throughout including a new paint job. Experience this open floor plan into a beautiful yet cozy familyroom overlooking a quiet back yard. Home also has a pellet stove to enjoy on those cold wintery nights. Nice new windows and hardwood floors throughout makes for a beautiful and inviting home. A must see!
Unit Size
1,392 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$409
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1950

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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 #71527978)

Price History

Date / Event Date Event Price
Jul 17, 2013 Sold
Premium
Sold
May 17, 2013 Listed by Louise Condon Realty $569,000
Listed by Louise Condon Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,272
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,392
  • Gross Building Area: 2,664
  • Building Area: 1,392
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,392
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENDALE ACRES
  • 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:002.0 B:0066 L:0000.0
  • Block: 66
  • Municipality: NEEDHAM
  • Latitude: 42.2727
  • Longitude: -71.2039

    Address

  • Full Address: 83 Norwich Rd
  • Address - House Number: 83
  • Address - Street Name: Norwich
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C013
  • 4-Digit Zip Code: 4730
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $817,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,068,224
  • High Value: 1,248,943
  • Low Value: 887,504

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $627,000
  • Assessed Land Value: $465,100
  • Assessed Improvements Value: $161,900

    Sales

  • Current Sale Recording Date: Jul 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85751
  • Previous Sale Recording Date: Jul 17, 2013
  • Previous Sale Amount: $561,500
  • Previous Sale Document Type: O
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71527978

Frequently Asked Questions

When was property at 83 Norwich Road built and last sold?
The property at 83 Norwich Road was built in 1950 and last sold on Jan 1, 1970 for $561,500.
How much is this home worth?
The estimated value of the home located at 83 Norwich Road is $586,129.
What are some comparable homes to 83 Norwich Road?
There are currently no comparable homes to 83 Norwich Road.
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