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Dedham 02026 Downtown Dedham
87 Richards Street
$620,000
● House - Off Market

87 Richards Street

Dedham, MA 02026
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,812 Ft²
$1,037,167
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Classic and charming c.1900 Colonial on lovely, quiet side street in popular Precinct 1 location features 4 bedrooms plus office/nursery, updated kitchen, baths and electrical service. New roof and gutters, central air, mostly newer windows.  New hardwood floors on first floor and refinished hardwood floors on second level and newly rebuilt chimney and new liners for both flues. Deck overlooking pretty fenced back yard. Close to all village amenities and Legacy Place. Easy access to highways and commuter rail to Boston, Providence and NYC.
Unit Size
1,812 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$342
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1900

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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 #71997832)

Price History

Date / Event Date Event Price
Jun 27, 2016 Sold
Premium
Sold
May 2, 2016 Listed by Coldwell Banker Residential Brokerage - Dedham $620,000
Listed by Coldwell Banker Residential Brokerage - Dedham
May 14, 2008 Sold
Premium
Sold
Jan 3, 2008 Listed by Coldwell Banker Residential Brokerage - Dedham $479,000
Listed by Coldwell Banker Residential Brokerage - Dedham

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 788
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,938
  • Total Building Area: 1,812
  • Gross Building Area: 3,678
  • Building Area: 1,812
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,812
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dedham School District
  • School Tax School District: DEDHAM SD
  • Census Tract: 402500

Zoning

  • Zoning: B

Geography

  • Parcel: DEDH M:0107 L:0040
  • Lot: 40
  • Municipality: DEDHAM
  • Latitude: 42.2447
  • Longitude: -71.1793

    Address

  • Full Address: 87 Richards St
  • Address - House Number: 87
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dedham
  • Carrier Code: C023
  • 4-Digit Zip Code: 5845
  • Zip Code: 02026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $832,900

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 773,915
  • High Value: 893,778
  • Low Value: 654,052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $648,700
  • Assessed Land Value: $296,400
  • Assessed Improvements Value: $352,300

    Sales

  • Current Sale Recording Date: Jun 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60244
  • Previous Sale Recording Date: May 14, 2008
  • Previous Sale Amount: $460,000
  • 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 Downtown Dedham

Stats & Trends

Median Asking:

$799,450

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2414 ft²

Average Home Age

102 years

Currently For Sale

9 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# 71997832

Frequently Asked Questions

When was property at 87 Richards Street built and last sold?
The property at 87 Richards Street was built in 1900 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 87 Richards Street is $640,287.
What are some comparable homes to 87 Richards Street?
There are currently no comparable homes to 87 Richards Street.
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