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Needham 02494
88 Lexington Ave
Photo of 88 Lexington Ave
Sold on Oct 31, 2006

1

Map

$585,000
● House - Off Market

88 Lexington Ave

Needham, MA 02494
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,759 Ft²
$1,112,799
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model

About This Property

Location,location location! Tower Hill 3 br Cape/Colonial! Front to back livingroom with fireplace, formal diningroom and eat in kitchen.  Huge familyroom just steps up from the livingroom.  Enclosed porch. Walk out basement leads to large level back yard.  2 car garage. Newer furnace.  House needs updating and cosmetics. Walk to Mitchell school, commuter rail and Starbucks!
Unit Size
1,759 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$341
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #70462799)

Price History

Date / Event Date Event Price
Oct 31, 2006 Sold
Premium
Sold
Sep 22, 2006 Listed $599,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1997
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,588
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 2,164
  • Gross Building Area: 3,752
  • Building Area: 2,164
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,164
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:064.0 B:0004 L:0000.0
  • Block: 4
  • Municipality: NEEDHAM
  • Latitude: 42.2927
  • Longitude: -71.2279

    Address

  • Full Address: 88 Lexington Ave
  • Address - House Number: 88
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C054
  • 4-Digit Zip Code: 1508
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,228,900

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,289,108
  • High Value: 1,507,638
  • Low Value: 1,070,579

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $942,400
  • Assessed Land Value: $583,000
  • Assessed Improvements Value: $359,400

    Sales

  • Current Sale Recording Date: Oct 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 110150
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:

$1,612,500

Sale Price/ft²

$532

Below Asking

0.02%

Average Days on Market

64

Average Home Size

4124 ft²

Average Home Age

40.4 years

Currently For Sale

64 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: 6 months ago
Data Source: MLS PIN, MLS# 70462799

Frequently Asked Questions

When was property at 88 Lexington Avenue built and last sold?
The property at 88 Lexington Avenue was built in 1940 and last sold on Jan 1, 1970 for $585,000.
How much is this home worth?
The estimated value of the home located at 88 Lexington Avenue is $621,752.
What are some comparable homes to 88 Lexington Avenue?
There are currently no comparable homes to 88 Lexington Avenue.
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