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Needham 02492
88 Old Farm Road
$1,550,000
● House - Off Market

88 Old Farm Road

Needham, MA 02492
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,962 Ft²
$2,520,275
RealtyHop Estimate
59.61%
Since May 1, 2017
MA-Boston
Primary Model

About This Property

2011 Custom build in a wonderful Broadmeadow School neighborhood. 5 second floor bedrooms, plus a third floor with additional bedroom and bath. Open and spacious floor plan with first floor office/den. Stroll to Hersey Train, walk to school, play a round at the Needham Golf Course. All the area has to offer, plus the fine craftsmanship which only comes from a Master Builder - finely detailed inlay formal finish with a mahogany banister. Natural Gas heat. Gas cooking. Quick access to Rt 128.
Unit Size
4,962 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$318
Property Type
House
Property Taxes
$1,343
HOA Dues
-
Year Built
2011

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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 #72125137)

Price History

Date / Event Date Event Price
Apr 28, 2017 Sold
Premium
Sold
Mar 1, 2017 Listed by Keller Williams Realty $1,579,000
Listed by Keller Williams Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,738
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 4,954
  • Gross Building Area: 6,700
  • Building Area: 4,954
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,954
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD FARM VILLAGE
  • Land Acres: 0000000230
  • 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:009.0 B:0052 L:0000.0
  • Block: 52
  • Municipality: NEEDHAM
  • Latitude: 42.2717
  • Longitude: -71.2117

    Address

  • Full Address: 88 Old Farm Rd
  • Address - House Number: 88
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C002
  • 4-Digit Zip Code: 4117
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,227,500

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,455,851
  • High Value: 2,871,325
  • Low Value: 2,040,377

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,708,200
  • Assessed Land Value: $580,900
  • Assessed Improvements Value: $1,127,300

    Sales

  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 36039

    Financing

  • First Mortgage Financing Type: UNK
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

3984 ft²

Average Home Age

38.7 years

Currently For Sale

69 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# 72125137

Frequently Asked Questions

When was property at 88 Old Farm Road built and last sold?
The property at 88 Old Farm Road was built in 2011 and last sold on Jan 1, 1970 for $1,550,000.
How much is this home worth?
The estimated value of the home located at 88 Old Farm Road is $1,594,020.
What are some comparable homes to 88 Old Farm Road?
There are currently no comparable homes to 88 Old Farm Road.
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