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Needham 02492
88 Standish Rd
$1,725,000
● House - Off Market

88 Standish Rd

Needham, MA 02492
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,488 Ft²
$1,555,198
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Quintessential, New England center hall colonial in Needham's coveted Olin Woods neighborhood! The first floor features a beautifully renovated kitchen with high end appliances, open dining, spacious formal living with oversized windows, updated powder room and sun drenched family room with valor gas fireplace that leads out to azek timberline deck. On the second floor you will find a front to back primary suite with a walk-in closet and tastefully updated full bath. Three generous sized bedrooms and a renovated full bath complete this floor. The lower level is partially finished with a home office and additional living space. This impeccably maintained home is located on a corner, level lot with a spacious backyard for entertaining, in the heart of the neighborhood. Not to be missed!
Unit Size
2,488 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$623
Property Type
House
Property Taxes
$1,056
HOA Dues
-
Year Built
1974

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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 #73093067)

Price History

Date / Event Date Event Price
Jun 27, 2023 Sold
Premium
Sold
Apr 2, 2023 In contract -
In contract
Mar 30, 2023 Listed by Gibson Sotheby's International Realty $1,550,000
Listed by Gibson Sotheby's International Realty
May 28, 2004 Sold
Premium
Sold
Jul 23, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 2000
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,064
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,128
  • Gross Building Area: 3,192
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: SRB

Geography

  • Parcel: NEED M:117.0 B:0040 L:0000.0
  • Block: 40
  • Municipality: NEEDHAM
  • Latitude: 42.2844
  • Longitude: -71.2638

    Address

  • Full Address: 88 Standish Rd
  • Address - House Number: 88
  • Address - Street Name: Standish
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C009
  • 4-Digit Zip Code: 1118
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,340,100

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,533,341
  • High Value: 1,796,722
  • Low Value: 1,269,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,027,700
  • Assessed Land Value: $578,400
  • Assessed Improvements Value: $449,300

    Sales

  • Current Sale Contract Date: Jun 27, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39709
  • Previous Sale Recording Date: May 28, 2004
  • Previous Sale Amount: $720,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$1,629,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4242 ft²

Average Home Age

40.1 years

Currently For Sale

68 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# 73093067

Frequently Asked Questions

When was property at 88 Standish Road built and last sold?
The property at 88 Standish Road was built in 1974 and last sold on Jun 27, 2023 for $1,725,000.
How much is this home worth?
The estimated value of the home located at 88 Standish Road is $1,570,954.
What are some comparable homes to 88 Standish Road?
There are currently no comparable homes to 88 Standish Road.
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