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Needham 02492
89 Gay St
$821,000
● House - Off Market

89 Gay St

Needham, MA 02492
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,716 Ft²
$1,119,406
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Experience all that Needham has to offer - excellent schools, vibrant town center with shops and restaurants, commuter train, easy access to major highways and close proximity to Boston. This rarely available 14,375 sq. ft. level lot is situated on a beautiful street in a wonderful neighborhood with several new construction and newer homes. A great opportunity for a builder looking for a new project or end user seeking land to build a dream home or renovate. Buyer or Buyer's agent to do own due diligence. Property being sold as is, private showings begin Friday 12/13. Please do not walk the lot unaccompanied.
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$463
Property Type
House
Property Taxes
$706
HOA Dues
-
Year Built
2021

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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: 5 months ago (MLSPIN #72600451)

Price History

Date / Event Date Event Price
Feb 26, 2021 Sold
Premium
Sold
Oct 22, 2020 Listed by Compass $2,230,000
Listed by Compass
Feb 14, 2020 Sold
Premium
Sold
Dec 13, 2019 Listed by Compass $795,000
Listed by Compass

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 10
  • Bedroom Count: 7
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 1,608
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 4,386
  • Gross Building Area: 3,324
  • Building Area: 4,386
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,386
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • 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:142.0 B:0044 L:0000.0
  • Block: 44
  • Municipality: NEEDHAM
  • Latitude: 42.2793
  • Longitude: -71.2502

    Address

  • Full Address: 89 Gay St
  • Address - House Number: 89
  • Address - Street Name: Gay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham
  • Carrier Code: C029
  • 4-Digit Zip Code: 1645
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,702,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,774,087
  • High Value: 3,203,735
  • Low Value: 2,344,439

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,072,700
  • Assessed Land Value: $512,000
  • Assessed Improvements Value: $1,560,700

    Sales

  • Current Sale Contract Date: Feb 12, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25501
  • Previous Sale Recording Date: Feb 14, 2020
  • Previous Sale Contract Date: Feb 10, 2020
  • Previous Sale Amount: $821,000
  • Previous Sale Document Type: 54
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

4240 ft²

Average Home Age

38.2 years

Currently For Sale

65 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72600451

Frequently Asked Questions

When was property at 89 Gay Street built and last sold?
The property at 89 Gay Street was built in 2021 and last sold on Feb 12, 2021 for $2,180,000.
How much is this home worth?
The estimated value of the home located at 89 Gay Street is $2,261,547.
What are some comparable homes to 89 Gay Street?
There are currently no comparable homes to 89 Gay Street.
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