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Newton 02458 Newton Corner
89 Park Avenue
$1,289,000
● House - Off Market

89 Park Avenue

Newton, MA 02458
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,959 Ft²
$2,355,031
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Beautiful Brick Colonial in pristine condition with spacious corner, level lot including two-car garage.  Lovely living room with fireplace, lovely bay window dining room, family room, and gourmet, custom kitchen with adjacent enclosed screened porch.  On the second level there are three bedrooms and two full baths with private study.  A lovely third floor suite with two bedrooms and bath.  Near transportation, parks, shopping, schools, and highways.  A very special property in a wonderful neighborhood. First showings at the Brokers' Open House, Thursday, May 1 from 12:30 p.m. to 1:30 p.m. Public Open Houses on Saturday, May 3, and Sunday, May 4, from 2:30 p.m. to 3:30 p.m.
Unit Size
2,959 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$439
Property Type
House
Property Taxes
$953
HOA Dues
-
Year Built
1925

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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 #71671237)

Price History

Date / Event Date Event Price
Jul 1, 2014 Sold
Premium
Sold
Apr 29, 2014 Listed by Gibson Sotheby's International Realty $1,299,000
Listed by Gibson Sotheby's International Realty
Dec 22, 2003 Sold
Premium
Sold
Jul 23, 2003 Listed by Gibson Sotheby's International Realty $1,050,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 910
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,760
  • Total Building Area: 2,495
  • Gross Building Area: 4,192
  • Building Area: 2,495
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,495
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESTATE NEWTON
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373500

Zoning

  • Zoning: SR2

Geography

  • Account Number: 73006 0003
  • District: 207
  • Parcel: NEWT S:73 B:006 L:0003
  • Block: 6
  • Lot: 3
  • Municipality: NEWTON
  • Latitude: 42.3434
  • Longitude: -71.1857

    Address

  • Full Address: 89 Park Ave
  • Address - House Number: 89
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Newton
  • Carrier Code: C034
  • 4-Digit Zip Code: 2602
  • Zip Code: 02458

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,647,600

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,952,025
  • High Value: 2,300,224
  • Low Value: 1,603,826

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,688,100
  • Assessed Land Value: $1,380,600
  • Assessed Improvements Value: $307,500

    Sales

  • Current Sale Recording Date: Jul 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92575
  • Previous Sale Recording Date: Dec 22, 2003
  • Previous Sale Amount: $1,007,500
  • 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 Newton Corner

Stats & Trends

Median Asking:

$1,350,000

Sale Price/ft²

$543

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2690 ft²

Average Home Age

83.2 years

Currently For Sale

27 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$3,880 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71671237

Frequently Asked Questions

When was property at 89 Park Avenue built and last sold?
The property at 89 Park Avenue was built in 1925 and last sold on Jan 1, 1970 for $1,289,000.
How much is this home worth?
The estimated value of the home located at 89 Park Avenue is $1,312,330.
What are some comparable homes to 89 Park Avenue?
There are currently no comparable homes to 89 Park Avenue.
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