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Needham 02494
9 Lakin
$671,500
● House - Off Market

9 Lakin

Needham, MA 02494
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$1,232,962
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

Wonderful opportunity to own this immaculately maintained 8 room, 3 bedroom, 2 bath home in a popular, terrific neighborhood setting . Great commuter location.  Perennial gardens line the front walkway. Hardwood floors throughout. Sunny kitchen with garden window.  Dining room with bay window. Large deck overlooking beautifully landscaped yard with storage shed. Newer windows, siding, gutters and roof.  Conveniently located within close proximity to John Eliot Elementary School, Needham Heights, Cricket Field, Wellesley's Longfellow Pond, walking trails, commuter rail, shops and restaurants.   Great commuter location: Minutes to Routes 9, 128/95, Mass Pike/I-90, one mile to commuter rail.  Easy to show!  Come view this fantastic house in an ideal location.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$397
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1958

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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 #71737162)

Price History

Date / Event Date Event Price
Oct 24, 2014 Sold
Premium
Sold
Sep 3, 2014 Listed by Key Advantage Realty, LLC $675,000
Listed by Key Advantage Realty, LLC
Feb 15, 2007 Sold
Premium
Sold
Jun 22, 2006 Listed by Key Advantage Realty, LLC $539,000
Listed by Key Advantage Realty, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,152
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,200
  • Gross Building Area: 2,352
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • 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: 403502

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:106.0 B:0025 L:0000.0
  • Block: 25
  • Municipality: NEEDHAM
  • Latitude: 42.3052
  • Longitude: -71.2461

    Address

  • Full Address: 9 Lakin St
  • Address - House Number: 9
  • Address - Street Name: Lakin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 1811
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $952,400

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,060,879
  • High Value: 1,240,719
  • Low Value: 881,039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $730,400
  • Assessed Land Value: $490,700
  • Assessed Improvements Value: $239,700

    Sales

  • Current Sale Recording Date: Oct 24, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93076
  • Previous Sale Recording Date: Feb 15, 2007
  • Previous Sale Amount: $510,000
  • 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 Needham

Stats & Trends

Median Asking:

$1,625,000

Sale Price/ft²

$533

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4309 ft²

Average Home Age

36.8 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71737162

Frequently Asked Questions

When was property at 9 Lakin Street built and last sold?
The property at 9 Lakin Street was built in 1958 and last sold on Jan 1, 1970 for $671,500.
How much is this home worth?
The estimated value of the home located at 9 Lakin Street is $700,241.
What are some comparable homes to 9 Lakin Street?
There are currently no comparable homes to 9 Lakin Street.
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