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Needham 02494
9 Mellen St
$805,000
● House - Off Market

9 Mellen St

Needham, MA 02494
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,212 Ft²
$1,629,266
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Fantastic renovation in Needham Heights!  Updates everywhere throughout home:  custom kitchen featuring stainless steel/granite/mahogany cabinetry (2009), finished family room in lower level (2010) and large two-car detached garage added (2007).  Spacious master suite features attached master bath and custom finished walk in closet.  Well manicured lot features deck and patio for entertaining as well as space to run!  Walk to Commuter Rail and in-town amenities.
Unit Size
2,212 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$362
Property Type
House
Property Taxes
$641
HOA Dues
-
Year Built
1954

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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 #71372834)

Price History

Date / Event Date Event Price
Jan 4, 2021 Sold
Premium
Sold
Nov 19, 2020 Listed by Charney Real Estate $1,050,000
Listed by Charney Real Estate
Jun 28, 2012 Sold
Premium
Sold
Apr 25, 2012 Listed by Charney Real Estate $799,900
Listed by Charney Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,072
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,872
  • Gross Building Area: 2,944
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEEDHAM
  • Land Acres: 0000000270
  • 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: 457200

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:063.0 B:0027 L:0000.0
  • Block: 27
  • Municipality: NEEDHAM
  • Latitude: 42.2923
  • Longitude: -71.2323

    Address

  • Full Address: 9 Mellen St
  • Address - House Number: 9
  • Address - Street Name: Mellen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Needham Heights
  • Carrier Code: C045
  • 4-Digit Zip Code: 1201
  • Zip Code: 02494

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,350,000

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,471,320
  • High Value: 1,720,739
  • Low Value: 1,221,902

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,035,300
  • Assessed Land Value: $554,500
  • Assessed Improvements Value: $480,800

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 619
  • Previous Sale Recording Date: Jun 28, 2012
  • Previous Sale Amount: $805,000
  • Previous Sale Document Type: O
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:

$1,627,000

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71372834

Frequently Asked Questions

When was property at 9 Mellen Street built and last sold?
The property at 9 Mellen Street was built in 1954 and last sold on Dec 29, 2020 for $1,060,000.
How much is this home worth?
The estimated value of the home located at 9 Mellen Street is $1,068,255.
What are some comparable homes to 9 Mellen Street?
There are currently no comparable homes to 9 Mellen Street.
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