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Needham 02492
9 Melvern Road
$957,000
● House - Off Market

9 Melvern Road

Needham, MA 02492
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,497 Ft²
$911,683
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

This very special property is waiting for its next owners to create or renovate their dream home. This classic colonial is perfect for builders, contractors and anyone that is seeking to put their vision and creative ideas to work. Top notch location at the end of a dead end street. This property is conveniently located in close proximity to schools, transportation, train, shops, restaurants and highway. This property is being sold in "as is" condition.  Please do not walk the property without listing agent. Sellers and Listing Agent make no warranties or representations regarding this property and suggest buyers conduct their own due diligence.  Open House Saturday, February 18 and Sunday, February 19th from 1-2:30PM.
Unit Size
1,497 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$591
Property Type
House
Property Taxes
$739
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73079624)

Price History

Date / Event Date Event Price
Mar 29, 2023 Sold
Premium
Sold
Feb 21, 2023 In contract -
In contract
Feb 16, 2023 Listed by William Raveis R.E. & Home Services $885,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1999
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 675
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 1,497
  • Gross Building Area: 2,172
  • Building Area: 1,497
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,497
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000540
  • 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: 403300

Zoning

  • Zoning: SRB

Geography

  • Parcel: NEED M:036.0 B:0014 L:0000.0
  • Block: 14
  • Municipality: NEEDHAM
  • Latitude: 42.2728
  • Longitude: -71.2292

    Address

  • Full Address: 9 Melvern Rd
  • Address - House Number: 9
  • Address - Street Name: Melvern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Needham
  • Carrier Code: C004
  • 4-Digit Zip Code: 3208
  • Zip Code: 02492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $925,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,028,849
  • High Value: 1,205,574
  • Low Value: 852,124

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $709,600
  • Assessed Land Value: $543,900
  • Assessed Improvements Value: $165,700

    Sales

  • Current Sale Contract Date: Mar 29, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1518973

    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

4296 ft²

Average Home Age

38.6 years

Currently For Sale

66 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# 73079624

Frequently Asked Questions

When was property at 9 Melvern Road built and last sold?
The property at 9 Melvern Road was built in 1957 and last sold on Mar 29, 2023 for $957,000.
How much is this home worth?
The estimated value of the home located at 9 Melvern Road is $899,754.
What are some comparable homes to 9 Melvern Road?
There are currently no comparable homes to 9 Melvern Road.
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