NOT LISTED FOR SALE

12 Highland Terrace Needham Heights, MA 02494

Estimated Value: $999,000 - $1,241,000

5 Beds
3 Baths
2,485 Sq Ft
$441/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $930,000 $374 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,733/month

36 Days on Market

Highlights

  • Property is near public transit
  • Enclosed Patio or Porch
  • Shops
  • Eliot Elementary School Rated A
  • Laundry Room
  • Tile Flooring

About This Home

As of April 2022

Third floor unit, with 1 good sized bedroom, 1 bathroom, living room and kitchen.

- No broker fee
- On the border of Newton and Needham
- Few minutes away from stores and restaurants
- Full kitchen
- Private, off street parking space
- Washer and dryer in the building
- Heat (gas) and electricity not included
- A pet may be negotiable

Last Agent to Sell the Property

Deborah Cerra

William Raveis R.E. & Home Services Listed on: 01/03/2022

William Raveis R.E. & Home Services

Last Buyer's Agent

Elena Kac, Ph.D

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,419

Year Built

  • Built in 1930

Lot Details

  • 3,049 Sq Ft Lot

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,485 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Eliot Elementary School
  • High Rock/Polla Middle School
  • Needham High School

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,200
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 141628

Community Details

Building Details

  • Electric Expense $610
  • Insurance Expense $2,274
  • Water Sewer Expense $1,181
  • Operating Expense $4,065
  • Net Operating Income $46,335

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,419

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1930
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 2.5
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Carpet,Varies Per Unit,Laminate,Wood Laminate, Unit 1(undefined)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Disposal,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Refrigerator), Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room
  • Basement: Full
  • Living Area: 2485
  • Stories Total: 3
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 377.87
  • PRICE PER Sq Ft: 374.25
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Storage
  • Foundation Details: Stone
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Water Sewer Expenses: 1181

Lot Info

  • Parcel Number: 141628
  • Zoning: GR
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 3022
  • PAGE: 388

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8419
  • Tax Book Number: 20395

Multi Family

  • Electric Expense: 610
  • Gross Income: 50400
  • Insurance Expense: 2274
  • Net Operating Income: 46335
  • Number Of Units Total: 2
  • Operating Expense: 4065
  • Total Actual Rent: 4200
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Needham High
  • Elementary School: Eliot
  • Middle Or Junior School: High Rock/Polla

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Apr 1, 2022
Sold by
Tempesta David E
Bought by
Motov Yevgeniy and Gorishna Ganna
Seller's Agent
Deborah Cerra
William Raveis R.E. & Home Services
Buyer's Agent
Elena Kac, Ph.D
William Raveis R.E. & Home Services
List Price
$1,039,000
Sold Price
$930,000
Premium/Discount to List
-$109,000
-10.49%
Current Estimated Value
$1,096,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,814
Avg. Annual Appreciation
5.82%
Original Mortgage
$697,500
Outstanding Balance
$662,135
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$467,684

Purchase Details

Closed on
Jan 5, 2004
Sold by
Gannon Maurice
Bought by
Tempesta David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,350
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2000
Sold by
Hearn William A
Bought by
Gannon Maurice
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Motov Yevgeniy $930,000 None Available
Tempesta David E $496,500 --
Tempesta David E $496,500 --
Gannon Maurice $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Motov Yevgeniy $697,500
Closed Motov Yevgeniy $697,500
Previous Owner Tempesta David $31,100
Previous Owner Tempesta David E $318,000
Previous Owner Hearn William A $349,600
Previous Owner Tempesta David E $378,000
Previous Owner Hearn William A $372,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 For Rent $1,850 0.0% --
10/08/2024 10/08/24 Off Market $1,850 -- --
04/01/2022 04/01/22 Sold $930,000 -10.5% $374 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $1,039,000 -- $418 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,630 $908,500 $486,600 $421,900
2024 $8,991 $718,100 $350,600 $367,500
2023 $8,990 $689,400 $350,600 $338,800
2022 $8,638 $646,100 $321,700 $324,400
2021 $8,419 $646,100 $321,700 $324,400
2020 $7,941 $635,800 $313,000 $322,800
2019 $7,467 $602,700 $284,600 $318,100
2018 $7,160 $602,700 $284,600 $318,100
2017 $6,658 $560,000 $284,600 $275,400
2016 $6,542 $566,900 $284,600 $282,300
2015 $6,400 $566,900 $284,600 $282,300
2014 $5,926 $509,100 $237,100 $272,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72930510

MLS Property Information Network (MLS PIN)

APN: NEED-000073-000023