NOT LISTED FOR SALE

5 Rae Ave Needham, MA 02492

Estimated Value: $2,393,417 - $2,570,000

5 Beds
3 Baths
4,359 Sq Ft
$571/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $1,831,000 $420 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $14,977/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Mitchell Elementary School Rated A
  • Porch

About This Home

As of June 2021

LOCATION! LOCATION! LOCATION! Built in 2005, this beautiful home has been impeccably maintained. There are 5 spacious bedrooms and 2.5 baths and full finished basement. Hard wood floors throughout, open floor plan as well as a first floor office and laundry room on the second floor. This bright and sunny home sits on a bit over 10,000 sq. ft. on a quiet corner lot in the desirable Mitchell School district. Walk to Perry park and the Hersey Train stop. Welcome to Needham!

Last Agent to Sell the Property

Adriano Varano

Keller Williams Realty Listed on: 03/30/2021

Keller Williams Realty

Co-Listed By

Tami Schein

Coldwell Banker Realty - Newton

Last Buyer's Agent

Gary Kaufman

Keller Williams Realty

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,888

Year Built

  • Built in 2005

Lot Details

  • Year Round Access
  • Property is zoned SRB

Parking

  • 2 Car Garage

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood Flooring

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Schools

  • Needham High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Oil Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:027.0 B:0081 L:0000.0

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,888

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Year Built Description: Actual
  • List Price Per Sq Ft: 366.83
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 2005
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Fireplaces: 1
  • Flooring: Wood
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • No Bedrooms: 5
  • Master Bedroom: On Level: Second Floor, Closet - Walk-in, Flooring - Hardwood
  • Bedroom 2: On Level: Second Floor, Closet, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Closet, Flooring - Hardwood
  • Bedroom 4: On Level: Second Floor, Closet, Flooring - Hardwood
  • Bedroom 5: On Level: Second Floor, Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Bathroom - Half, Flooring - Hardwood
  • Bathroom 2: On Level: Second Floor, Bathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile
  • Bathroom 3: On Level: Second Floor, Bathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Hot Tub / Spa
  • No Rooms: 10
  • Dining Room: On Level: First Floor, Flooring - Hardwood
  • Family Room: On Level: First Floor, Fireplace, Flooring - Hardwood
  • Kitchen: On Level: First Floor, Flooring - Wood, Open Floor Plan
  • Laundry: On Level: Second Floor
  • Living Room: On Level: First Floor, Flooring - Hardwood, Open Floor Plan
  • Basement: Y
  • Basement Features: Full, Finished, Bulkhead
  • Other Room 1: Name: Play Room, On Level: Basement, Flooring - Hardwood
  • Main Lo: BB3351
  • Main So: BB3351
  • Estimated Sq Ft: 4359.00

Exterior Features

  • Construction: Frame, Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Features: Porch, Deck
  • Foundation: Poured Concrete
  • Insulation Feature: Full

Garage/Parking

  • Parking Feature: Paved Driveway
  • Parking Spaces: 6
  • Garage Parking: Attached
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 200 Amps
  • Cooling: Central Air
  • Cooling Zones: 3
  • Heating: Central Heat, Forced Air, Oil
  • Heat Zones: 3
  • Hot Water: Oil
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Highway Access, House of Worship, Public School, T-Station

Schools

  • Elementary School: Mitchell
  • Middle School: Pollard
  • High School: Needham

Lot Info

  • Assessments: 1456800.00
  • Acre: 0.24
  • Lot Size: 10454.00
  • Page: 165
  • Parcel Number: M:027.0 B:0081 L:0000.0
  • Zoning: SRB
  • Lot Description: Corner, Paved Drive, Fenced/Enclosed, Level

Green Features

  • Energy Features: Storm Windows, Insulated Doors, Storm Doors

Tax Info

  • Taxes: 19899.21
  • Assessor Parcel Number: 138320
  • Tax Year: 2021

MLS Schools

  • Grade School: Mitchell
  • High School: Needham
  • Middle School: Pollard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Jun 7, 2021
Sold by
Person Gregory
Bought by
Person Gregory and Gricks Clair
Seller's Agent
Adriano Varano
Keller Williams Realty
Buyer's Agent
Gary Kaufman
Keller Williams Realty
List Price
$1,599,000
Sold Price
$1,831,000
Premium/Discount to List
$232,000
14.51%
Current Estimated Value
$2,490,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$659,604
Avg. Annual Appreciation
6.01%
Original Mortgage
$1,000,000
Outstanding Balance
$915,176
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,438,448

Purchase Details

Closed on
May 10, 2002
Sold by
Fradet Tr R Kelly and Fradet Irene W
Bought by
Steinkrauss Kurt R and Steinkrauss Julie C
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
Person Gregory -- None Available
Steinkrauss Kurt R $410,000 --
Steinkrauss Kurt R $410,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2021 06/07/21 Sold $1,831,000 +14.5% $420 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $1,599,000 -- $367 / 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 $21,888 $2,064,900 $801,400 $1,263,500
2024 $23,652 $1,889,100 $589,900 $1,299,200
2023 $23,138 $1,774,400 $589,900 $1,184,500
2022 $22,121 $1,654,500 $522,100 $1,132,400
2021 $19,535 $1,499,200 $522,100 $977,100
2020 $18,195 $1,456,800 $522,100 $934,700
2019 $17,332 $1,398,900 $474,700 $924,200
2018 $16,619 $1,398,900 $474,700 $924,200
2017 $15,186 $1,277,200 $474,700 $802,500
2016 $13,654 $1,183,200 $474,700 $708,500
2015 $13,358 $1,183,200 $474,700 $708,500
2014 $12,426 $1,067,500 $395,700 $671,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72805830

MLS Property Information Network (MLS PIN)

APN: NEED-000027-000081