$685,000
SOLD MAY 15, 2015

50 Prospect St Needham, MA 02492

3 Beds
2 Baths
1,440 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$476 Per Sq Ft

1% Above List Price

19 Days on Market

About This Home

As of August 2020

Beautiful Village Colonial home in family neighborhood, lovingly restored in 2000, has all the charm & modern convenience one could wish for. Walk to Needham Ctr's shops, restaurants & commuter rail. Set on 8712 s.f. lot w/ large fenced-in front yard & backyard bordering woods. Home features 1440 s.f. of living area plus finished bsmt, garage & natural gas. Warmth & brightness from the bank of windows in the living room, French doors leading to the adjoining sun room & beautiful marble fireplace. The dining room is complete w/ chair railing & French door leading to patio area. Kitchen renovated in 2000 & updated in 2005 w/ granite counters, contemporary lighting, light maple cabinets, china cabinets & gas cooking. 2nd floor has master bedroom w/ cathedral ceiling & large walk in closet & two add'l bedrooms. Renovated bathroom w/ maple vanity, granite counter, contemporary lighting. Access to attic for add'l storage. Special note: roof was replaced in November of 2014.

Last Agent to Sell the Property

Larry Fisch

Boston's Preferred Properties, Inc. Listed on: 03/23/2015

Last Buyer's Agent

Debeth Gooding

Compass

Compass

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jul 31, 2020
Sold by
Covitz Peter and Covitz Kuang-Ming
Bought by
Steinke Michael A and Farrell Shannon P
Seller's Agent
Jacqueline Sandler
Louise Condon Realty
Buyer's Agent
Maura Cutting
Berkshire Hathaway HomeServices Commonwealth Real Estate
List Price
$825,000
Sold Price
$880,000
Premium/Discount to List
$55,000
6.67%
Total Days on Market
19
Current Estimated Value
$1,128,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,678
Avg. Annual Appreciation
5.30%
Original Mortgage
$704,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 23, 2015
Closed on
May 15, 2015
Sold by
Silverstein Eric C
Bought by
Covitz Peter and Covitz Kuang-Ming
Seller's Agent
Larry Fisch
Boston's Preferred Properties, Inc.
Buyer's Agent
Debeth Gooding
Compass
List Price
$675,000
Sold Price
$685,000
Premium/Discount to List
$10,000
1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%
Original Mortgage
$415,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2008
Sold by
Liao Chien-Wel E and Feng Lillian
Bought by
Silverstein Eric C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Levine Gary
Bought by
Liao Chien-Wei E and Feng Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2000
Sold by
Chausovsky Galina
Bought by
Levine Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,650
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2000
Sold by
Mcdonnell Marguerite M
Bought by
Chausovsky Galina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,100
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $880,000 None Available
Not Resolvable $685,000 --
Deed $560,000 --
Deed $582,500 --
Deed $429,000 --
Deed $339,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,000 Credit Line Revolving
Open $1,112,600 Adjustable Rate Mortgage/ARM
Closed $696,000 Stand Alone Refi Refinance Of Original Loan
Closed $704,000 Purchase Money Mortgage
Previous Owner $415,000 New Conventional
Previous Owner $120,000 Credit Line Revolving
Previous Owner $125,000 Purchase Money Mortgage
Previous Owner $464,000 Purchase Money Mortgage
Previous Owner $72,500 No Value Available
Previous Owner $322,000 No Value Available
Previous Owner $60,000 No Value Available
Previous Owner $364,650 Purchase Money Mortgage
Previous Owner $305,100 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $880,000 +6.7% $518 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $825,000 +20.4% $485 / Sq Ft
05/15/2015 05/15/15 Sold $685,000 0.0% $476 / Sq Ft
04/11/2015 04/11/15 Pending -- -- --
03/31/2015 03/31/15 Off Market $685,000 -- --
03/23/2015 03/23/15 For Sale $675,000 -- $469 / 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 $16,707 $1,576,100 $707,100 $869,000
2024 $10,400 $830,700 $516,100 $314,600
2023 $10,526 $807,200 $516,100 $291,100
2022 $10,240 $765,900 $486,800 $279,100
2021 $9,425 $723,300 $486,800 $236,500
2020 $8,942 $715,900 $486,900 $229,000
2019 $8,258 $666,500 $442,700 $223,800
2018 $7,918 $666,500 $442,700 $223,800
2017 $7,623 $641,100 $442,700 $198,400
2016 $7,269 $629,900 $442,700 $187,200
2015 $7,112 $629,900 $442,700 $187,200
2014 -- $582,800 $402,400 $180,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71805272

MLS Property Information Network (MLS PIN)

APN: NEED-000131-000019