Needham, MA

Needham MA Office Park Eventually Will Bring Millions in Tax Revenue

Towns look to commercial office parks for tax relief. Needham is one of those towns. A Boston Globe article excerpt below describes how the 2.5 million square feet in new office could bring millions in tax revenue. The good news about Needham is the lower tax rate we have in comparison to other towns.

Needham's commercial office park will once again bring home tax relief without the overhead.

Needham "Town Meeting voters approved changes in the zoning rules to encourage development in the property, off the highway’s Exit 19A. The changes will allow for taller buildings and as much as 2.5 million square feet in new office space, growth that could eventually bring in millions in tax revenue for Needham each year, Bailin notes."

"Meanwhile, the value of residential property in Needham has soared, with the town featuring some of the area’s highest home prices. The median home price stood at $649,400 as of last month, up nearly $20,000 over the end of 2010, according to the Warren Group, a Boston-based real estate data firm and publisher." Boston Globe January 22, 2012

For full article.

http://www.boston.com/news/local/articles/2012/01/22/communities_are_focusing_on_commercial_properties_along_rte_128_to_lure_developers_to_office_parks_and_reap_the_tax_revenue/

Two articles on this subject in Needham Times

http://www.wickedlocal.com/needham/news/x617626338/Needham-would-capitalize-on-business-park-potential#axzz1kC1HZlLr

http://www.wickedlocal.com/needham/news/business/x1696632778/Needham-Town-Meeting-changes-New-England-Business-Center-zoning#axzz1kC1HZlLr

NEEDHAM, MA OPEN HOUSES SUNDAY JANUARY 22

Sunday once again in Needham there is a great selection of homes that have Open Houses. The prices range from $449,000 to $2,225,000.

There are just 100 homes on the market with an average list price of $1,336,012, which includes the highest property of $18,000,000. There are also included in this list some new condos/townhouses.

Weather should be nicer than today so that will make the drive a whole lot better.

SINGLE FAMILY HOMES

MLS # Address Description DOM Date/Time List Price

71316512 48 Taylor St 10RM, 3BR,3.5BA Ranch 49 1/22 11AM to 2 PM $729,000

71324315 88 Old Farm Rd 12RM, 6BR, 4.5BA Col. 126 1/22 11 AM to 1 PM $1,479,000

71216331 314 Cedar St 10RM, 5BR, 3f 2h BA Col 282 1/22 11:30 AM to 12:30 PM $1,150,000

71221790 80 N Hill AVE 10RM, 4BR, 3f 1h BA Col 395 1/22 12 PM to 2 PM $1,149,000

71246776 375 Hillcrest Rd 11RM,4BR,4.5BA Col 226 1/22 12 PM to 2 PM $1,379,000

71246903 74 Charles Riv St 10RM, 5BR, 3.5BA Col 207 1/22 12 PM to 1:30 PM $1,189,000

71274339 59 Norfolk St 7RM, 4BR, 2BACol 162 1/22 12 PM to 2 PM $469,000

71276954 126 Jarvis 9 RM, 5 BR, 3.5BA Col 156 1/22 12 PM to 2 PM$1,200,000

71302978 535 Great Plain 11RM,4R,2f,2h BA Cape 93 1/22 12 PM to 1 PM $749,000

71311210 91 Mary Chilton Rd 9RM, 4BR, 3f BA RR 68 1/22 12 PM to 1:30 PM $632,500

71326252 1022 Webster ST 7RM, 3BR, 1BA Col 10 1/22 12 PM to 1:30 PM $489,000

71327929 82 Curve 7RM,3BR,1.5BA Col 5 1/22 12 PM to 1:30 PM $579,900

71302528 84 Beard Way 11RM, 6BR,6f,2hBA,Col 278 1/22 12:30 PM to 2 PM $2,225,000

71326424 39 Thurston Ln 12RM, 5BR, 5.5 BA Col 118 1/22 12:30 PM to 2PM $1,473,000

71326500 20 Glover Rd 8RM, 3BR, 1f 2h BA Split 9 1/22 12:30 PM to 2 PM $579,000

71312024 832 Webster St 7RM, 3BR, 2f 1h BA Col 66 1/22 12:30 PM to 2PM $749,000

71314294 81 Avon Circle 10RM, 5BR, 4.5BA Col 252 1/22 12:30 PM to 2 PM $1,149,000

71281890 31 Fairview Rd 9RM, 4BR, 1.5BA Col 241 1/22 12:30 PM to 2PM $580,000

71289773 Lot 25 Lake Dr 8RM, 4BR, 2.5 BA Col 124 1/22 12:30 PM to 2PM $1,249,000

71294409 286 Hunting Rd 7RM, 3BR, 1.5BA Col 113 1/22 12:30 PM to 2PM $499,000

71309485 309 Central Ave 10RM,4BR, 2.5BA Col 228 1/22 1 PM to 2:30 PM $899,000

71309759 595 Webster St 5RM, 2BR, 2BA Cape 73 1/22 1 PM to 2:30 PM $449,000

71317828 175 Richardson Dr 10RM, 4BR, 2f 1hBA Col 44 1/22 1 PM to 2:30 PM $929,000

71317829 10 Longacre 12RM, 5BR, 3f 1h BA Col 171 1/22 1 PM to 2:30 PM $1,449,900

71322470 Lot 28 JARVIS CIR U:60 9RM,4BR,2.5BA Col 20 1/22 1PM to 3 PM $779,000

71322471 Lot30 JARVIS CIR U:74 8RM, 4BR,2.5BA Col 21 1/22 1 PM to 3 PM $729,000

71295284 289 Hillcrest RD 7RM, 3BR, 2f 1h BA Co 110 1/22 2 PM to 3 PM $699,900

Home of the week - Mary Lou Roadman is the list agent from Coldwell Banker Residential Brokerage

(617) 710-6850

So the weather has felt like spring was coming until now but the artic air is coming in. In spite of the cold we have 34 open houses starting at 11:00 with the last one starting at 2:30 on January 15 and there is a great selection of homes to choose from.

The football game will be behind us and the winner team decide. Choose the home that is a winner for you and your family. With historical interest rates and homes more affordable than ever what better time could there be.

Those homes that are not on open house tour would be available by appointment of course.

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34 Listings

Single Family Listings MLS # Status Address Town Description DOM Date/Time List Price 71324315 ACT 88 Old Farm Rd Needham, MA 12 room, 6 bed, 4f 1h bath Colonial 119 Jan 15 11:00 AM to 1:00 PM $1,479,000 71289773 ACT Lot 25 Lake Dr Needham, MA 8 room, 4 bed, 2f 1h bath Colonial 117 Jan 15 11:00 AM to 1:00 PM $1,249,000 71302978 ACT 535 Great Plain Avenue Needham, MA 11 room, 4 bed, 2f 2h bath Cape 86 Jan 15 12:00 PM to 1:00 PM $749,000 71311210 ACT 91 Mary Chilton Rd Needham, MA 9 room, 4 bed, 3f 0h bath Raised Ranch 61 Jan 15 12:00 PM to 1:00 PM $639,900 71313785 ACT 19 Stratford Road Needham, MA 8 room, 4 bed, 2f 1h bath Raised Ranch 53 Jan 15 12:00 PM to 1:00 PM $799,000 71326252 NEW 1022 Webster St Needham, MA 7 room, 3 bed, 1f 0h bath Colonial 3 Jan 15 12:00 PM to 1:30 PM $489,000 71317829 ACT 10 Longacre Road Needham, MA 12 room, 5 bed, 3f 1h bath Colonial 164 Jan 15 12:00 PM to 2:00 PM $1,474,900 71316525 ACT 81 Arch St Needham, MA : Birds Hill 11 room, 5 bed, 5f 1h bath Colonial 42 Jan 15 12:00 PM to 1:30 PM $1,499,000 71323403 ACT 580 SOUTH STREET Needham, MA 15 room, 6 bed, 6f 2h bath Colonial 285 Jan 15 12:00 PM to 1:30 PM $2,749,900 71326424 NEW 39 THURSTON LANE Needham, MA 12 room, 5 bed, 5f 1h bath Colonial 111 Jan 15 12:30 PM to 2:00 PM $1,473,000 71312024 ACT 832 Webster St Needham, MA 7 room, 3 bed, 2f 1h bath Colonial 59 Jan 15 12:30 PM to 3:00 PM $749,000 71294721 ACT 76 Grosvenor Road Needham, MA 8 room, 4 bed, 3f 0h bath Cape 106 Jan 15 12:30 PM to 2:00 PM $699,000 71214102 ACT 365 Warren Street Needham, MA 7 room, 3 bed, 1f 0h bath Colonial 273 Jan 15 12:30 PM to 1:30 PM $485,000 71232546 ACT 73 Berkshire Road Needham, MA 10 room, 4 bed, 4f 1h bath Colonial 246 Jan 15 12:30 PM to 2:00 PM $1,259,000 71275724 ACT 80 Richard Road Needham, MA : Birds Hill 11 room, 5 bed, 4f 1h bath Colonial 151 Jan 15 1:00 PM to 3:00 PM $1,349,000 71284824 ACT 294 Central Ave Needham, MA 8 room, 4 bed, 2f 1h bath Colonial 120 Jan 15 1:00 PM to 3:00 PM $849,900 71289338 PCG 620 Central Avenue Needham, MA 9 room, 4 bed, 2f 1h bath Colonial 111 Jan 15 1:00 PM to 2:30 PM $849,900 71326500 NEW 20 Glover Road Needham, MA 8 room, 3 bed, 1f 2h bath Split Entry 2 Jan 15 1:00 PM to 3:00 PM $579,000 71314338 ACT 16 INTERVALE ROAD Needham, MA 10 room, 4 bed, 3f 1h bath Colonial 166 Jan 15 1:00 PM to 3:00 PM $1,249,000 71323919 ACT 15 Rosegate Rd Needham, MA 9 room, 4 bed, 2f 1h bath Colonial 249 Jan 15 1:00 PM to 3:00 PM $684,000 71317828 ACT 175 Richardson Drive Needham, MA 10 room, 4 bed, 2f 1h bath Colonial 37 Jan 15 1:00 PM to 2:30 PM $929,000 71317844 PCG 5 Cynthia Rd Needham, MA 9 room, 3 bed, 1f 2h bath Split Entry 37 Jan 15 1:00 PM to 3:00 PM $599,900 71322470 ACT Lot 28 JARVIS CIR U:60 Needham, MA 9 room, 4 bed, 2f 1h bath Colonial 13 Jan 15 1:00 PM to 3:00 PM $779,000 71322471 ACT lot30 JARVIS CIRCLE U:74 Needham, MA 8 room, 4 bed, 2f 1h bath Colonial 14 Jan 15 1:00 PM to 3:00 PM $729,000 71322831 ACT 223 High Rock St Needham, MA 7 room, 4 bed, 2f 0h bath Cape 11 Jan 15 1:00 PM to 3:00 PM $529,000 71246776 ACT 375 Hillcrest Road Needham, MA 11 room, 4 bed, 4f 1h bath Colonial 219 Jan 15 1:30 PM to 3:00 PM $1,379,000 71271570 ACT 24 Parkland Rd Needham, MA 6 room, 3 bed, 2f 0h bath Colonial 162 Jan 15 2:00 PM to 3:00 PM $479,000 71295284 ACT 289 Hillcrest Road Needham, MA 7 room, 3 bed, 2f 1h bath Colonial 103 Jan 15 2:00 PM to 3:00 PM $699,900 71326167 NEW 167 Charles River St Needham, MA 12 room, 6 bed, 3f 1h bath Colonial 3 Jan 15 2:00 PM to 3:30 PM $965,000 71324504 ACT 789 Webster Street Needham, MA 10 room, 4 bed, 2f 1h bath Colonial 246 Jan 15 2:30 PM to 4:00 PM $1,199,000 71301923 ACT 94 Sachem Road Needham, MA 7 room, 3 bed, 1f 0h bath Colonial 88 Jan 15 2:30 PM to 4:00 PM $519,000 71314294 ACT 81 Avon Circle Needham, MA 10 room, 5 bed, 4f 1h bath Colonial 245 Jan 15 2:30 PM to 4:00 PM $1,149,000 71221790 ACT 80 N Hill Ave Needham, MA 10 room, 4 bed, 3f 1h bath Colonial 388 Jan 15 2:30 PM to 4:00 PM $1,149,000 71276954 ACT 126 Jarvis Needham, MA 9 room, 5 bed, 3f 1h bath Colonial 149 Jan 15 2:30 PM to 4:00 PM $1,200,000

We can all agree the year 2011 was an interesting year for real estate and Needham was interesting too.

One thing most people do not know is what firms have the market share in the sides sold
and the % of $ volume.

Coldwell Banker Residential Brokerage - all office Market Share for 2011 in Needham is 113 units and in dollar volume it represents a total of $90,613,980 which is the #1 spot in the town of Needham for home sales.

The total home sales in Needham in volume was 281 units.

Needham, MA Norfolk County RE Market Report for 2011

There were 280 homes that closed in calendar year 2011.

There were 306 homes sold in calendar year 2010.

Units sold in 2011 was a decreased by 8.5% 26 homes over 2010 but the there was a slight increase in the asking price by 1.0088%. and 1.02% increase in sales price.

The Average list price for the homes that closed in Needham for the year 2011 was $847,445

The Average list price for the homes that closed in Needham for the year 2010 was $840,063

The Average sale price for the homes that closed in Needham for the year 2011 was $819,163

The Average sale price for the homes that closed in Needham for year 2010 was $805,643

The Average Market time for the homes that closed in Needham for your 2011 was 100 days.

The Average Market time for the homes that closed in Needham in year 2010 was 90 days.

In the year 2011 53 homes sold between $1,000,000 and $1,499,999

In both 2010 and 2011 Needham homes sold for 97% of the list price.