Active
2 Days on market
38 Hunnewell St Needham — Photo 1 of 38

38 Hunnewell St Needham — Photo 1 of 38

$2,100,000

Investment Analysis — 38 Hunnewell St

Needham, MA 02494

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02494 carries an estimated $4,030/mo in gross rent — about a 1.12% cap rate and $23,493/yr in estimated NOI at the $2,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3.5

SqFt

3,850

Style

Single Family

Built

1956

Spacious 5-Bedroom Ranch with Single Floor Living, Elevator, Wine Cellar, and Nearly Half an Acre. From the street, this home reads as a classic ranch. Step inside and the layout keeps unfolding, room after room, into a home with far more scale and function than the exterior suggests. An open layout with vaulted ceilings and large windows brings in natural light across the main living areas.Designed for true single-floor living, with all primary living space on one level. An elevator connecting the floors and a ramp from the garage provide step-free access throughout, making coming and going effortless.The lower level is built for how residents actually use the space day to day: a large playroom with a built-in performance stage, desk, plus toy and sports storage gives room to play, create, or put on a show. A separate workshop or craft room provides space for bigger projects. Direct access leads out to a big backyard with a lighted basketball court, full-size soccer net, and a custom swing set.Outside, an enclosed patio opens to raised vegetable garden beds on automated irrigation, along with mature apple and blueberry trees and several varieties of wine grapes. A wine cellar offers the perfect spot to store and enjoy your own vintage.Set on 0.46 acres with panoramic views, the property offers 3,850 square feet, 5 bedrooms, and 3.5 baths across two levels that never feel disconnected.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,850 sq ft principal dwelling). Lot size: 20,255 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$2,100,000
Annual Taxes$13,261

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms15
Fireplaces1
FlooringFlooring - Stone/Ceramic Tile, Laminate
BasementFull

Climate & Utilities

HeatingCentral, Forced Air, Baseboard, Heat Pump, Oil
CoolingCentral Air, 3 or More
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningB

Property & Lot

Acres0.46
SqFt Lot20,255
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenFamily RoomPrimary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2Bathroom 3
Basement
Bedroom 5
Living Room
Lvl First

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Lighting - Pendant

Family Room
Lvl First

Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Picture, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting

Primary Bedroom
Lvl First

Bathroom - Full, Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bedroom 4
Lvl First

Closet, Flooring - Hardwood

Bedroom 5
Lvl Basement

Closet, Flooring - Laminate, Chair Rail, Recessed Lighting

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Lighting - Pendant

Bathroom 3
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Pedestal Sink

Listing Provided By

Listing Agent: Migdolmoore Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73581810