Score
0Newton, MA
22 Carter St
1.0M
2 beds
1 baths
1,152 sqft
2 bd • 1 ba • 1,152 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,005,500
Price/Sq.Ft
$873
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 22 Carter St, Newton, MA offers a prime location in one of Boston's most desirable suburbs. At $872.83/sqft, it's priced competitively for Newton, where average prices can exceed $1,000/sqft. The 1,152 sqft layout, while compact, is efficient for a 2-bedroom home. Current rental rates for 2-bedroom units in Newton average $2,990/month, suggesting a potential 3.6% cap rate for investors. The property's location likely contributes to a high walk score, enhancing its appeal for those seeking an urban-suburban lifestyle. The mature trees visible in the image suggest a well-established neighborhood with good curb appeal and potential for energy savings through natural shading.
The Bad
The property's age is unknown, which raises concerns about potential hidden maintenance issues and outdated systems. With only 1 bathroom for a 2-bedroom home, it may feel limited for some buyers, potentially impacting resale value. The lack of listed features suggests possible outdated amenities or the need for upgrades. At 1,152 sqft, it's smaller than many homes in Newton, which could be a drawback for families or those seeking more space. The high price point of $1,005,500, while competitive for Newton, may still be out of reach for many buyers, especially considering the limited space and features.
The Ugly
The lack of property description and feature list is concerning, potentially indicating significant issues or a hastily listed property. Given Newton's older housing stock, there's a high risk of major system replacements being needed soon, such as HVAC ($10,000+), roof ($15,000+), or foundation repairs. The property may have a private sewer line, which could lead to unexpected costs of $5,000-$20,000 for repairs or replacement. Newton's high property taxes, estimated at 1.15% of assessed value, would add approximately $11,563 annually to ownership costs. The competitive Newton market often leads to bidding wars, potentially pushing the final price well above the asking price and reducing overall value.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for:
1. Young professionals or couples with household incomes of $200,000+ who prioritize location over space.
2. Downsizers looking for a low-maintenance property in a prime suburb.
3. Investors seeking long-term appreciation in a stable, high-demand market.
4. First-time homebuyers with significant savings, looking to enter the Newton market.
5. Those who value walkability and easy access to Boston, willing to compromise on space for location.
Not For
This property is not suitable for:
1. Families needing 3+ bedrooms or multiple bathrooms.
2. Buyers seeking a move-in ready home with modern amenities.
3. Those with a budget under $1 million, considering potential bidding wars and renovation needs.
4. Investors looking for high cash flow properties, given the low potential cap rate.
5. Buyers uncomfortable with the risks associated with older homes or unknown property conditions.
Demographics
Area Median Income
$140,000
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jan 22, 2024Bernadette Okenquist, Brian CharbonnierJean Curran
Quit Claim Deed
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,990
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,005,500
Price/sqft
$873
Layout
2 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$708,333
42.0%
Your price is 42.0% above average
Median Price
$605,000
66.2%
Based on 6 recent sales
Price per Sq.Ft
$627
39.2%
Your price is 39.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 36 Lincoln Rd, Newton, MA 02458 | $600,000 | 1,103 | 3 | 1 | $54437.7% | 8/14/2024 |
| 36 Lincoln Rd #36, Newton, MA 02458 | $600,000 | 1,103 | 3 | 1 | $54437.7% | 8/14/2024 |
| 31 Emerald St, Newton, MA 02458 | $1,215,000 | 1,334 | 3 | 1 | $9114.3% | 9/5/2024 |
| 84 Eldredge Street #2, Newton, MA 02458 | $605,000 | 950 | 1 | 1 | $63727.0% | 9/11/2024 |
| 50 Watertown St #607, Watertown, MA 02472 | $640,000 | 1,046 | 2 | 2 | $61229.9% | 10/9/2024 |
| 50 Watertown Street #510, Watertown, MA 02472 | $590,000 | 1,148 | 2 | 2 | $51441.1% | 9/3/2024 |
36 Lincoln Rd, Newton, MA 02458
Price: $600,000
Sq.Ft: 1,103
Beds/Baths: 3/1
$/Sq.Ft:
$54437.7%
Sale Date: 8/14/2024
36 Lincoln Rd #36, Newton, MA 02458
Price: $600,000
Sq.Ft: 1,103
Beds/Baths: 3/1
$/Sq.Ft:
$54437.7%
Sale Date: 8/14/2024
31 Emerald St, Newton, MA 02458
Price: $1,215,000
Sq.Ft: 1,334
Beds/Baths: 3/1
$/Sq.Ft:
$9114.3%
Sale Date: 9/5/2024
84 Eldredge Street #2, Newton, MA 02458
Price: $605,000
Sq.Ft: 950
Beds/Baths: 1/1
$/Sq.Ft:
$63727.0%
Sale Date: 9/11/2024
50 Watertown St #607, Watertown, MA 02472
Price: $640,000
Sq.Ft: 1,046
Beds/Baths: 2/2
$/Sq.Ft:
$61229.9%
Sale Date: 10/9/2024
50 Watertown Street #510, Watertown, MA 02472
Price: $590,000
Sq.Ft: 1,148
Beds/Baths: 2/2
$/Sq.Ft:
$51441.1%
Sale Date: 9/3/2024
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