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Wellesley 02481
1 Alba Road
$754,000
● House - Off Market

1 Alba Road

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,573 Ft²
$1,359,521
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Move-in Condition!  This bright and charming classic New England Cape features a cherry and granite eat-in kitchen, formal dining room, fireplace living room, cozy den off living room, and first floor half bath. The second floor features 3 bedrooms and a full bath. Finished space in the lower level.  There are hardwood floors throughout plus tile in the bathrooms. Exterior of house in the process of being painted.  Large fenced-in level lot.  Best location... close to Linden Square, town, commuter rail, restaurants, shops, Sprague Elementary, Middle and High Schools.  Easy access to Rte. 9 and the highway. Wellesley's top rated schools too! Make this your new home!
Unit Size
1,573 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$476
Property Type
House
Property Taxes
$600
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #71659694)

Price History

Date / Event Date Event Price
May 30, 2018 Sold
Premium
Sold
Jun 16, 2014 Sold
Premium
Sold
Apr 11, 2014 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $749,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,236
  • Total Building Area: 2,358
  • Building Area: 2,358
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,358
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404202

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:098 R:057 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3046
  • Longitude: -71.2855

    Address

  • Full Address: 1 Alba Rd
  • Address - House Number: 1
  • Address - Street Name: Alba
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C012
  • 4-Digit Zip Code: 4801
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,241,200

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,331,947
  • High Value: 1,536,310
  • Low Value: 1,127,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,084,000
  • Assessed Land Value: $801,000
  • Assessed Improvements Value: $283,000

    Sales

  • Current Sale Recording Date: May 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1401360
  • Previous Sale Recording Date: Jun 16, 2014
  • Previous Sale Amount: $754,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wellesley

Stats & Trends

Median Asking:

$2,195,000

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4181 ft²

Average Home Age

47.6 years

Currently For Sale

50 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71659694

Frequently Asked Questions

When was property at 1 Alba Road built and last sold?
The property at 1 Alba Road was built in 1940 and last sold on Jan 1, 1970 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 1 Alba Road is $771,490.
What are some comparable homes to 1 Alba Road?
There are currently no comparable homes to 1 Alba Road.
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