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Wellesley 02481
1 Edgewater Dr
Photo of 1 Edgewater Dr
Sold on Oct 31, 2005

1

Map

$781,000
● House - Off Market

1 Edgewater Dr

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,347 Ft²
$1,436,085
RealtyHop Estimate
76.21%
Since Nov 1, 2005
MA-Boston
Primary Model

About This Property

This charming raised ranch is situated in a great neighborhood with easy access to main routes.  It boasts a second Master Suite on second floor.  Sun splashed breakfast room overlooks the well kept yard with irrigation system.  3 full baths, 2 car garage, 2 driveways and central air all add to the appeal of this home.
Unit Size
2,347 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$347
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
2022

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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: 5 months ago (MLSPIN #70236782)

Price History

Date / Event Date Event Price
Jun 9, 2023 Sold
Premium
Sold
Aug 31, 2021 Sold
Premium
Sold
Oct 31, 2005 Sold
Premium
Sold
Aug 4, 2005 Listed $815,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 200
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,109
  • Total Building Area: 3,793
  • Building Area: 3,793
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,793
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • 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: 404201

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:051 R:047 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3268
  • Longitude: -71.269

    Address

  • Full Address: 1 Edgewater Dr
  • Address - House Number: 1
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C017
  • 4-Digit Zip Code: 1617
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,549,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1749
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 2,444,313
  • High Value: 2,871,837
  • Low Value: 2,016,789

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,353,000
  • Assessed Land Value: $867,000
  • Assessed Improvements Value: $486,000

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35240
  • Previous Sale Recording Date: Aug 31, 2021
  • Previous Sale Contract Date: Aug 31, 2021
  • Previous Sale Amount: $899,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

66

Average Home Size

4246 ft²

Average Home Age

49.4 years

Currently For Sale

57 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70236782

Frequently Asked Questions

When was property at 1 Edgewater Drive built and last sold?
The property at 1 Edgewater Drive was built in 2022 and last sold on Jun 9, 2023 for $3,061,160.
How much is this home worth?
The estimated value of the home located at 1 Edgewater Drive is $860,380.
What are some comparable homes to 1 Edgewater Drive?
There are currently no comparable homes to 1 Edgewater Drive.
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