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Wellesley 02482
1 Westerly St
$900,000
● House - Off Market

1 Westerly St

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,241 Ft²
$888,978
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Located in the heart of Wellesley's Linden area, this sweet, well-maintained village colonial is available for the first time in over 50 years.  Direct access to everything: Linden and Central Street dining and shopping, commuter rail, highways and schools.  Make Wellesley and this adorable home in a coveted Sprague neighborhood your own. Showings to begin at Sunday October 2nd open house, 1- 4.
Unit Size
1,241 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$668
Property Type
House
Property Taxes
$667
HOA Dues
-
Year Built
1915

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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: 4 months ago (MLSPIN #73043331)

Price History

Date / Event Date Event Price
Nov 8, 2022 Sold
Premium
Sold
Oct 3, 2022 In contract -
In contract
Oct 1, 2022 Listed by Francesca Wier Realty $829,000
Listed by Francesca Wier Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1975
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 4,865
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • 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: 404302

Zoning

  • Zoning: GR

Geography

  • Parcel: WELL M:123 R:028 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3006
  • Longitude: -71.2942

    Address

  • Full Address: 1 Westerly St
  • Address - House Number: 1
  • Address - Street Name: Westerly
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C043
  • 4-Digit Zip Code: 4628
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $858,800

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,024,434
  • High Value: 1,202,653
  • Low Value: 846,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $750,000
  • Assessed Land Value: $655,000
  • Assessed Improvements Value: $95,000

    Sales

  • Current Sale Contract Date: Nov 08, 2022
  • Current Sale Recording Date: Nov 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95605
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:

$2,150,000

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4196 ft²

Average Home Age

52 years

Currently For Sale

60 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: 4 months ago
Data Source: MLS PIN, MLS# 73043331

Frequently Asked Questions

When was property at 1 Westerly Street built and last sold?
The property at 1 Westerly Street was built in 1915 and last sold on Nov 8, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 1 Westerly Street is $844,596.
What are some comparable homes to 1 Westerly Street?
There are currently no comparable homes to 1 Westerly Street.
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