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Wellesley 02481
121 Lowell Rd
$3,495,000
● House - Off Market

121 Lowell Rd

Wellesley, MA 02481
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
7,000 Ft²
$4,639,566
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Stunning 6 bedroom Colonial by one of Wellesley's most sought after builders is ready for your family. Fabulous floor plan with soaring ceilings, abundant windows and designer fixtures and finishes throughout. Grand foyer, open concept chef's kitchen and fire-placed family room, formal living and dining rooms and a 1st floor study. Four generous bedrooms on the 2nd level all ensuite including master with sumptuous spa bath. A bonus third floor with bedroom, bath and additional office or flex space. Finished lower level with gym, recreation room and 6th bedroom and bath with steam shower. Three car heated garage with electric car charging station and gorgeous stone patio overlooking lovely private grounds complete this property.  A turnkey treasure in the heart of Wellesley's coveted Cliff Estates.
Unit Size
7,000 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$499
Property Type
House
Property Taxes
$1,066
HOA Dues
-
Year Built
2020

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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 #72677614)

Price History

Date / Event Date Event Price
Aug 14, 2020 Sold
Premium
Sold
Jun 20, 2020 Listed by Compass $3,495,000
Listed by Compass
Jun 28, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Compass $1,195,000
Listed by Compass

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • 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: 21,714
  • Total Building Area: 5,062
  • Building Area: 5,062
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,062
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000498
  • 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: SR20

Geography

  • Parcel: WELL M:120 R:052 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3118
  • Longitude: -71.2921

    Address

  • Full Address: 121 Lowell Rd
  • Address - House Number: 121
  • Address - Street Name: Lowell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C036
  • 4-Digit Zip Code: 2717
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,973,200

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 4,661,547
  • High Value: 5,395,880
  • Low Value: 3,927,215

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,470,000
  • Assessed Land Value: $1,126,000
  • Assessed Improvements Value: $2,344,000

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Aug 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1452961
  • Previous Sale Recording Date: Jun 28, 2018
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: 27

    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:

$2,172,500

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# 72677614

Frequently Asked Questions

When was property at 121 Lowell Road built and last sold?
The property at 121 Lowell Road was built in 2020 and last sold on Aug 11, 2020 for $3,495,000.
How much is this home worth?
The estimated value of the home located at 121 Lowell Road is $3,527,741.
What are some comparable homes to 121 Lowell Road?
There are currently no comparable homes to 121 Lowell Road.
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