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Wellesley 02482
14 Summit Road
$946,500
● House - Off Market

14 Summit Road

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,350 Ft²
$1,919,500
RealtyHop Estimate
125.82%
Since Jul 1, 2002
MA-Boston
Primary Model

About This Property

COME FALL IN LOVE WITH THE PERFECT FAMILY HOME. UPDATED COLLEGE HEIGHTS COLONIAL W/4 BEDS, NEW KITCHEN,OPENING TO FAM RM, 2 1/2 BATHS, FINISHED PLAYROOM, CENTRAL AIR,LAND- SCAPED YARD & WALK TO TOWN LOCATION. MOVE RIGHT IN!
Unit Size
2,350 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$362
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1950

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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 #30607122)

Price History

Date / Event Date Event Price
Dec 8, 2006 Sold
Premium
Sold
Jun 26, 2002 Sold
Premium
Sold
May 15, 2002 Listed by Rutledge Properties $850,000
Listed by Rutledge Properties
Jun 22, 1998 Sold
Premium
Sold
Mar 9, 1998 Listed $529,000
Listed
SPACIOUS CENTER ENTRANCE COLONIAL W/PRETTY DETAIL ON GENEROUS LOT IN WALK-TO-TOWN & TRAIN LOCATION. EXCEPT- IONALLY LG MASTER BDRM SUITE. NEUTRAL DECOR THROUGHOUT LIMITED SHOWING TIMES. CALL LISTING BROKER. FIRST BROKER'S

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1983
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,143
  • Total Building Area: 3,488
  • Building Area: 3,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000348
  • 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: SR10

Geography

  • Parcel: WELL M:136 R:056 S:
  • Municipality: WELLESLEY
  • Latitude: 42.299
  • Longitude: -71.2981

    Address

  • Full Address: 14 Summit Rd
  • Address - House Number: 14
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4640
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,652,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,119,930
  • High Value: 2,448,263
  • Low Value: 1,791,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,443,000
  • Assessed Land Value: $868,000
  • Assessed Improvements Value: $575,000

    Sales

  • Current Sale Recording Date: Dec 08, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 162503
  • Previous Sale Recording Date: Jun 26, 2002
  • Previous Sale Amount: $946,500
  • Previous Sale Document Type: 48
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

65

Average Home Size

4179 ft²

Average Home Age

47.9 years

Currently For Sale

51 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: 6 months ago
Data Source: MLS PIN, MLS# 30607122

Frequently Asked Questions

When was property at 14 Summit Road built and last sold?
The property at 14 Summit Road was built in 1950 and last sold on Jan 1, 1970 for $960,750.
How much is this home worth?
The estimated value of the home located at 14 Summit Road is $901,637.
What are some comparable homes to 14 Summit Road?
There are currently no comparable homes to 14 Summit Road.
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