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Wellesley 02482
15 College Rd
$720,000
● House - Off Market

15 College Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,692 Ft²
$1,341,218
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

A wonderful home in a fantastic neighborhood, this property has been meticulously maintained and cared for. On a large lot, with Morses's Pond in the background, the owners have landscaped the backyard into a beautiful retreat. The home has great systems, replacement windows, central air conditioning and a boiler from 2012. With three generous bedrooms and two full baths, the home is ready to for occupancy and cosmetic enhancements, or it can be expanded on the large lot.
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$437
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
1961

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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 #71687718)

Price History

Date / Event Date Event Price
Aug 4, 2014 Sold
Premium
Sold
May 27, 2014 Listed by Keller Williams Realty Boston-Metro | Back Bay $739,000
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 15,055
  • Total Building Area: 1,692
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000346
  • 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: SR15

Geography

  • Parcel: WELL M:194 R:007 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2951
  • Longitude: -71.3215

    Address

  • Full Address: 15 College Rd
  • Address - House Number: 15
  • Address - Street Name: College
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C026
  • 4-Digit Zip Code: 5703
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,198,800

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,332,946
  • High Value: 1,561,293
  • Low Value: 1,104,599

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,047,000
  • Assessed Land Value: $912,000
  • Assessed Improvements Value: $135,000

    Sales

  • Current Sale Recording Date: Aug 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65914

    Financing

  • First Mortgage Financing Type: UNK
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

4280 ft²

Average Home Age

52.9 years

Currently For Sale

56 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: 4 months ago
Data Source: MLS PIN, MLS# 71687718

Frequently Asked Questions

When was property at 15 College Road built and last sold?
The property at 15 College Road was built in 1961 and last sold on Jan 1, 1970 for $720,000.
How much is this home worth?
The estimated value of the home located at 15 College Road is $766,033.
What are some comparable homes to 15 College Road?
There are currently no comparable homes to 15 College Road.
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