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Wellesley 02481
15 Edgewater Drive
Photo of 15 Edgewater Drive
Sold on Jan 30, 2007

1

Map

$1,740,000
● House - Off Market

15 Edgewater Drive

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,850 Ft²
$3,400,784
RealtyHop Estimate
90.52%
Since Feb 1, 2007
MA-Boston
Primary Model

About This Property

Gracious new construction of 5 bedroom, 4.5 bath beautifully executed Colonial in Wellesley Farms. Front & back stairs, finished 3rd floor, 3-car garage. Cook's gourmet kitchen, 1st floor library. Lovely raised paneling,crown moldings and handsome builtin bookcases add old world charm and character to this brand new home.Large, private treed lot is  adjacent to Charles River.Wonderful woodland views all year. (see photos ) Easy access to golf course, mass pike and shops. End of Dec. occupancy.
Unit Size
4,850 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$368
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006

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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 #70478563)

Price History

Date / Event Date Event Price
Jan 30, 2007 Sold
Premium
Sold
Oct 20, 2006 Listed $1,785,000
Listed
Jun 7, 2006 Sold
Premium
Sold
Apr 3, 2006 Listed $639,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • 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: 15,180
  • Total Building Area: 4,947
  • Building Area: 4,947
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,947
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLENWELL FARMS
  • 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: 404201

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:051 R:044 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3271
  • Longitude: -71.2701

    Address

  • Full Address: 15 Edgewater Dr
  • Address - House Number: 15
  • 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: $2,417,100

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 3,021,240
  • High Value: 3,484,795
  • Low Value: 2,557,686

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,111,000
  • Assessed Land Value: $869,000
  • Assessed Improvements Value: $1,242,000

    Sales

  • Current Sale Recording Date: Jan 30, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 134101
  • Previous Sale Recording Date: Jun 07, 2006
  • Previous Sale Amount: $645,000
  • Previous Sale Document Type: 27
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

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4218 ft²

Average Home Age

51.3 years

Currently For Sale

58 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# 70478563

Frequently Asked Questions

When was property at 15 Edgewater Drive built and last sold?
The property at 15 Edgewater Drive was built in 2006 and last sold on Jan 1, 1970 for $1,740,000.
How much is this home worth?
The estimated value of the home located at 15 Edgewater Drive is $1,806,004.
What are some comparable homes to 15 Edgewater Drive?
There are currently no comparable homes to 15 Edgewater Drive.
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