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Wellesley 02482
159 Weston Rd
$898,000
● House - Off Market

159 Weston Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,792 Ft²
$852,037
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Opportunity knocks and it is sitting on a corner lot in desirable Wellesley, Massachusetts.  This historic Colonial is a Home Renovator's DREAM, ready to be restored back to the stately beauty it deserves to be.  This property's "good bones" and gleaming hardwood floors throughout create the perfect canvas to start your project.  Four bedrooms, 1 ½ bath, formal dining room, unfinished attic space...and an added surprise... this home comes with a 2-story barn, just bursting with potential!   Located in the College Heights neighborhood, 159 Weston Road is directly across the street from the Community Garden and is a sidewalk stroll to the town center, train station, schools, shops and restaurants.   ***Home is being sold "AS IS" ***   Offer Deadline Monday, August 30 at 3pm.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$419
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1904

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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 years ago (MLSPIN #72885624)

Price History

Date / Event Date Event Price
Oct 5, 2021 Sold
Premium
Sold
Aug 24, 2021 Listed by Gibson Sotheby's International Realty $750,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1970
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,299
  • Total Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • 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:149 R:082 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2982
  • Longitude: -71.3013

    Address

  • Full Address: 159 Weston Rd
  • Address - House Number: 159
  • Address - Street Name: Weston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C048
  • 4-Digit Zip Code: 5717
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $969,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,184,393
  • High Value: 1,387,291
  • Low Value: 981,494

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $847,000
  • Assessed Land Value: $761,000
  • Assessed Improvements Value: $86,000

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 128300
  • Previous Sale Recording Date: Aug 06, 2018
  • 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

$670

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4244 ft²

Average Home Age

53.4 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72885624

Frequently Asked Questions

When was property at 159 Weston Road built and last sold?
The property at 159 Weston Road was built in 1904 and last sold on Oct 4, 2021 for $898,000.
How much is this home worth?
The estimated value of the home located at 159 Weston Road is $0.
What are some comparable homes to 159 Weston Road?
There are currently no comparable homes to 159 Weston Road.
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