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Wellesley 02482
16 Granite Street
$1,270,000
● House - Off Market

16 Granite Street

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,701 Ft²
$1,264,966
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Enchantment surrounds this beautiful property resting atop of nearly half an acre private lot. The classic Cape Cod home was designed by Royal Barry Wills, one of America's most popular architects. Beyond the exquisite Dutch door front entry you are met with lovingly maintained original woodwork throughout. Layers of exposed ceiling beams and built in cabinetry frame the beautiful grand fireplace which continues into your formal dining room. Brand new heating system, updated electrical and hot water tank. This charming sought-after neighborhood is walking distance to Linden square shops, restaurants, trails and commuter rail. Perfect commuter location minutes to route Rt 9. Seller is connecting to town sewer prior to closing.
Unit Size
1,701 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$740
Property Type
House
Property Taxes
$975
HOA Dues
-
Year Built
1937

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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 #73075842)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Mar 27, 2023 In contract -
In contract
Mar 24, 2023 Price Decreased $1,259,000
↓ $40K (3.1%)
Price Decreased
Mar 8, 2023 Price Increased $1,299,000
↑ $40K (3.2%)
Price Increased
Feb 2, 2023 Listed by William Raveis R.E. & Home Services $1,259,000
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 23
  • 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: 20,480
  • Total Building Area: 1,701
  • Building Area: 1,701
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000470
  • 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:148 R:006 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3017
  • Longitude: -71.301

    Address

  • Full Address: 16 Granite St
  • Address - House Number: 16
  • Address - Street Name: Granite
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4638
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,240,000

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,394,362
  • High Value: 1,636,026
  • Low Value: 1,152,698

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,083,000
  • Assessed Land Value: $959,000
  • Assessed Improvements Value: $124,000

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26530
  • Previous Sale Recording Date: May 10, 2021
  • Previous Sale Contract Date: Apr 28, 2021
  • Previous Sale Amount: $1,090,000
  • Previous Sale Document Type: O

    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:

$2,150,000

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# 73075842

Frequently Asked Questions

When was property at 16 Granite Street built and last sold?
The property at 16 Granite Street was built in 1937 and last sold on May 4, 2023 for $1,270,000.
How much is this home worth?
The estimated value of the home located at 16 Granite Street is $1,258,379.
What are some comparable homes to 16 Granite Street?
There are currently no comparable homes to 16 Granite Street.
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