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Wellesley 02481
16 Madison Rd
Photo of 16 Madison Rd
Sold on Dec 9, 2011

1

Map

$690,000
● House - Off Market

16 Madison Rd

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$1,515,554
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

This home was modified, enlarged, and renovated in the mid-90's, including new plumbing, new wiring, new insulation, and new windows.  French doors in two rooms encourage enjoyment of the lovely backyard anchored by a beautiful old tree.  The floor plan is open and inviting, with great natural light.  Enjoy this convenient and much loved neighborhood at the edge of the Town Forest and around the corner from the Fiske School and Playground.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$481
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 20 days ago (MLSPIN #71218320)

Price History

Date / Event Date Event Price
Dec 9, 2011 Sold
Premium
Sold
Apr 18, 2011 Listed by Prudential Town and Country $700,000
Listed by Prudential Town and Country
Nov 14, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 11,148
  • Total Building Area: 1,660
  • Building Area: 1,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,660
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • 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: 404100

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:016 R:034 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3113
  • Longitude: -71.2483

    Address

  • Full Address: 16 Madison Rd
  • Address - House Number: 16
  • Address - Street Name: Madison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C037
  • 4-Digit Zip Code: 5441
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,161,000

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,259,162
  • High Value: 1,474,162
  • Low Value: 1,044,163

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,014,000
  • Assessed Land Value: $814,000
  • Assessed Improvements Value: $200,000

    Sales

  • Current Sale Recording Date: Dec 09, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000012
  • Previous Sale Recording Date: Nov 14, 1988
  • Previous Sale Amount: $269,000
  • 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:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4246 ft²

Average Home Age

49.4 years

Currently For Sale

57 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: 20 days ago
Data Source: MLS PIN, MLS# 71218320

Frequently Asked Questions

When was property at 16 Madison Road built and last sold?
The property at 16 Madison Road was built in 1940 and last sold on Jan 1, 1970 for $690,000.
How much is this home worth?
The estimated value of the home located at 16 Madison Road is $721,495.
What are some comparable homes to 16 Madison Road?
There are currently no comparable homes to 16 Madison Road.
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