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Wellesley 02482
16 Summit Road
Photo of 16 Summit Road

1

Map

$939,000
● House - Off Market

16 Summit Road

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$5,204
Est. Monthly

About This Property

Price reduction!! This seven room Colonial in desirable College Heights has been extensively updated since 2005. A bright open layout on first floor features decorative moldings and trim throughout. Special touches include  living room bay-window and marble fireplace. Arched entry to dining room leads to  French doors that open to deck and spacious backyard. Updated kitchen has granite counters. Bonus office/bedroom was recently added on first floor. Three bedrooms upstairs. 2005 roof.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$552
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1933

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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: 4 months ago (MLSPIN #71209062)

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold
Premium
Sold
May 26, 2021 Listed by Hammond Residential $1,100,000
Listed by Hammond Residential
Apr 1, 2011 Listed by Hammond Residential $939,000
Listed by Hammond Residential
Jul 16, 2004 Sold
Premium
Sold
May 29, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 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: 14,363
  • Total Building Area: 1,616
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000330
  • 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:136 R:057 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2991
  • Longitude: -71.2983

    Address

  • Full Address: 16 Summit Rd
  • Address - House Number: 16
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4640
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,219,400

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,358,824
  • High Value: 1,591,604
  • Low Value: 1,126,043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,065,000
  • Assessed Land Value: $856,000
  • Assessed Improvements Value: $209,000

    Sales

  • Current Sale Contract Date: Aug 03, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1483926
  • Previous Sale Recording Date: Jul 16, 2004
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: 48
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:

$2,149,500

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4381 ft²

Average Home Age

49.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71209062

Frequently Asked Questions

When was property at 16 Summit Road built and last sold?
The property at 16 Summit Road was built in 1933 and last sold on Aug 3, 2021 for $1,180,000.
How much is this home worth?
The estimated value of the home located at 16 Summit Road is $1,122,311.
What are some comparable homes to 16 Summit Road?
There are currently no comparable homes to 16 Summit Road.
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