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Wellesley 02481
18 Lanark Rd
$1,200,000
● House - Off Market

18 Lanark Rd

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,207 Ft²
$1,713,322
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

Fascinating one-of-a-kind architect designed contemporary nestled on beautiful wooded lot with seasonal brook. Enjoy country living just minutes to the Commuter Rail or Mass Pike in this cedar shingle home. Free-flowing rooms with high ceilings and hardwood floors, backyard brick terrace, master retreat with sitting room removed from the hustle and bustle, and 4 additional family bedrooms with 2 full baths. A house for all seasons! Beautiful wooded views and wonderful privacy.
Unit Size
3,207 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$421
Property Type
House
Property Taxes
$1,146
HOA Dues
-
Year Built
1973

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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 years ago (MLSPIN #72729955)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
Sep 6, 2021 Listed by Compass $2,980,000
Listed by Compass
Dec 16, 2020 Sold
Premium
Sold
Sep 21, 2020 Listed by Compass $1,350,000
Listed by Compass

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2021
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,177
  • Total Building Area: 3,249
  • Building Area: 3,249
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,249
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000509
  • 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: SR20

Geography

  • Parcel: WELL M:073 R:020 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3179
  • Longitude: -71.2784

    Address

  • Full Address: 18 Lanark Rd
  • Address - House Number: 18
  • Address - Street Name: Lanark
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C001
  • 4-Digit Zip Code: 3029
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,019,400

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 3,205,820
  • High Value: 3,763,979
  • Low Value: 2,647,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,637,000
  • Assessed Land Value: $1,050,000
  • Assessed Improvements Value: $1,587,000

    Sales

  • Current Sale Contract Date: Oct 18, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 143965
  • Previous Sale Recording Date: Dec 16, 2020
  • Previous Sale Contract Date: Dec 11, 2020
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: O
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

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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72729955

Frequently Asked Questions

When was property at 18 Lanark Road built and last sold?
The property at 18 Lanark Road was built in 1973 and last sold on Oct 18, 2021 for $3,065,000.
How much is this home worth?
The estimated value of the home located at 18 Lanark Road is $0.
What are some comparable homes to 18 Lanark Road?
There are currently no comparable homes to 18 Lanark Road.
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