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Wellesley 02481
18 Louis Dr
$895,000
● House - Off Market

18 Louis Dr

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,408 Ft²
$1,565,487
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

One of a kind renovated farmhouse on quiet little circle in the popular Bates School area. The original 1908 farmhouse was renovated while preserving much of the original Craftsman detail. Great blend of old and new with the open concept living and dining room contrasting with the family room's Craftsman style fireplace, and the office stonework. Large private deck. A flexible bedroom layout with the fourth bedroom located on the first floor. Central air. Huge walk-in attic on second floor presents interesting expansion possibilities. Beautiful and quiet cul de sac where kids can play games outside in the circle!
Unit Size
2,408 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$373
Property Type
House
Property Taxes
$880
HOA Dues
-
Year Built
1908

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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: 6 months ago (MLSPIN #71822476)

Price History

Date / Event Date Event Price
Jun 15, 2015 Sold
Premium
Sold
Apr 23, 2015 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $899,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate
Jul 31, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1980
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 15,474
  • Total Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000355
  • 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: 404301

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:179 R:059 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3154
  • Longitude: -71.3159

    Address

  • Full Address: 18 Louis Dr
  • Address - House Number: 18
  • Address - Street Name: Louis
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C025
  • 4-Digit Zip Code: 1163
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,256,100

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,561,467
  • High Value: 1,828,084
  • Low Value: 1,294,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,097,000
  • Assessed Land Value: $841,000
  • Assessed Improvements Value: $256,000

    Sales

  • Current Sale Recording Date: Jun 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53046
  • Previous Sale Recording Date: Jul 31, 1996
  • Previous Sale Amount: $390,000
  • 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:

$2,195,000

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4056 ft²

Average Home Age

46 years

Currently For Sale

49 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: 6 months ago
Data Source: MLS PIN, MLS# 71822476

Frequently Asked Questions

When was property at 18 Louis Drive built and last sold?
The property at 18 Louis Drive was built in 1908 and last sold on Jan 1, 1970 for $895,000.
How much is this home worth?
The estimated value of the home located at 18 Louis Drive is $943,584.
What are some comparable homes to 18 Louis Drive?
There are currently no comparable homes to 18 Louis Drive.
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