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Cochituate 01778
2 Lawrence Rd
$389,000
● House - Off Market

2 Lawrence Rd

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,216 Ft²
$674,895
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Fabulous neighborhood location.  Here is your opportunity to get into Wayland with it's highly regarded schools at a great price.  This home has been loved & well maintained by it's original owners. Renovate or live in as is...Simple one-floor living! It is the perfect starter home or condo alternative. Living room with fireplace, kitchen with breakfast area & large family room. Wonderful level lot on cul de sac. Plenty of storage in oversized 1 car garage, attic and shed.  Enjoy neighborhood block parties, baseball games on the nearby field & sunsets to the west.  Walking distance to Wayland town beach, shopping, restaurants & school. Convenient location for commuting (near RT 30,27, MA Pike) & 10min to Wellesley or Weston Ctrs.
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$320
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1952

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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 #71849805)

Price History

Date / Event Date Event Price
Jul 17, 2015 Sold
Premium
Sold
Jun 3, 2015 Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd. $389,000
Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,329
  • Total Building Area: 1,612
  • Gross Building Area: 1,672
  • Building Area: 1,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wayland School District
  • School Tax School District: WAYLAND SD
  • Census Tract: 366100

Zoning

  • Zoning: R20

Geography

  • Parcel: WAYL M:51B L:005
  • Lot: 5
  • Municipality: WAYLAND
  • Latitude: 42.324
  • Longitude: -71.3595

    Address

  • Full Address: 2 Lawrence Rd
  • Address - House Number: 2
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 4502
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $959,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 743,151
  • High Value: 877,877
  • Low Value: 608,425

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,400
  • Assessed Land Value: $339,100
  • Assessed Improvements Value: $237,300

    Sales

  • Current Sale Recording Date: Jul 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116378
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 Cochituate

Stats & Trends

Median Asking:

$949,000

Sale Price/ft²

$457

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2683 ft²

Average Home Age

80.8 years

Currently For Sale

17 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# 71849805

Frequently Asked Questions

When was property at 2 Lawrence Road built and last sold?
The property at 2 Lawrence Road was built in 1952 and last sold on Jan 1, 1970 for $389,000.
How much is this home worth?
The estimated value of the home located at 2 Lawrence Road is $401,699.
What are some comparable homes to 2 Lawrence Road?
There are currently no comparable homes to 2 Lawrence Road.
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