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Wellesley 02481
2 Monroe Road
$1,240,000
● House - Off Market

2 Monroe Road

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,531 Ft²
$1,777,377
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Welcome home to this incredible colonial in sought after Wellesley! First floor features beautiful fireplaced living room with French doors to a terraced patio and a spiral staircase to an en-suite master bedroom. Dining room with large bay window opens to custom kitchen with granite counter tops, upgraded cabinets, chef's stove, and room for dining.  Additionally, first floor features custom wooded den with built-in book cases and overlooks the backyard. Second floor offers 3 bedrooms and 2 baths including second master bedroom with en-suite bath. Partially finished basement with custom built-ins is perfect for watching tv. The private fenced in back yard is ideal for entertaining, relaxing or gardening. This property is perfect for anyone looking for a home that will last a lifetime.
Unit Size
2,531 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$474
Property Type
House
Property Taxes
$1,119
HOA Dues
-
Year Built
1938

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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: 5 months ago (MLSPIN #72320306)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
May 3, 2018 Listed by Keller Williams Realty $1,200,000
Listed by Keller Williams Realty
May 1, 2007 Sold
Premium
Sold
Feb 12, 2007 Listed by Keller Williams Realty $1,185,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 20,930
  • Total Building Area: 2,541
  • Building Area: 2,541
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,541
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000480
  • 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:024 R:059 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3079
  • Longitude: -71.25

    Address

  • Full Address: 2 Monroe Rd
  • Address - House Number: 2
  • Address - Street Name: Monroe
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C037
  • 4-Digit Zip Code: 5444
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,701,500

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,815,240
  • High Value: 2,093,756
  • Low Value: 1,536,724

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,486,000
  • Assessed Land Value: $1,021,000
  • Assessed Improvements Value: $465,000

    Sales

  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55618
  • Previous Sale Recording Date: May 01, 2007
  • Previous Sale Amount: $1,145,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

66

Average Home Size

4133 ft²

Average Home Age

49.5 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72320306

Frequently Asked Questions

When was property at 2 Monroe Road built and last sold?
The property at 2 Monroe Road was built in 1938 and last sold on Jan 1, 1970 for $1,240,000.
How much is this home worth?
The estimated value of the home located at 2 Monroe Road is $1,233,282.
What are some comparable homes to 2 Monroe Road?
There are currently no comparable homes to 2 Monroe Road.
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