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Wellesley 02482
2 Pinewood Rd
$1,150,000
● House - Off Market

2 Pinewood Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,182 Ft²
$1,238,697
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

4 bedroom & 2.5 bath colonial in Wellesley! Freshly painted and newly refinished hardwood floors. Family room with fireplace and deck access is adjacent to the kitchen. Updated first floor half bath with laundry hook up. Formal dining and living room complete the first floor. Master bedroom with walk in closet and en suite bath. Master also has access to space over 2 car garage perfect for future expansion.  3 additional bedrooms all similar in size. New carpets throughout 2nd floor. Large lower level playroom, cedar closet plus great storage space. Newer systems, brick walkway and granite front stairs. Easy access to major routes. Short distance to both Hardy and Sprague playground plus Linden street shopping and train. Open Sat 11-1. Sunday 11-12:30. Offers due Sunday @ 4pm.
Unit Size
2,182 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$481
Property Type
House
Property Taxes
$842
HOA Dues
-
Year Built
1974

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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 years ago (MLSPIN #72782081)

Price History

Date / Event Date Event Price
Apr 8, 2021 Sold
Premium
Sold
Feb 3, 2021 Listed by Gibson Sotheby's International Realty $1,050,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 16
  • 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: 10,950
  • Total Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • 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:148 R:023 S:A
  • Municipality: WELLESLEY
  • Latitude: 42.3052
  • Longitude: -71.3015

    Address

  • Full Address: 2 Pinewood Rd
  • Address - House Number: 2
  • Address - Street Name: Pinewood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C049
  • 4-Digit Zip Code: 4506
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,181,600

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,393,374
  • High Value: 1,632,073
  • Low Value: 1,154,674

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,032,000
  • Assessed Land Value: $811,000
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46519
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72782081

Frequently Asked Questions

When was property at 2 Pinewood Road built and last sold?
The property at 2 Pinewood Road was built in 1974 and last sold on Apr 8, 2021 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 2 Pinewood Road is $1,089,801.
What are some comparable homes to 2 Pinewood Road?
There are currently no comparable homes to 2 Pinewood Road.
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