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Wellesley 02482
23 Lexington Rd
Photo of 23 Lexington Rd
Sold on Apr 3, 2025

19

Map

Photo of 23 Lexington Rd
Photo of 23 Lexington Rd
$1,168,000
● House - Off Market

23 Lexington Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,488 Ft²
$7,021
Est. Monthly
3.95%
Cap Rate

About This Property

This property is still available to show while it is off market. Welcome to this storybook Cape in a favorite Wellesley neighborhood, ready for you to move right in! This tasteful and sun-splashed home features a spacious, recently renovated eat-in kitchen adjacent to a generous living room with a cozy fireplace. The kitchen provides easy access to a charming and private covered porch that overlooks the lush, fully fenced grounds. This delightful home boasts generous bedrooms and 2 updated full baths, with first- and second-floor options. Enjoy the beauty of hardwood floors throughout and ample closet space. Additionally, a one-car garage and plenty of extra parking are in the driveway. Located in a great commuter location, this home offers convenience and charm!
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$839
Property Type
House
Property Taxes
$888
HOA Dues
-
Year Built
1958

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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 #73287378)

Price History

Date / Event Date Event Price
Apr 3, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Feb 12, 2025 Relisted $1,249,000
Relisted
Dec 18, 2024 Withdrawn -
Withdrawn
Oct 19, 2024 Price Decreased $1,249,000
↓ $50K (3.9%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1989
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,095
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KING ST
  • Land Acres: 0000000232
  • 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:191 R:011 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3064
  • Longitude: -71.3189

    Address

  • Full Address: 23 Lexington Rd
  • Address - House Number: 23
  • Address - Street Name: Lexington
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C033
  • 4-Digit Zip Code: 2312
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $949,200

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,135,007
  • High Value: 1,310,796
  • Low Value: 959,218

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $829,000
  • Assessed Land Value: $727,000
  • Assessed Improvements Value: $102,000

    Sales

  • Current Sale Recording Date: Jan 07, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 16, 1991
  • Previous Sale Amount: $207,000
  • 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:

$2,149,500

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4381 ft²

Average Home Age

49.4 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73287378

Frequently Asked Questions

When was property at 23 Lexington Road built and last sold?
The property at 23 Lexington Road was built in 1958 and last sold on Jan 1, 1970 for $342,000.
How much is this home worth?
The estimated value of the home located at 23 Lexington Road is $0.
What are some comparable homes to 23 Lexington Road?
There are currently no comparable homes to 23 Lexington Road.
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