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Cochituate 01778
23 Rice Spring Lane
$555,000
● House - Off Market

23 Rice Spring Lane

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,088 Ft²
$1,232,835
RealtyHop Estimate
110.42%
Since May 1, 2003
MA-Boston
Primary Model

About This Property

UTTERLY CHARMING 3/4 BR CAPE NESTLED ON WOOD LOT,WALK TO HAPPY HOLLOW SCHOOL. FOR DR, FP LR, WOOD FLRS, 1ST FLR DEN/ 4TH BR(4 BR SEPTIC-'95.TITLE 5 DONE) SUBJECT TO SELLER CLOS- ING ON NEW HOME IN APRIL, 2003. TAXES-2002, ASSESSMENT-2003.
Unit Size
2,088 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$281
Property Type
House
Property Taxes
$518
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: 6 months ago (MLSPIN #30664094)

Price History

Date / Event Date Event Price
Apr 25, 2003 Sold
Premium
Sold
Nov 1, 2002 Listed by Brigham Realty, Inc. $585,900
Listed by Brigham Realty, Inc.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,272
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,000
  • Total Building Area: 3,254
  • Gross Building Area: 6,535
  • Building Area: 3,254
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,254
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODRIDGE 05
  • Land Acres: 0000000528
  • 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: 366202

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:43B L:014
  • Lot: 14
  • Municipality: WAYLAND
  • Latitude: 42.3389
  • Longitude: -71.365

    Address

  • Full Address: 23 Rice Spring Ln
  • Address - House Number: 23
  • Address - Street Name: Rice Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3515
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,048,900

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,474,115
  • High Value: 1,713,799
  • Low Value: 1,234,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,230,600
  • Assessed Land Value: $425,600
  • Assessed Improvements Value: $805,000

    Sales

  • Current Sale Recording Date: Apr 25, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1413
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:

$935,000

Sale Price/ft²

$455

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2677 ft²

Average Home Age

83.3 years

Currently For Sale

13 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# 30664094

Frequently Asked Questions

When was property at 23 Rice Spring Lane built and last sold?
The property at 23 Rice Spring Lane was built in 1952 and last sold on Jan 1, 1970 for $555,000.
How much is this home worth?
The estimated value of the home located at 23 Rice Spring Lane is $612,251.
What are some comparable homes to 23 Rice Spring Lane?
There are currently no comparable homes to 23 Rice Spring Lane.
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