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Wellesley 02481
23 Salem Rd
Photo of 23 Salem Rd
Sold on Jun 30, 2005

1

Map

$1,545,000
● House - Off Market

23 Salem Rd

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,769 Ft²
$2,948,055
RealtyHop Estimate
76.00%
Since Jul 1, 2005
MA-Boston
Primary Model

About This Property

Wellesley Hills. Spectacular Currier and Ives setting for this handsome Paul Revere Reproduction of a  5 bedroom Colonial in prestigious Pierce Estates. Spacious rooms lend themselves to easy expansion within interior footprint. Generous kitchen w/pennisula. Large living room w/fireplace, large dining room w/access to 3-season porch, charming first floor den w/fireplace. 5 "real" bedrooms on second floor, finished playroom in LL w/fireplace. 2-car garage. Bates School district.
Unit Size
3,769 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$444
Property Type
House
Property Taxes
$1,049
HOA Dues
-
Year Built
1963

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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 #70154318)

Price History

Date / Event Date Event Price
Jun 30, 2005 Sold
Premium
Sold
Mar 7, 2005 Listed $1,675,000
Listed

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 625
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,061
  • Total Building Area: 3,450
  • Building Area: 3,450
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000736
  • 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: SR20

Geography

  • Parcel: WELL M:144 R:015 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3195
  • Longitude: -71.3037

    Address

  • Full Address: 23 Salem Rd
  • Address - House Number: 23
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C034
  • 4-Digit Zip Code: 1253
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,290,000

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,671,569
  • High Value: 3,085,339
  • Low Value: 2,257,799

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,000,000
  • Assessed Land Value: $1,368,000
  • Assessed Improvements Value: $632,000

    Sales

  • Current Sale Recording Date: Jun 30, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 132301
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:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4181 ft²

Average Home Age

47.6 years

Currently For Sale

50 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70154318

Frequently Asked Questions

When was property at 23 Salem Road built and last sold?
The property at 23 Salem Road was built in 1963 and last sold on Jan 1, 1970 for $1,545,000.
How much is this home worth?
The estimated value of the home located at 23 Salem Road is $1,682,499.
What are some comparable homes to 23 Salem Road?
There are currently no comparable homes to 23 Salem Road.
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