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Wellesley 02482
24 Larch Rd
$830,000
● House - Off Market

24 Larch Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,980 Ft²
$1,492,627
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

Set on a Knoll, this charming 3 bedroom 2½ bath Cape is in pristine condition. Granite kitchen, updated baths, gleaming hardwood floors. This home offers a formal living room with fireplace, an open floorplan including a large sun-filled family room with fireplace and dining area. A slate patio is surrounded by 0.24 acres of private professionally landscaped yard. A wonderful home in a most desirable location.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$429
Property Type
House
Property Taxes
$764
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: 4 months ago (MLSPIN #71878874)

Price History

Date / Event Date Event Price
Dec 8, 2015 Sold
Premium
Sold
Jul 24, 2015 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $849,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Nov 9, 2009 Sold
Premium
Sold
Apr 29, 2009 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $819,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Jul 7, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1987
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 10,318
  • Total Building Area: 2,046
  • Building Area: 2,046
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,046
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • 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:045 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3035
  • Longitude: -71.3045

    Address

  • Full Address: 24 Larch Rd
  • Address - House Number: 24
  • Address - Street Name: Larch
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C049
  • 4-Digit Zip Code: 4515
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,265,200

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,455,731
  • High Value: 1,708,983
  • Low Value: 1,202,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,105,000
  • Assessed Land Value: $802,000
  • Assessed Improvements Value: $303,000

    Sales

  • Current Sale Recording Date: Dec 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121988
  • Previous Sale Recording Date: Nov 09, 2009
  • Previous Sale Amount: $785,000
  • 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:

$2,150,000

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4348 ft²

Average Home Age

50.1 years

Currently For Sale

59 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: 4 months ago
Data Source: MLS PIN, MLS# 71878874

Frequently Asked Questions

When was property at 24 Larch Road built and last sold?
The property at 24 Larch Road was built in 1952 and last sold on Jan 1, 1970 for $830,000.
How much is this home worth?
The estimated value of the home located at 24 Larch Road is $879,234.
What are some comparable homes to 24 Larch Road?
There are currently no comparable homes to 24 Larch Road.
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