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Wellesley 02482
245 Weston Rd
$745,000
● House - Off Market

245 Weston Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,873 Ft²
$1,153,239
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Situated on an ideal fenced in large lot this quaint colonial offers a convenient commuting location to Boston, walking distance to restaurants and shopping located in Wellesley Center, Hardy Elementary school and Morse Pond. Freshly painted living room features wood beam ceilings and a cozy fireplace which leads you to the open air kitchen and dining room. Upstairs offers three bedrooms and a full bath plus a bonus room. Huge 3rd floor area could be a playroom or a studio. A full basement provides extra storage space. This home is a must see!
Unit Size
1,873 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$427
Property Type
House
Property Taxes
$702
HOA Dues
-
Year Built
1928

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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 #72427275)

Price History

Date / Event Date Event Price
Apr 4, 2019 Sold
Premium
Sold
Nov 27, 2018 Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave. $799,000
Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave.
Nov 7, 2012 Sold
Premium
Sold
Aug 22, 2012 Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave. $535,000
Listed by Benoit Mizner Simon & Co. - Needham - 936 Great Plain Ave.
Nov 30, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,550
  • Total Building Area: 1,575
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 81 PARK ST CONDO ESTA
  • Land Acres: 0000000242
  • 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:159 R:118 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3018
  • Longitude: -71.3063

    Address

  • Full Address: 245 Weston Rd
  • Address - House Number: 245
  • Address - Street Name: Weston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C049
  • 4-Digit Zip Code: 4525
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,005,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,169,049
  • High Value: 1,369,319
  • Low Value: 968,779

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $878,000
  • Assessed Land Value: $765,000
  • Assessed Improvements Value: $113,000

    Sales

  • Current Sale Contract Date: Apr 04, 2019
  • Current Sale Recording Date: Apr 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24425
  • Previous Sale Recording Date: Nov 07, 2012
  • Previous Sale Amount: $518,500
  • Previous Sale Document Type: O
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

$670

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4280 ft²

Average Home Age

52.9 years

Currently For Sale

56 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# 72427275

Frequently Asked Questions

When was property at 245 Weston Road built and last sold?
The property at 245 Weston Road was built in 1928 and last sold on Apr 4, 2019 for $745,000.
How much is this home worth?
The estimated value of the home located at 245 Weston Road is $825,885.
What are some comparable homes to 245 Weston Road?
There are currently no comparable homes to 245 Weston Road.
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