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Wellesley 02482
253 Weston Road
$685,000
● House - Off Market

253 Weston Road

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,588 Ft²
$1,219,508
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Come see this lovingly cared-for colonial farmhouse located within walking distance of downtown, Wellesley College, Morses Pond and Hardy School.  This solid 7room property includes hardwood floors throughout, new double pane windows, updated electric (200amp), 8-ft ceilings, roomy first floor living and dining areas, kitchen with a pantry.  On the second floor there are two bedrooms and office/nursery with another large bedroom on the private third floor.  Enjoy cocktailson the original wraparound porch and use the roomy 2-story barn as a garage and artist studio space.  Add your personal touch and call this charming classic "Home."
Unit Size
1,588 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$459
Property Type
House
Property Taxes
$735
HOA Dues
-
Year Built
1898

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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 #71914995)

Price History

Date / Event Date Event Price
Jun 27, 2016 Sold
Premium
Sold
Oct 5, 2015 Listed by Keller Williams Realty Boston-Metro | Back Bay $729,000
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1970
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,321
  • Total Building Area: 1,588
  • Building Area: 1,588
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,588
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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:101 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3024
  • Longitude: -71.3073

    Address

  • Full Address: 253 Weston Rd
  • Address - House Number: 253
  • Address - Street Name: Weston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C049
  • 4-Digit Zip Code: 4546
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,100,300

    Appraisal Valuation

  • Standard Deviation: 0.2189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,185,776
  • High Value: 1,445,431
  • Low Value: 926,121

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $961,000
  • Assessed Land Value: $776,000
  • Assessed Improvements Value: $185,000

    Sales

  • Current Sale Recording Date: Jun 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60272

    Financing

  • First Mortgage Financing Type: UNK
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:

$2,195,000

Sale Price/ft²

$670

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4171 ft²

Average Home Age

51.8 years

Currently For Sale

60 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: 4 months ago
Data Source: MLS PIN, MLS# 71914995

Frequently Asked Questions

When was property at 253 Weston Road built and last sold?
The property at 253 Weston Road was built in 1898 and last sold on Jan 1, 1970 for $685,000.
How much is this home worth?
The estimated value of the home located at 253 Weston Road is $750,097.
What are some comparable homes to 253 Weston Road?
There are currently no comparable homes to 253 Weston Road.
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