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Cochituate 01778
264 Commonwealth Rd
$405,000
● House - Off Market

264 Commonwealth Rd

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$538,056
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Bring your contractor and creativity! There is so much potential in this full walk-out basement, 3 bedroom, 1.5 bath ranch with garage on .48 acres in a convenient South Wayland location. Great walkability, less than a 1/2 mile from all the conveniences: post office, bank, grocery store, restaurants, playgrounds, and Lake Cochituate. Convenient commuting location. Newer roof, furnace, windows, and hardwoods throughout, with some cosmetic updates you'll have a great starter home or perfect for someone looking to downsize. Excellent opportunity to get into a great community, within walking distance to Wayland's top-rated schools!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$384
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
1959

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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 #72666544)

Price History

Date / Event Date Event Price
Jul 27, 2020 Sold
Premium
Sold
Jun 3, 2020 Listed by Senne Residential $399,000
Listed by Senne Residential

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 754
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,055
  • Total Building Area: 1,040
  • Gross Building Area: 2,197
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000483
  • 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: 366100

Zoning

  • Zoning: R20

Geography

  • Parcel: WAYL M:52 L:172
  • Lot: 172
  • Municipality: WAYLAND
  • Latitude: 42.3215
  • Longitude: -71.3569

    Address

  • Full Address: 264 Commonwealth Rd
  • Address - House Number: 264
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C017
  • 4-Digit Zip Code: 5026
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $948,100

    Appraisal Valuation

  • Standard Deviation: 0.1867
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 682,483
  • High Value: 809,960
  • Low Value: 555,006

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $569,400
  • Assessed Land Value: $367,600
  • Assessed Improvements Value: $201,800

    Sales

  • Current Sale Contract Date: Jul 16, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122616
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:

$944,000

Sale Price/ft²

$460

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2624 ft²

Average Home Age

79.7 years

Currently For Sale

19 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# 72666544

Frequently Asked Questions

When was property at 264 Commonwealth Road built and last sold?
The property at 264 Commonwealth Road was built in 1959 and last sold on Jul 16, 2020 for $405,000.
How much is this home worth?
The estimated value of the home located at 264 Commonwealth Road is $407,690.
What are some comparable homes to 264 Commonwealth Road?
There are currently no comparable homes to 264 Commonwealth Road.
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