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Wellesley 02482
271 Weston Rd
$680,000
● House - Off Market

271 Weston Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,497 Ft²
$738,564
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity to live in the prestigious Town of Wellesley.  271 Weston Road is a classic village colonial with warmth and charm, plenty of potential for expansion.   The spacious first floor features a formal living room with wood burning fireplace, formal dining room, eat in kitchen with door exiting to deck overlooking private backyard, a half bath and laundry.  Upstairs are three good sized bedrooms and a full bath.  Home features include gleaming hardwood floors throughout and an updated furnace (2017).  Great commuter location within walking distance to Harding Elementary School, playground, Morses Pond, shopping and quick access to routes 9 and 128.
Unit Size
1,497 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$468
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1916

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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 #73015416)

Price History

Date / Event Date Event Price
Sep 7, 2022 Sold
Premium
Sold
Jul 21, 2022 Listed by William Raveis Prime $699,900
Listed by William Raveis Prime

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 10,000
  • Total Building Area: 1,497
  • Building Area: 1,497
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,497
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:171 R:067 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3029
  • Longitude: -71.31

    Address

  • Full Address: 271 Weston Rd
  • Address - House Number: 271
  • Address - Street Name: Weston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C033
  • 4-Digit Zip Code: 4530
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $946,900

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,106,223
  • High Value: 1,277,554
  • Low Value: 934,892

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $827,000
  • Assessed Land Value: $757,000
  • Assessed Improvements Value: $70,000

    Sales

  • Current Sale Contract Date: Aug 31, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79302
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73015416

Frequently Asked Questions

When was property at 271 Weston Road built and last sold?
The property at 271 Weston Road was built in 1916 and last sold on Aug 31, 2022 for $680,000.
How much is this home worth?
The estimated value of the home located at 271 Weston Road is $721,573.
What are some comparable homes to 271 Weston Road?
There are currently no comparable homes to 271 Weston Road.
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