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Middlesex 01778
280 Concord Road
$641,000
● House - Off Market

280 Concord Road

Wayland, MA 01778
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$625,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Don't miss your chance to restore this beautiful property in Wayland, owned by the one family for over 60 years!  Set back from the road, measuring at almost an acre of land is this expanded Cape style home featuring 4 bedrooms and two full baths.  First floor highlights hardwood floors throughout and a lovely living room with cozy fireplace.  Separate dining area is adjacent to large kitchen and screened porch.  First floor bedroom borders a full bath with shower and tub combo.  Second floor features three more bedrooms and another full bath with shower/tub combo.  Newer boiler (2020) and electrical panel and windows! Centrally located abutting Lincoln and Sudbury, this home has surrounding farmlands, while still being in close proximity to major highways and shopping.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$382
Property Type
House
Property Taxes
$957
HOA Dues
-
Year Built
1963

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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 #73170158)

Price History

Date / Event Date Event Price
Nov 28, 2023 Sold
Premium
Sold
Oct 18, 2023 In contract -
In contract
Oct 13, 2023 Listed by Realty Executives Boston West $625,000
Listed by Realty Executives Boston West

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,437
  • Total Building Area: 1,638
  • Gross Building Area: 2,990
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000905
  • 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: 366201

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:04 L:004
  • Lot: 4
  • Municipality: WAYLAND
  • Latitude: 42.399
  • Longitude: -71.3484

    Address

  • Full Address: 280 Concord Rd
  • Address - House Number: 280
  • Address - Street Name: Concord
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C001
  • 4-Digit Zip Code: 1118
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,147,900

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 641,136
  • High Value: 690,815
  • Low Value: 591,457

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $689,400
  • Assessed Land Value: $423,800
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Contract Date: Nov 28, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 135776
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 Middlesex

Stats & Trends

Median Asking:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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# 73170158

Frequently Asked Questions

When was property at 280 Concord Road built and last sold?
The property at 280 Concord Road was built in 1963 and last sold on Nov 28, 2023 for $641,000.
How much is this home worth?
The estimated value of the home located at 280 Concord Road is $638,958.
What are some comparable homes to 280 Concord Road?
There are currently no comparable homes to 280 Concord Road.
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