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Cochituate 01778
287 Old Connecticut Path
$650,000
● House - Off Market

287 Old Connecticut Path

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,144 Ft²
$4,347
Est. Monthly

About This Property

Opportunity is knocking, motivated sellers in Wayland for an end-user or developer to renovate or build your dream home on this large, private level lot. walking distance to Wayland HS .  This fixer-upper ranch style home has 3 bedroom, 1.5 bath has been in the same family for over 50+ years.  It features a lovely living and dining area with fireplace and hardwood floors under carpet and a full (partially finished) basement with outdoor access. Fantastic location, across from  Wayland High School, Wayland town beach and easy access to commuter Routes 128, 16 and 9.
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$612
Property Type
House
Property Taxes
$910
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #73172689)

Price History

Date / Event Date Event Price
Jan 12, 2024 Sold
Premium
Sold
Dec 2, 2023 In contract -
In contract
Nov 6, 2023 Relisted $699,900
Relisted
Oct 27, 2023 In contract -
In contract
Oct 20, 2023 Listed by Renaissance Realty $699,900
Listed by Renaissance Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 484
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,553
  • Total Building Area: 1,144
  • Gross Building Area: 3,180
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000931
  • 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: 366202

Zoning

  • Zoning: R20

Geography

  • Parcel: WAYL M:43A L:020
  • Lot: 20
  • Municipality: WAYLAND
  • Latitude: 42.3385
  • Longitude: -71.3717

    Address

  • Full Address: 287 Old Connecticut Path
  • Address - House Number: 287
  • Address - Street Name: Old Connecticut
  • Address - Suffix Type: Path
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3424
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 94
  • Final Value: 720,712
  • High Value: 776,557
  • Low Value: 664,867

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,000
  • Assessed Land Value: $426,100
  • Assessed Improvements Value: $229,900

    Sales

  • Current Sale Contract Date: Jan 11, 2024
  • Current Sale Recording Date: Jan 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 1950356
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:

$937,000

Sale Price/ft²

$462

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2564 ft²

Average Home Age

81.8 years

Currently For Sale

16 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: 5 months ago
Data Source: MLS PIN, MLS# 73172689

Frequently Asked Questions

When was property at 287 Old Connecticut Path built and last sold?
The property at 287 Old Connecticut Path was built in 1958 and last sold on Jan 11, 2024 for $650,000.
How much is this home worth?
The estimated value of the home located at 287 Old Connecticut Path is $695,935.
What are some comparable homes to 287 Old Connecticut Path?
There are currently no comparable homes to 287 Old Connecticut Path.
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