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Wellesley 02481
3 Beverly Road
$1,510,000
● House - Off Market

3 Beverly Road

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,174 Ft²
$1,205,933
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

This charming colonial located in the sought-after Bates neighborhood offers 8 rooms, 3 bedrooms, and 2 1/2 baths. The sun splashed first floor includes an open kitchen/family room with soaring ceilings, a formal dining room, expansive living room, and home office with direct access to the back patio. The second floor comprises three generous bedrooms and a full bath. The finished lower level is a perfect playroom or guest room, and is equipped with a full bath and lots of storage. The mature grounds have been well maintained and the fenced-in back yard is fantastic for entertaining.
Unit Size
2,174 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$547
Property Type
House
Property Taxes
$869
HOA Dues
-
Year Built
1935

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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 #72953629)

Price History

Date / Event Date Event Price
May 11, 2022 Sold
Premium
Sold
Mar 16, 2022 Listed by Coldwell Banker Realty - Wellesley $1,190,000
Listed by Coldwell Banker Realty - Wellesley

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 392
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 1,946
  • Building Area: 1,946
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,946
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 404301

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:180 R:130 S:
  • Municipality: WELLESLEY
  • Latitude: 42.312
  • Longitude: -71.3158

    Address

  • Full Address: 3 Beverly Rd
  • Address - House Number: 3
  • Address - Street Name: Beverly
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C025
  • 4-Digit Zip Code: 1121
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,337,400

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,630,800
  • High Value: 1,886,262
  • Low Value: 1,375,339

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,168,000
  • Assessed Land Value: $730,000
  • Assessed Improvements Value: $438,000

    Sales

  • Current Sale Contract Date: May 11, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41540
  • Previous Sale Recording Date: Dec 15, 2017
  • Previous Sale Document Type: 27
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

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4348 ft²

Average Home Age

50.1 years

Currently For Sale

59 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# 72953629

Frequently Asked Questions

When was property at 3 Beverly Road built and last sold?
The property at 3 Beverly Road was built in 1935 and last sold on May 11, 2022 for $1,510,000.
How much is this home worth?
The estimated value of the home located at 3 Beverly Road is $1,241,800.
What are some comparable homes to 3 Beverly Road?
There are currently no comparable homes to 3 Beverly Road.
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