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Cochituate 01778
3 Chestnut Road
$610,000
● House - Off Market

3 Chestnut Road

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$1,183,872
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Special offering New Construction in an established Wayland neighborhood.*****Just complete and ready for immediate occupancy *****Beautiful open floor plan feels contemporary yet warm with finish detail such as two piece crown moldings,stained oak hardwood flooring on first floor and natural oak hardwood flooring up. and Marble and tile baths.Kitchen cabinets are maple, painted  a rich buttercream and are complimented by stainless steel appliances offset by honed absolute black granite counters. These custom features are similar to materials used in some of this builder's much higher end new construction properties.A bonus feature: this home meets stretch energy code . Enjoy scenic views and tranquil setting. Please see attached document detailing all construction specifications.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$309
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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 #71674453)

Price History

Date / Event Date Event Price
Dec 18, 2014 Sold
Premium
Sold
May 2, 2014 Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd. $649,900
Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd.
Mar 4, 2014 Sold
Premium
Sold
Oct 4, 2013 Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd. $169,000
Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,026
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,475
  • Total Building Area: 2,208
  • Gross Building Area: 3,534
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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:46B L:046
  • Lot: 46
  • Municipality: WAYLAND
  • Latitude: 42.3314
  • Longitude: -71.3753

    Address

  • Full Address: 3 Chestnut Rd
  • Address - House Number: 3
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C006
  • 4-Digit Zip Code: 4003
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,261,200

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 982,154
  • High Value: 1,103,683
  • Low Value: 860,624

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $757,500
  • Assessed Land Value: $293,600
  • Assessed Improvements Value: $463,900

    Sales

  • Current Sale Recording Date: Dec 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 195312
  • Previous Sale Recording Date: Mar 04, 2014
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: O
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

$457

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71674453

Frequently Asked Questions

When was property at 3 Chestnut Road built and last sold?
The property at 3 Chestnut Road was built in 2014 and last sold on Jan 1, 1970 for $610,000.
How much is this home worth?
The estimated value of the home located at 3 Chestnut Road is $670,342.
What are some comparable homes to 3 Chestnut Road?
There are currently no comparable homes to 3 Chestnut Road.
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