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Wellesley 02482
3 Colby Rd
$2,257,000
● House - Off Market

3 Colby Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,161 Ft²
$1,992,834
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Spectacular and pristine, 2017 4 bedroom Colonial. Abundance of natural light, high ceilings, tall windows, hardwood floors and extensive millwork. Gourmet kitchen (wolf range, subzero, wetbar) with large island open to dining w glass sliders adjacent to living room centered on the wood burning fireplace. First floor office, half bath, mudroom w great organization and 2 car attached garage. Second floor primary ensuite w large walk in closet, accompanied by one ensuite bedroom and 2 additional bedrooms with hall bath and laundry room. Third floor offers a second home office and entertainment area. Finished lower level with game/tv room, separate exercise/gym and organized storage area. Side yard with bluestone patio, stone fire pit and views of backyard stream. Perfectly move-in ready.
Unit Size
3,161 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$632
Property Type
House
Property Taxes
$1,426
HOA Dues
-
Year Built
2017

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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 #73103477)

Price History

Date / Event Date Event Price
Jul 6, 2023 Sold
Premium
Sold
May 1, 2023 In contract -
In contract
Apr 26, 2023 Listed by Compass $1,998,000
Listed by Compass
Jul 25, 2014 Sold
Premium
Sold
Apr 24, 2014 Listed by Compass $820,000
Listed by Compass
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • 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: 300
  • 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: 11,492
  • Total Building Area: 3,161
  • Building Area: 3,161
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,161
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000264
  • 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:198 R:110 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3106
  • Longitude: -71.3252

    Address

  • Full Address: 3 Colby Rd
  • Address - House Number: 3
  • Address - Street Name: Colby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C026
  • 4-Digit Zip Code: 1039
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,710,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,174,098
  • High Value: 2,550,903
  • Low Value: 1,797,294

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,494,000
  • Assessed Land Value: $785,000
  • Assessed Improvements Value: $709,000

    Sales

  • Current Sale Contract Date: Jun 07, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42572
  • Previous Sale Recording Date: Jul 25, 2014
  • Previous Sale Amount: $805,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

4244 ft²

Average Home Age

53.4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73103477

Frequently Asked Questions

When was property at 3 Colby Road built and last sold?
The property at 3 Colby Road was built in 2017 and last sold on Jun 7, 2023 for $2,257,000.
How much is this home worth?
The estimated value of the home located at 3 Colby Road is $2,030,591.
What are some comparable homes to 3 Colby Road?
There are currently no comparable homes to 3 Colby Road.
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