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Wellesley 02482
3 Granite St
$800,000
● House - Off Market

3 Granite St

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,043 Ft²
$1,359,717
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Amazing opportunity in the well-loved College Heights neighborhood!  First time on the market in 55 years, this 3 bedroom 3 bath home has all the right rooms in the right places just waiting for you to bring it "up to snuff." Updated kitchen with granite countertops adjacent to family room with French doors leading to a private patio and once glorious gardens.  There is a deck off the master suite which gives access to a potential office or studio over the garage. Come create your dream house. Property being sold "as is." Please submit any offers by noon, Monday, July 14th.
Unit Size
2,043 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$367
Property Type
House
Property Taxes
$677
HOA Dues
-
Year Built
1925

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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 #71710763)

Price History

Date / Event Date Event Price
Jul 30, 2014 Sold
Premium
Sold
Jul 9, 2014 Listed by Rutledge Properties $750,000
Listed by Rutledge Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1965
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,902
  • Total Building Area: 3,630
  • Building Area: 3,630
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,630
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:149 R:060 S:
  • Municipality: WELLESLEY
  • Latitude: 42.301
  • Longitude: -71.3015

    Address

  • Full Address: 3 Granite St
  • Address - House Number: 3
  • Address - Street Name: Granite
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4605
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,309,900

    Appraisal Valuation

  • Standard Deviation: 0.1541
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,479,560
  • High Value: 1,707,580
  • Low Value: 1,251,539

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,144,000
  • Assessed Land Value: $778,000
  • Assessed Improvements Value: $366,000

    Sales

  • Current Sale Recording Date: Jul 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63288

    Financing

  • First Mortgage Financing Type: UNK
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

4280 ft²

Average Home Age

52.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71710763

Frequently Asked Questions

When was property at 3 Granite Street built and last sold?
The property at 3 Granite Street was built in 1925 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 3 Granite Street is $794,284.
What are some comparable homes to 3 Granite Street?
There are currently no comparable homes to 3 Granite Street.
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