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Wellesley 02481
3 Monroe Road
$770,000
● House - Off Market

3 Monroe Road

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,895 Ft²
$1,676,946
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

Imagine a traditional Cape Cod exterior with a spacious open plan interior. Totally renovated in '05--on the first floor is a living room w/fireplace, large dining room w/french doors to a screened porch, updated kitchen w/breakfast bar, adjacent office and a master bedroom w/full bath. On the second floor are three bedrooms and a full bath. Outside is a two car attached garage and large yard w/beautiful gardens. Walk to elem. school. This house is discretely handicapped accessible.
Unit Size
1,895 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$416
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1950

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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 #71348131)

Price History

Date / Event Date Event Price
Apr 12, 2012 Sold
Premium
Sold
Mar 7, 2012 Listed by Prudential Town and Country $789,000
Listed by Prudential Town and Country
Feb 27, 2004 Sold
Premium
Sold
Sep 8, 2003 Listed by Prudential Town and Country $695,000
Listed by Prudential Town and Country

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 14,951
  • Total Building Area: 3,020
  • Building Area: 3,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000343
  • 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: 404100

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:024 R:064 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3075
  • Longitude: -71.25

    Address

  • Full Address: 3 Monroe Rd
  • Address - House Number: 3
  • Address - Street Name: Monroe
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C037
  • 4-Digit Zip Code: 5443
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,338,500

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,486,986
  • High Value: 1,740,885
  • Low Value: 1,233,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,169,000
  • Assessed Land Value: $864,000
  • Assessed Improvements Value: $305,000

    Sales

  • Current Sale Recording Date: Apr 12, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000004
  • Previous Sale Recording Date: Feb 27, 2004
  • Previous Sale Amount: $665,000
  • 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:

$2,172,500

Sale Price/ft²

$670

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4218 ft²

Average Home Age

51.3 years

Currently For Sale

58 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

Currently no nearby rentals
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71348131

Frequently Asked Questions

When was property at 3 Monroe Road built and last sold?
The property at 3 Monroe Road was built in 1950 and last sold on Jan 1, 1970 for $77,000.
How much is this home worth?
The estimated value of the home located at 3 Monroe Road is $772,957.
What are some comparable homes to 3 Monroe Road?
There are currently no comparable homes to 3 Monroe Road.
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