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Wellesley 02481
31 Bancroft
Photo of 31 Bancroft
Sold on Jun 30, 2025

23

Map

Photo of 31 Bancroft
Photo of 31 Bancroft
$1,300,000
● House - Off Market

31 Bancroft

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,601 Ft²
$8,582
Est. Monthly
3.83%
Cap Rate

About This Property

Nestled in the heart of picturesque Wellesley Hills, this classic Colonial offers timeless charm and exceptional potential. Set on a generous 19,000+sqft lot with mature landscaping and a peaceful neighborhood feel, this home presents a rare opportunity to restore and reimagine a beloved gem or create a new home in a commuters dream location. Close to highways and a quick walk to Wellesley Farms Commuter Rail. This home 4 + bedroom home features well-proportioned rooms, original hardwood floors, and traditional millwork, the layout lends itself beautifully to both preservation and thoughtful updates. Whether you're looking to renovate or expand, the solid bones and unbeatable location make this a truly worthwhile investment.
Unit Size
2,601 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$576
Property Type
House
Property Taxes
$1,221
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MLSPIN #73371534)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
May 17, 2025 In contract -
In contract
May 7, 2025 Listed $1,499,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • 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: 5
  • 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: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,346
  • Total Building Area: 2,496
  • Building Area: 2,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000444
  • 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: SR10

Geography

  • Parcel: WELL M:044 R:044 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3155
  • Longitude: -71.264

    Address

  • Full Address: 31 Bancroft Rd
  • Address - House Number: 31
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C009
  • 4-Digit Zip Code: 5215
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,406,100

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,589,674
  • High Value: 1,835,881
  • Low Value: 1,343,467

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,228,000
  • Assessed Land Value: $1,023,000
  • Assessed Improvements Value: $205,000
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

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

Rentals Near You

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73371534

Frequently Asked Questions

When was property at 31 Bancroft Road built and last sold?
The property at 31 Bancroft Road was built in 1927 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 31 Bancroft Road is $0.
What are some comparable homes to 31 Bancroft Road?
There are currently no comparable homes to 31 Bancroft Road.
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