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Wellesley 02481
32 Cranmore Road
$1,300,000
● House - Off Market

32 Cranmore Road

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,840 Ft²
$2,027,936
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Elegant, brick-front, Colonial-style residence, was built in 1985. House is set back, above street, with a circular drive. The 20,000+ square foot, conforming lot, is in sought after Peirce Estates. Flexible floor plan can accommodate both casual living & formal entertaining. The well proportioned rooms are spacious, feature architectural detail, and ample storage. Rear of house overlooks tranquil wooded views. There is potential for both a 1st flr master suite, and a lower level guest/in-law suite. Opportunity to renovate and/or build in a top Wellesley Hills location.
Unit Size
5,840 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$240
Property Type
House
Property Taxes
$1,341
HOA Dues
-
Year Built
2019

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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 #72441618)

Price History

Date / Event Date Event Price
May 26, 2020 Sold
Premium
Sold
Mar 14, 2019 Sold
Premium
Sold
Jan 16, 2019 Listed by Coldwell Banker Residential Brokerage - Boston - Back Bay $1,399,000
Listed by Coldwell Banker Residential Brokerage - Boston - Back Bay

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • 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: 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: 20,185
  • Total Building Area: 5,069
  • Building Area: 5,069
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,069
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000463
  • 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: SR20

Geography

  • Parcel: WELL M:132 R:006 S:M
  • Municipality: WELLESLEY
  • Latitude: 42.3163
  • Longitude: -71.2975

    Address

  • Full Address: 32 Cranmore Rd
  • Address - House Number: 32
  • Address - Street Name: Cranmore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C034
  • 4-Digit Zip Code: 1329
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,435,700

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 5,247,315
  • High Value: 6,116,871
  • Low Value: 4,377,758

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,874,000
  • Assessed Land Value: $1,194,000
  • Assessed Improvements Value: $2,680,000

    Sales

  • Current Sale Contract Date: Mar 31, 2020
  • Current Sale Recording Date: May 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47765
  • Previous Sale Recording Date: Mar 14, 2019
  • Previous Sale Contract Date: Mar 14, 2019
  • Previous Sale Amount: $1,300,000
  • 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 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72441618

Frequently Asked Questions

When was property at 32 Cranmore Road built and last sold?
The property at 32 Cranmore Road was built in 2019 and last sold on Mar 31, 2020 for $3,640,000.
How much is this home worth?
The estimated value of the home located at 32 Cranmore Road is $1,406,576.
What are some comparable homes to 32 Cranmore Road?
There are currently no comparable homes to 32 Cranmore Road.
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