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Cochituate 01778
344 Commonwealth Rd
$1,049,000
● House - Off Market

344 Commonwealth Rd

Wayland, MA 01778
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,026 Ft²
$1,821,244
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Sparkling new center entrance colonial sited on picture perfect level lot, amid mature trees. Custom mill-work, quality kitchen cabinets, walnut stained oak flooring. . The chef's kitchen serves as hub, open to the formal dining room, the living room with central fireplace, to a breakfast room with patio doors inviting visits out to a private patio. Quality stainless Jenn-aire kitchen appliances, polished granite counter-tops and center granite-topped entertainment island. Oversize garage opens to mud room with built ins, seating and adjacent powder room.  Master bedroom has sitting area, custom tile shower, soaking tub, and walk-in closets with built ins. Second floor laundry. Ready for occupancy mid-July. DELAYED SHOWINGS: Showings start at the open house on July 12th from 1:00 to 3:30.
Unit Size
4,026 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$261
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
2014

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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 #71865870)

Price History

Date / Event Date Event Price
Aug 19, 2015 Sold
Premium
Sold
Jun 29, 2015 Listed by Coldwell Banker Residential Brokerage - Lincoln $1,049,000
Listed by Coldwell Banker Residential Brokerage - Lincoln
Jun 13, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,262
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,756
  • Total Building Area: 2,965
  • Gross Building Area: 5,183
  • Building Area: 2,965
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,965
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000660
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wayland School District
  • School Tax School District: WAYLAND SD
  • Census Tract: 366100

Zoning

  • Zoning: R20

Geography

  • Parcel: WAYL M:52 L:209
  • Lot: 209
  • Municipality: WAYLAND
  • Latitude: 42.3234
  • Longitude: -71.3518

    Address

  • Full Address: 344 Commonwealth Rd
  • Address - House Number: 344
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C005
  • 4-Digit Zip Code: 5006
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,136,500

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,623,572
  • High Value: 1,912,180
  • Low Value: 1,334,964

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,283,200
  • Assessed Land Value: $395,200
  • Assessed Improvements Value: $888,000

    Sales

  • Current Sale Recording Date: Aug 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139876
  • Previous Sale Recording Date: Jun 13, 2014
  • Previous Sale Amount: $269,000
  • 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 Cochituate

Stats & Trends

Median Asking:

$944,000

Sale Price/ft²

$460

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2624 ft²

Average Home Age

79.7 years

Currently For Sale

19 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# 71865870

Frequently Asked Questions

When was property at 344 Commonwealth Road built and last sold?
The property at 344 Commonwealth Road was built in 2014 and last sold on Jan 1, 1970 for $1,049,000.
How much is this home worth?
The estimated value of the home located at 344 Commonwealth Road is $1,059,702.
What are some comparable homes to 344 Commonwealth Road?
There are currently no comparable homes to 344 Commonwealth Road.
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