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Cochituate 01778
36 Rice Spring Lane
$305,000
● House - Off Market

36 Rice Spring Lane

Wayland, MA 01778
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
$1,019,941
RealtyHop Estimate
210.01%
Since Apr 1, 2000
MA-Boston
Primary Model

About This Property

CLASSIC CAPE ON LOVELY WOODED LOT IN GREAT FAMILY NEIGHBORHD CONNECTING BREEZEWAY FROM GARAGE TO KITCHEN. 6 YR. OLD ROOF TITLE V CERTIFICATE FOR 3 BEDROOMS.  TO BE SOLD "AS IS". SUBJECT TO LICENSE TO SELL.
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1950

Payment Calculator

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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 years ago (MLSPIN #30378936)

Price History

Date / Event Date Event Price
Apr 3, 2000 Sold
Premium
Sold
Jan 14, 2000 Listed by Rutledge Properties $329,000
Listed by Rutledge Properties

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 7
  • Basement Area: 1,024
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,290
  • Total Building Area: 3,036
  • Gross Building Area: 5,336
  • Building Area: 3,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,036
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000558
  • 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: 366202

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:38 L:127
  • Lot: 127
  • Municipality: WAYLAND
  • Latitude: 42.3393
  • Longitude: -71.3668

    Address

  • Full Address: 36 Rice Spring Ln
  • Address - House Number: 36
  • Address - Street Name: Rice Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3516
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,701,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,182,235
  • High Value: 1,390,571
  • Low Value: 973,899

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,021,700
  • Assessed Land Value: $430,900
  • Assessed Improvements Value: $590,800

    Sales

  • Current Sale Recording Date: Apr 03, 2000
  • Current Sale Price:
    Premium
  • Current 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 Cochituate

Stats & Trends

Median Asking:

$937,000

Sale Price/ft²

$455

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2833 ft²

Average Home Age

77.4 years

Currently For Sale

14 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 years ago
Data Source: MLS PIN, MLS# 30378936

Frequently Asked Questions

When was property at 36 Rice Spring Lane built and last sold?
The property at 36 Rice Spring Lane was built in 1950 and last sold on Jan 1, 1970 for $305,000.
How much is this home worth?
The estimated value of the home located at 36 Rice Spring Lane is $0.
What are some comparable homes to 36 Rice Spring Lane?
There are currently no comparable homes to 36 Rice Spring Lane.
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