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Wellesley 02482
36 Summit Rd
$1,650,000
● House - Off Market

36 Summit Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$1,390,702
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Sun streams into this 7 room, 3 bedroom 1936 Colonial in coveted College Heights walk-to-everything neighborhood. This traditional center entrance floor plan has everything you're looking for: well-proportioned rooms, hardwood floors, period details and a professionally landscaped yard that make this home irresistible! This home has been meticulously maintained with an expanded entry area and eating area; 2017 roof; 2-zones of central air; recently painted; new deck and insulation. Come fall in love!
Unit Size
1,864 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$724
Property Type
House
Property Taxes
$1,105
HOA Dues
-
Year Built
1936

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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 #73074499)

Price History

Date / Event Date Event Price
Mar 13, 2023 Sold
Premium
Sold
Feb 3, 2023 In contract -
In contract
Jan 30, 2023 Listed by Rutledge Properties $1,350,000
Listed by Rutledge Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 2017
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,746
  • Total Building Area: 1,864
  • Building Area: 1,864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000339
  • 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: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:136 R:022 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3005
  • Longitude: -71.3002

    Address

  • Full Address: 36 Summit Rd
  • Address - House Number: 36
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4641
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,440,400

    Appraisal Valuation

  • Standard Deviation: 0.1565
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,691,559
  • High Value: 1,956,386
  • Low Value: 1,426,732

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,258,000
  • Assessed Land Value: $861,000
  • Assessed Improvements Value: $397,000

    Sales

  • Current Sale Contract Date: Mar 13, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1518253

    Financing

  • First Mortgage Financing Type: ADJ
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: 4 months ago
Data Source: MLS PIN, MLS# 73074499

Frequently Asked Questions

When was property at 36 Summit Road built and last sold?
The property at 36 Summit Road was built in 1936 and last sold on Mar 13, 2023 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 36 Summit Road is $1,385,862.
What are some comparable homes to 36 Summit Road?
There are currently no comparable homes to 36 Summit Road.
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