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Wellesley 02482
38 Sterling Road
$1,300,000
● House - Off Market

38 Sterling Road

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,616 Ft²
$2,136,525
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Classic Center Entrance Colonial brimming with charm inside and out, located in popular Dana Hall neighborhood. The fresh young decor of the living room and dining room are perfect to enjoy everyday. The updated kitchen has stainless steel appliances, granite counter tops with seating at the breakfast bar. All 4 bedrooms and 3 full baths on the second floor, including a master bedroom suite. The finished lower level has a carpeted playroom and plenty of storage. Spacious outside deck overlooks the large beautiful fenced-in play yard. There are updates you will appreciate such as several new windows, heating system, AC and more. A short distance to town center, schools and train. Come fall in love, we will have you at the window boxes!
Unit Size
2,616 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$497
Property Type
House
Property Taxes
$1,005
HOA Dues
-
Year Built
1938

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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 #72074321)

Price History

Date / Event Date Event Price
Dec 6, 2016 Sold
Premium
Sold
Sep 28, 2016 Listed by Rutledge Properties $1,300,000
Listed by Rutledge Properties
Jun 27, 2008 Sold
Premium
Sold
Mar 26, 2008 Listed by Rutledge Properties $1,199,000
Listed by Rutledge Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,032
  • Total Building Area: 2,178
  • Building Area: 2,178
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,178
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000345
  • 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: 404400

Zoning

  • Zoning: SR20

Geography

  • Parcel: WELL M:090 R:054 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2923
  • Longitude: -71.2831

    Address

  • Full Address: 38 Sterling Rd
  • Address - House Number: 38
  • Address - Street Name: Sterling
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C045
  • 4-Digit Zip Code: 7014
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,536,600

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,812,394
  • High Value: 2,122,876
  • Low Value: 1,501,913

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,342,000
  • Assessed Land Value: $937,000
  • Assessed Improvements Value: $405,000

    Sales

  • Current Sale Recording Date: Dec 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126952
  • Previous Sale Recording Date: Jun 27, 2008
  • Previous Sale Amount: $1,133,000
  • Previous 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 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# 72074321

Frequently Asked Questions

When was property at 38 Sterling Road built and last sold?
The property at 38 Sterling Road was built in 1938 and last sold on Jan 1, 1970 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 38 Sterling Road is $1,328,426.
What are some comparable homes to 38 Sterling Road?
There are currently no comparable homes to 38 Sterling Road.
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