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Cochituate 01778
383 Commonwealth Road
$515,000
● House - Off Market

383 Commonwealth Road

Wayland, MA 01778
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,026 Ft²
$781,894
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

Wonderful opportunity to get into Wayland at an affordable price. This 7 room 4 bedroom 2 bath colonial sits on 2.5 acres and is awaiting your personal touches. There are good size rooms with wood floors throughout along with a first floor master bedroom or family room depending on your needs. The rear porch is enclosed and heated for additional living space and the barn could by a great hobby area or workshop. There is an expansive level yard. If you have the energy and vision this could be a gem.  Brand new septic system has just been installed.
Unit Size
2,026 Ft²
Days on Market
-
Land Size
2.51 acres
Price per sqft
$262
Property Type
House
Property Taxes
$840
HOA Dues
-
Year Built
1900

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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 #72430225)

Price History

Date / Event Date Event Price
Feb 15, 2019 Sold
Premium
Sold
Dec 5, 2018 Listed by Realty Executives $529,900
Listed by Realty Executives

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 740
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 109,223
  • Total Building Area: 2,103
  • Gross Building Area: 3,107
  • Building Area: 2,103
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,103
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002507
  • 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: R30

Geography

  • Parcel: WAYL M:52 L:151
  • Lot: 151
  • Municipality: WAYLAND
  • Latitude: 42.324
  • Longitude: -71.3459

    Address

  • Full Address: 383 Commonwealth Rd
  • Address - House Number: 383
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C016
  • 4-Digit Zip Code: 5115
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,182,300

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 853,227
  • High Value: 986,490
  • Low Value: 719,964

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $710,100
  • Assessed Land Value: $482,300
  • Assessed Improvements Value: $227,800

    Sales

  • Current Sale Contract Date: Jan 21, 2019
  • Current Sale Recording Date: Feb 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19688
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:

$949,000

Sale Price/ft²

$457

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2683 ft²

Average Home Age

80.8 years

Currently For Sale

17 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 months ago
Data Source: MLS PIN, MLS# 72430225

Frequently Asked Questions

When was property at 383 Commonwealth Road built and last sold?
The property at 383 Commonwealth Road was built in 1900 and last sold on Jan 21, 2019 for $515,000.
How much is this home worth?
The estimated value of the home located at 383 Commonwealth Road is $555,203.
What are some comparable homes to 383 Commonwealth Road?
There are currently no comparable homes to 383 Commonwealth Road.
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