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Wellesley 02481
4 Framar Rd
$1,100,000
● House - Off Market

4 Framar Rd

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,643 Ft²
$1,682,629
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Classic colonial located in desirable County Club neighborhood welcomes you with its charming portico, high ceilings and period details throughout. Lovingly maintained and expanded, this home offers spacious fireplaced livingroom which leads to bright sunroom with walls of windows, perfect for a den or home office. Generous formal dining room with built ins and sun splashed kitchen with eat in area open to fantastic family room with soaring ceilings and fireplace with doors to oversized deck allowing for easy indoor / outdoor entertaining.  Four family bedrooms on the second floor with a sleeping porch and an additional bonus room on third floor offer flexible living space. Prime location with close proximity to downtown Wellesley, schools and train.
Unit Size
2,643 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$452
Property Type
House
Property Taxes
$940
HOA Dues
-
Year Built
1926

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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: 5 months ago (MLSPIN #72599326)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Dec 9, 2019 Listed by Gibson Sotheby's International Realty $1,195,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 2020
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 300
  • 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: 13,520
  • Total Building Area: 3,139
  • Building Area: 3,139
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,139
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • 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: 404202

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:076 R:037 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3044
  • Longitude: -71.2756

    Address

  • Full Address: 4 Framar Rd
  • Address - House Number: 4
  • Address - Street Name: Framar
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C024
  • 4-Digit Zip Code: 6707
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,623,600

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,772,245
  • High Value: 2,074,852
  • Low Value: 1,469,638

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,418,000
  • Assessed Land Value: $917,000
  • Assessed Improvements Value: $501,000

    Sales

  • Current Sale Contract Date: Feb 10, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18373
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:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4260 ft²

Average Home Age

50.2 years

Currently For Sale

57 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: 5 months ago
Data Source: MLS PIN, MLS# 72599326

Frequently Asked Questions

When was property at 4 Framar Road built and last sold?
The property at 4 Framar Road was built in 1926 and last sold on Feb 10, 2020 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 4 Framar Road is $1,227,003.
What are some comparable homes to 4 Framar Road?
There are currently no comparable homes to 4 Framar Road.
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