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Wellesley 02481
4 Martin Rd
$537,500
● House - Off Market

4 Martin Rd

Wellesley, MA 02481
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,562 Ft²
$1,028,451
RealtyHop Estimate
87.33%
Since Aug 1, 2004
MA-Boston
Primary Model

About This Property

Fabulous 6 rm Colonial in sought after Bates School Dist., completely renovated in 1997, impeccable, two large bedrooms plus den with expansion possibilities, sunny brkf rm., great commuter location, gorgeous landscaping.
Unit Size
1,562 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$351
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70029361)

Price History

Date / Event Date Event Price
Jul 15, 2004 Sold
Premium
Sold
May 5, 2004 Listed by Coldwell Banker Residential Brokerage - Wellesley - Washington St. $549,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Washington St.
Jun 6, 1997 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 8,650
  • Total Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000199
  • 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: 404301

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:170 R:001 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3059
  • Longitude: -71.3092

    Address

  • Full Address: 4 Martin Rd
  • Address - House Number: 4
  • Address - Street Name: Martin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C030
  • 4-Digit Zip Code: 2440
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $669,800

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 998,095
  • High Value: 1,152,679
  • Low Value: 843,511

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $585,000
  • Assessed Land Value: $482,000
  • Assessed Improvements Value: $103,000

    Sales

  • Current Sale Recording Date: Jul 15, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 06, 1997
  • Previous Sale Amount: $307,500
  • 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:

$2,195,000

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4133 ft²

Average Home Age

49.5 years

Currently For Sale

58 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# 70029361

Frequently Asked Questions

When was property at 4 Martin Road built and last sold?
The property at 4 Martin Road was built in 1938 and last sold on Jan 1, 1970 for $537,500.
How much is this home worth?
The estimated value of the home located at 4 Martin Road is $591,784.
What are some comparable homes to 4 Martin Road?
There are currently no comparable homes to 4 Martin Road.
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