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Wellesley 02482
406 School St
Photo of 406 School St

1

Map

$615,000
● House - Off Market

406 School St

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,884 Ft²
$3,556
Est. Monthly

About This Property

Delightful home so much bigger than it looks!  Perfectly located very, very near schools, train, Linden Square, Town Center and commuter routes.  Everything just where you want it - Fam Rm off Kitchen, Den/Office off Living Room, direct access from garage!  Three fireplaces!  Master bedroom plus sitting room. Charming, sunny kitchen w/newer appliances.  Newer gas furnace/hot water tank.  Lovely woods in back. Bonus lower level offers 3 rooms plus full bath! Expand or enjoy as it is!
Unit Size
1,884 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$326
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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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: 6 days ago (MLSPIN #71247227)

Price History

Date / Event Date Event Price
May 9, 2013 Sold
Premium
Sold
Sep 23, 2011 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $549,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Huge price cut! Time on market reflects wrong start price. Delightful home full of charm so close to train, schools, town, shopping, everything! Bigger than it looks. Great space w/3 rms & full bath in LL, newly carpeted and painted. Newer heating system and appliances. Owner ready to sell. Easy home for living with LR, DR, FR, Den/Office, large bedroom , all on 1st flr. Don't miss out!
Jun 11, 2011 Listed by Century 21 Commonwealth $615,000
Listed by Century 21 Commonwealth
Jul 1, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 11,249
  • Total Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000258
  • 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:135 R:071 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3054
  • Longitude: -71.2984

    Address

  • Full Address: 406 School St
  • Address - House Number: 406
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C057
  • 4-Digit Zip Code: 4715
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,098,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,225,843
  • High Value: 1,435,843
  • Low Value: 1,015,844

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $959,000
  • Assessed Land Value: $775,000
  • Assessed Improvements Value: $184,000

    Sales

  • Current Sale Recording Date: May 09, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Jul 01, 1993
  • Previous Sale Amount: $28,500
  • Previous Sale Document Type: 27

    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

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4218 ft²

Average Home Age

51.3 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

Rentals Near You

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Last Updated: 6 days ago
Data Source: MLS PIN, MLS# 71247227

Frequently Asked Questions

When was property at 406 School Street built and last sold?
The property at 406 School Street was built in 1948 and last sold on Jan 1, 1970 for $529,000.
How much is this home worth?
The estimated value of the home located at 406 School Street is $618,753.
What are some comparable homes to 406 School Street?
There are currently no comparable homes to 406 School Street.
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