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Wellesley 02481
42 Madison Rd
Photo of 42 Madison Rd
Sold on Jun 14, 2007

1

Map

$808,000
● House - Off Market

42 Madison Rd

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,114 Ft²
$1,563,753
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

This home has 3 existing bedrooms,2-1/2 baths on 3 levels of living space. With gleaming hardwood floors throughout,the home was painted in 2006 (interior) & 2004 (exterior).It has a new roof,updated electrical & plumbing & has been meticulously maintained.Gracious entry foyer, a generously sized living room with fireplace,a formal dining room,custom kitchen with pull-out shelves in the cabinets.Built-in entertainment center with lighted shelves & a sun-drenched enclosed 4-season porch.
Unit Size
2,114 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$397
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1958

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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 #70512321)

Price History

Date / Event Date Event Price
Jun 14, 2007 Sold
Premium
Sold
Jan 17, 2007 Listed $839,000
Listed

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 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: 15,032
  • Total Building Area: 1,770
  • Building Area: 1,770
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,770
  • 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: 404100

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:017 R:029 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3096
  • Longitude: -71.2476

    Address

  • Full Address: 42 Madison Rd
  • Address - House Number: 42
  • Address - Street Name: Madison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C037
  • 4-Digit Zip Code: 5442
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,171,300

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,273,922
  • High Value: 1,471,226
  • Low Value: 1,076,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,023,000
  • Assessed Land Value: $865,000
  • Assessed Improvements Value: $158,000

    Sales

  • Current Sale Recording Date: Jun 14, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 125119
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

4179 ft²

Average Home Age

46.9 years

Currently For Sale

53 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70512321

Frequently Asked Questions

When was property at 42 Madison Road built and last sold?
The property at 42 Madison Road was built in 1958 and last sold on Jan 1, 1970 for $808,000.
How much is this home worth?
The estimated value of the home located at 42 Madison Road is $874,593.
What are some comparable homes to 42 Madison Road?
There are currently no comparable homes to 42 Madison Road.
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