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Wellesley 02481
42 River Ridge
$700,000
● House - Off Market

42 River Ridge

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,454 Ft²
$1,006,808
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Conveniently located 3 bedroom, 1.5 bath Wellesley Colonial with tons of updates is situated in a commuter-friendly location near the intersection of Route 90 and 95/128. Very close to Newton-Wellesley hospital and MBTA Riverside Green Line "D" Branch that goes directly to Longwood Medical area and downtown Boston. Recent updates include 2009 conversion to gas heating, 2013 roof, 2013 electrical panel, 2013 de-leading, 2018 water heater, and more. 2 car off-street parking and backyard that overlooks Charles River reservation wooded area for excellent privacy. 2 blocks from Schofield Elementary School. Won't last! Open Houses Saturday and Sunday 1:30-3:00 PM.
Unit Size
1,454 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$468
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1889

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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 #72327369)

Price History

Date / Event Date Event Price
Jul 16, 2018 Sold
Premium
Sold
May 15, 2018 Listed by Philip Hou Real Estate $680,000
Listed by Philip Hou Real Estate
Jul 15, 2013 Sold
Premium
Sold
Apr 11, 2013 Listed by Philip Hou Real Estate $499,000
Listed by Philip Hou Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1889
  • Effective Year Built: 1889
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,075
  • Total Building Area: 1,454
  • Building Area: 1,454
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,454
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH E FISKE
  • Land Acres: 0000000139
  • 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: SR10

Geography

  • Parcel: WELL M:021 R:034 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3227
  • Longitude: -71.2505

    Address

  • Full Address: 42 River Rdg
  • Address - House Number: 42
  • Address - Street Name: River
  • Address - Suffix Type: Rdg
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C003
  • 4-Digit Zip Code: 3514
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $909,100

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,023,346
  • High Value: 1,246,026
  • Low Value: 800,665

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $794,000
  • Assessed Land Value: $685,000
  • Assessed Improvements Value: $109,000

    Sales

  • Current Sale Recording Date: Jul 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59948
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: O
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

$670

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4333 ft²

Average Home Age

47.6 years

Currently For Sale

56 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# 72327369

Frequently Asked Questions

When was property at 42 River Ridge built and last sold?
The property at 42 River Ridge was built in 1889 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 42 River Ridge is $697,493.
What are some comparable homes to 42 River Ridge?
There are currently no comparable homes to 42 River Ridge.
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