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Wellesley 02482
44 Cottonwood Road
$1,300,000
● House - Off Market

44 Cottonwood Road

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,357 Ft²
$903,260
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

FANTASTIC location!! This multi-level home has so much potential! The spacious formal living room has a fireplace and a large bay window overlooking beautiful (and quiet) Cottonwood Road!  A few steps up from living room to three bedrooms and a full bath... first floor includes family room, laundry room and 1/2 bath. UPDATES: (2020) new combo heating/hot water Navien system, electrical panel upgrade to circuit breakers (2020).  Partially fenced in flat backyard. Hardwood floors, one car garage. Within walking distance to Brook Path, Wellesley Middle School and High School! Near Babson, Roche Brothers, Whole Foods, shops, restaurants and commuter rail! GREAT neighborhood! Incredible opportunity! Estate sale.
Unit Size
1,357 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$662
Property Type
House
Property Taxes
$843
HOA Dues
-
Year Built
1969

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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 #73091006)

Price History

Date / Event Date Event Price
May 25, 2023 Sold
Premium
Sold
Mar 26, 2023 In contract -
In contract
Mar 24, 2023 Listed by Keller Williams Realty North Central $899,000
Listed by Keller Williams Realty North Central

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 780
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,734
  • Total Building Area: 1,357
  • Building Area: 1,357
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,357
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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:088 R:018 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2998
  • Longitude: -71.2817

    Address

  • Full Address: 44 Cottonwood Rd
  • Address - House Number: 44
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C055
  • 4-Digit Zip Code: 6045
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,086,600

    Appraisal Valuation

  • Standard Deviation: 0.0706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 95
  • Final Value: 947,591
  • High Value: 1,014,504
  • Low Value: 880,678

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $949,000
  • Assessed Land Value: $875,000
  • Assessed Improvements Value: $74,000

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: May 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1521388
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

4208 ft²

Average Home Age

50.1 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# 73091006

Frequently Asked Questions

When was property at 44 Cottonwood Road built and last sold?
The property at 44 Cottonwood Road was built in 1969 and last sold on May 24, 2023 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 44 Cottonwood Road is $941,937.
What are some comparable homes to 44 Cottonwood Road?
There are currently no comparable homes to 44 Cottonwood Road.
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