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Wellesley 02481
46 Madison Rd
$960,000
● House - Off Market

46 Madison Rd

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,538 Ft²
$1,599,223
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Don't miss this 4 bedroom expanded Cape on coveted Sheridan Estates cul-de-sac! The first floor offers endless possibilities with the inviting living, family, office and dining rooms in addition to a first floor bedroom. The updated eat-in kitchen features quartz counters and gas cooking with an eat-in area that overlooks the private backyard. The second floor has 3 bedrooms and 2 full baths.  This lovely lot offers opportunity for expansion or just add touches to make your own.  Short distance to the local elementary school and prime location for commuting North, South or into downtown Boston.  Welcome home!
Unit Size
2,538 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$392
Property Type
House
Property Taxes
$881
HOA Dues
-
Year Built
1954

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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 #72109787)

Price History

Date / Event Date Event Price
Mar 30, 2017 Sold
Premium
Sold
Jan 18, 2017 Listed by Rutledge Properties $995,000
Listed by Rutledge Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1982
  • Total Rooms: 9
  • Bedroom Count: 4
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,022
  • Total Building Area: 2,538
  • Building Area: 2,538
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,538
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:030 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3093
  • Longitude: -71.2473

    Address

  • Full Address: 46 Madison Rd
  • Address - House Number: 46
  • 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: $1,194,200

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,516,772
  • High Value: 1,846,823
  • Low Value: 1,186,722

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,043,000
  • Assessed Land Value: $864,000
  • Assessed Improvements Value: $179,000

    Sales

  • Current Sale Recording Date: Mar 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26925
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

4246 ft²

Average Home Age

48.6 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# 72109787

Frequently Asked Questions

When was property at 46 Madison Road built and last sold?
The property at 46 Madison Road was built in 1954 and last sold on Jan 1, 1970 for $960,000.
How much is this home worth?
The estimated value of the home located at 46 Madison Road is $1,036,785.
What are some comparable homes to 46 Madison Road?
There are currently no comparable homes to 46 Madison Road.
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