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Wellesley 02482
47 Summit Road
Photo of 47 Summit Road
Sold on Apr 14, 2025

42

Map

Photo of 47 Summit Road
Photo of 47 Summit Road
$2,000,000
● House - Off Market

47 Summit Road

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,322 Ft²
$10,695
Est. Monthly
2.29%
Cap Rate

About This Property

A private oasis in a desirable College Heights neighborhood!   Enjoy the seclusion of an idyllic setting on a corner lot surrounded by wrought iron railings and lush gardens.  Immaculate and well-maintained with generous-sized rooms and high ceilings.  The heart of the home features a granite and stainless steel kitchen with a center island and eat-in area and is adjacent to the dining room and the family room leading to the stone patio and enclosed rear garden space with a luxurious swimming pool.  The second level offers a primary bedroom with a newly renovated, en suite bath as well as three other ample bedrooms and full bath. Lower level is partially finished with family spaces and laundry. The perfect blend of tranquility and convenience.  Enjoy the proximity to all the amenities that Wellesley has to offer.
Unit Size
2,322 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$818
Property Type
House
Property Taxes
$1,366
HOA Dues
-
Year Built
1927

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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: 4 months ago (MLSPIN #73326600)

Price History

Date / Event Date Event Price
Apr 14, 2025 Sold
Premium
Sold
Jan 23, 2025 In contract -
In contract
Jan 15, 2025 Listed $1,900,000
Listed
Dec 31, 1998 Sold
Premium
Sold
Jun 3, 1998 Listed $520,000
Listed
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 11
  • 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: 12,229
  • Total Building Area: 2,322
  • Building Area: 2,322
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,322
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000281
  • 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:005 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3015
  • Longitude: -71.3003

    Address

  • Full Address: 47 Summit Rd
  • Address - House Number: 47
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4614
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,479,300

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,645,850
  • High Value: 1,900,757
  • Low Value: 1,390,942

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,292,000
  • Assessed Land Value: $829,000
  • Assessed Improvements Value: $463,000

    Sales

  • Current Sale Recording Date: Dec 31, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 15, 1993
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: 27
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:

$2,149,500

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4381 ft²

Average Home Age

49.4 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73326600

Frequently Asked Questions

When was property at 47 Summit Road built and last sold?
The property at 47 Summit Road was built in 1927 and last sold on Jan 1, 1970 for $488,000.
How much is this home worth?
The estimated value of the home located at 47 Summit Road is $0.
What are some comparable homes to 47 Summit Road?
There are currently no comparable homes to 47 Summit Road.
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