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Wellesley 02481
48 Laurel Avenue
Photo of 48 Laurel Avenue
Sold on Jun 1, 2009

1

Map

$845,000
● House - Off Market

48 Laurel Avenue

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,426 Ft²
$1,750,642
RealtyHop Estimate
107.18%
Since Jul 1, 2009
MA-Boston
Primary Model

About This Property

Updated 13 room Colonial, sunfilled with high celings, new kitchen/granite/breakfast room, family room and 1st floor office, 4 generous bedrooms on 2nd, and 3 room suite on 3rd floor. Near train, schools & shops!
Unit Size
3,426 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$247
Property Type
House
Property Taxes
$735
HOA Dues
-
Year Built
1871

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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 #70899953)

Price History

Date / Event Date Event Price
Jun 1, 2009 Sold
Premium
Sold
Apr 8, 2009 Listed $845,000
Listed
Dec 14, 2000 Sold
Premium
Sold
Oct 7, 2000 Listed $744,000
Listed
FIRST TIME ON THE MARKET IN 50 YEARS! WONDERFUL OLDER HOME BUILT IN 1871 LOCATED IN SOUGHT AFTER NEIGHBORHOOD. WELL PROPORTIONED ROOMS, GREAT CEILING HEIGHT& ROOM TO SPREAD OUT LOTS OF CHARACTER. WAITING FOR YOUR SPECIAL TOUCH...

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1871
  • Effective Year Built: 1871
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 300
  • 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: 11,147
  • Total Building Area: 3,813
  • Building Area: 3,813
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,813
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000256
  • 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:075 R:081 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3062
  • Longitude: -71.2764

    Address

  • Full Address: 48 Laurel Ave
  • Address - House Number: 48
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C005
  • 4-Digit Zip Code: 7526
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,422,100

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 2,758,435
  • High Value: 3,366,732
  • Low Value: 2,150,138

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,242,000
  • Assessed Land Value: $882,000
  • Assessed Improvements Value: $360,000

    Sales

  • Current Sale Recording Date: Mar 22, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 25061
  • Previous Sale Recording Date: Jun 01, 2009
  • Previous Sale Amount: $845,000
  • 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:

$2,195,000

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4117 ft²

Average Home Age

49.1 years

Currently For Sale

55 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70899953

Frequently Asked Questions

When was property at 48 Laurel Avenue built and last sold?
The property at 48 Laurel Avenue was built in 1871 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 48 Laurel Avenue is $854,135.
What are some comparable homes to 48 Laurel Avenue?
There are currently no comparable homes to 48 Laurel Avenue.
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