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Cochituate 01778
48 Rice Spring Ln
$620,000
● House - Off Market

48 Rice Spring Ln

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,035 Ft²
$942,410
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

LOCATION and NEIGHBORHOOD.  Oversized 3 bedroom, 2.5 bath, ranch located in the desirable Happy Hollow neighborhood in Wayland.  Open concept Living and Dining Room is light filled and airy.  Large Kitchen with island has its own eating area overlooks the deck and backyard.  Master bedroom features an attached bath.   Hardwood floors throughout the main level.  Lower Level features a Family Room with large windows.  Fireplaces in both the Living Room and Family Room.  2 car garage.  Three season porch.  Large deck.  Outstanding location!  Walk to the Elementary, Middle and High Schools.  Minutes to the Mass Pike and Natick/Framingham shopping yet tucked back on a side street in a wooded neighborhood.
Unit Size
2,035 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$292
Property Type
House
Property Taxes
$809
HOA Dues
-
Year Built
1964

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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 #72138539)

Price History

Date / Event Date Event Price
May 22, 2017 Sold
Premium
Sold
Mar 30, 2017 Listed by Coldwell Banker Residential Brokerage - Wayland $595,000
Listed by Coldwell Banker Residential Brokerage - Wayland

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,295
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,240
  • Total Building Area: 1,559
  • Gross Building Area: 3,742
  • Building Area: 1,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,559
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000924
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wayland School District
  • School Tax School District: WAYLAND SD
  • Census Tract: 366202

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:43A L:052
  • Lot: 52
  • Municipality: WAYLAND
  • Latitude: 42.3392
  • Longitude: -71.3668

    Address

  • Full Address: 48 Rice Spring Ln
  • Address - House Number: 48
  • Address - Street Name: Rice Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3516
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,306,000

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 947,492
  • High Value: 1,095,478
  • Low Value: 799,505

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $784,400
  • Assessed Land Value: $483,600
  • Assessed Improvements Value: $300,800

    Sales

  • Current Sale Recording Date: May 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 75521
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 Cochituate

Stats & Trends

Median Asking:

$935,000

Sale Price/ft²

$455

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2677 ft²

Average Home Age

83.3 years

Currently For Sale

13 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# 72138539

Frequently Asked Questions

When was property at 48 Rice Spring Lane built and last sold?
The property at 48 Rice Spring Lane was built in 1964 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 48 Rice Spring Lane is $624,134.
What are some comparable homes to 48 Rice Spring Lane?
There are currently no comparable homes to 48 Rice Spring Lane.
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