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Wellesley 02481
5 Lanark Rd
$1,620,000
● House - Off Market

5 Lanark Rd

Wellesley, MA 02481
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,575 Ft²
$2,510,545
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

This is what Wellesley is all about: Quality of design and construction throughout classic brick colonial with well-proportioned rooms, elegant detail, and beautiful windows. Wide, welcoming foyer is flanked by formal living room and exceptional dining room.  Enjoy eat-in kitchen, office, and sun-filled family room opening to bluestone patio.  5 or 6 generous bedrooms and 3 1/2 baths.  Set on lovely private property in sought-after Wellesley Farms.  Excellent commute to Boston via train and all major highways.
Unit Size
3,575 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$474
Property Type
House
Property Taxes
$1,290
HOA Dues
-
Year Built
1930

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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: 4 months ago (MLSPIN #72285872)

Price History

Date / Event Date Event Price
Jun 8, 2018 Sold
Premium
Sold
Feb 26, 2018 Listed by Rutledge Properties $1,695,000
Listed by Rutledge Properties
Jul 27, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,150
  • Total Building Area: 3,372
  • Building Area: 3,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000348
  • 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: 404201

Zoning

  • Zoning: SR20

Geography

  • Parcel: WELL M:084 R:046 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3172
  • Longitude: -71.2796

    Address

  • Full Address: 5 Lanark Rd
  • Address - House Number: 5
  • Address - Street Name: Lanark
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C001
  • 4-Digit Zip Code: 3009
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,996,900

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,400,505
  • High Value: 2,810,386
  • Low Value: 1,990,624

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,744,000
  • Assessed Land Value: $868,000
  • Assessed Improvements Value: $876,000

    Sales

  • Current Sale Recording Date: Jun 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46724
  • Previous Sale Recording Date: Jul 27, 2016
  • Previous Sale Amount: $718,000
  • 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:

$2,150,000

Sale Price/ft²

$670

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4280 ft²

Average Home Age

52.9 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: 4 months ago
Data Source: MLS PIN, MLS# 72285872

Frequently Asked Questions

When was property at 5 Lanark Road built and last sold?
The property at 5 Lanark Road was built in 1930 and last sold on Jan 1, 1970 for $1,620,000.
How much is this home worth?
The estimated value of the home located at 5 Lanark Road is $1,706,874.
What are some comparable homes to 5 Lanark Road?
There are currently no comparable homes to 5 Lanark Road.
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