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Wellesley 02482
5 Stearns Rd
$712,500
● House - Off Market

5 Stearns Rd

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,797 Ft²
$996,282
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Open House Sunday 1-3pm. Location Location Location! Expansive Charming Ranch features convenient one-floor living with a master suite, two bedrooms off the family room, and a second full bath. Skylights are perfectly located to bring in lots of natural light. Kitchen has beautiful cherry cabinets and SS appliances. Hardwood floor throughout the living room, family room, dining room and all 3 bedrooms. Family room walks out to a nice patio. Being sold in as-is condition. With a few cosmetic updates, this home will truly shine. Great location close to Sprague Fields, Sprague Elementary School and a short stroll to Town Center and Linden Square.
Unit Size
1,797 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$389
Property Type
House
Property Taxes
$664
HOA Dues
-
Year Built
1935

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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 #72501358)

Price History

Date / Event Date Event Price
Jul 30, 2019 Sold
Premium
Sold
May 16, 2019 Listed by Keller Williams Realty $699,000
Listed by Keller Williams Realty
Dec 3, 2018 No longer available -
No longer available
Sep 19, 2018 Relisted $758,800
Relisted
Aug 23, 2018 No longer available -
No longer available
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 9,617
  • Total Building Area: 1,797
  • Building Area: 1,797
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,797
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • 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:121 R:012 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3057
  • Longitude: -71.295

    Address

  • Full Address: 5 Stearns Rd
  • Address - House Number: 5
  • Address - Street Name: Stearns
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C057
  • 4-Digit Zip Code: 4713
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $926,300

    Appraisal Valuation

  • Standard Deviation: 0.1541
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,057,088
  • High Value: 1,220,001
  • Low Value: 894,176

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $809,000
  • Assessed Land Value: $751,000
  • Assessed Improvements Value: $58,000

    Sales

  • Current Sale Contract Date: Jul 29, 2019
  • Current Sale Recording Date: Jul 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 64536
  • Previous Sale Recording Date: Mar 30, 1994
  • Previous Sale Amount: $201,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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# 72501358

Frequently Asked Questions

When was property at 5 Stearns Road built and last sold?
The property at 5 Stearns Road was built in 1935 and last sold on Jul 29, 2019 for $712,500.
How much is this home worth?
The estimated value of the home located at 5 Stearns Road is $733,899.
What are some comparable homes to 5 Stearns Road?
There are currently no comparable homes to 5 Stearns Road.
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