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Wellesley 02482
514 Washington St
Photo of 514 Washington St
Sold on Mar 31, 2008

1

Map

$1,000,000
● House - Off Market

514 Washington St

Wellesley, MA 02482
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,375 Ft²
$2,108,374
RealtyHop Estimate
101.76%
Since Apr 1, 2008
MA-Boston
Primary Model

About This Property

Prominent Victorian home near the heart of Wellesley Square with views of the town hall and duck pond.  A wrap around porch welcomes you into this 5/6 bedroom home with an updated granite/stainless kitchen and central air-conditioning.  Discover all the charm this turn of the century home has to offer. Formerly a 2-family,now a gracious single family residence.
Unit Size
3,375 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$310
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1900

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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 #70708193)

Price History

Date / Event Date Event Price
Mar 31, 2008 Sold
Premium
Sold
Feb 6, 2008 Listed $1,045,000
Listed
Aug 1, 2001 Sold
Premium
Sold
Mar 26, 2001 Listed $885,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 15,104
  • Total Building Area: 3,407
  • Building Area: 3,407
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,407
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • 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: 404400

Zoning

  • Zoning: GR

Geography

  • Parcel: WELL M:111 R:020 S:
  • Municipality: WELLESLEY
  • Latitude: 42.298
  • Longitude: -71.2891

    Address

  • Full Address: 514 Washington St
  • Address - House Number: 514
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C045
  • 4-Digit Zip Code: 5907
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,363,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,853,238
  • High Value: 2,140,265
  • Low Value: 1,566,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,191,000
  • Assessed Land Value: $752,000
  • Assessed Improvements Value: $439,000

    Sales

  • Current Sale Recording Date: Mar 31, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 30162
  • Previous Sale Recording Date: Aug 01, 2001
  • Previous Sale Amount: $875,000
  • 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

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4196 ft²

Average Home Age

52 years

Currently For Sale

60 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# 70708193

Frequently Asked Questions

When was property at 514 Washington Street built and last sold?
The property at 514 Washington Street was built in 1900 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 514 Washington Street is $1,045,842.
What are some comparable homes to 514 Washington Street?
There are currently no comparable homes to 514 Washington Street.
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