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Winchester 01890 Winchester Town Center
516 South Border Road
$1,500,000
● House - Off Market

516 South Border Road

Winchester, MA 01890
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,231 Ft²
$2,195,508
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

This gorgeous new Colonial home has finished basement and attic! Located across the street from Middlesex Fells Reservation, this is the perfect location for everything Winchester has to offer. This home will feature gorgeous finishes including eat-in kitchen with new quartz counters, stainless steel appliances and formal dining room. The spacious rooms through-out the home include a finished basement with full size windows, and finished 3rd floor with a 5th bedroom and bonus room! Property will have underground lawn irrigation, to help maintain the exterior of this gorgeous property!
Unit Size
4,231 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$376
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

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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 #72583994)

Price History

Date / Event Date Event Price
May 7, 2020 Sold
Premium
Sold
Oct 23, 2019 Listed by Mass. Real Estate Solutions, LLC $1,589,900
Listed by Mass. Real Estate Solutions, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,165
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,942
  • Total Building Area: 3,820
  • Gross Building Area: 5,883
  • Building Area: 3,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Winchester School District
  • School Tax School District: WINCHESTER SD
  • Census Tract: 338500

Zoning

  • Zoning: RDB

Geography

  • Parcel: WINC M:005 B:0325 L:0
  • Block: 325
  • Municipality: WINCHESTER
  • Latitude: 42.4488
  • Longitude: -71.1259

    Address

  • Full Address: 516 S Border Rd
  • Address - House Number: 516
  • Street Direction: S
  • Address - Street Name: Border
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Winchester
  • Carrier Code: C004
  • 4-Digit Zip Code: 3162
  • Zip Code: 01890

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,033,300

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,012,333
  • High Value: 2,339,530
  • Low Value: 1,685,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,794,600
  • Assessed Land Value: $841,500
  • Assessed Improvements Value: $953,100

    Sales

  • Current Sale Contract Date: Apr 27, 2020
  • Current Sale Recording Date: May 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1841657
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 Winchester Town Center

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$558

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2179 ft²

Average Home Age

75 years

Currently For Sale

30 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# 72583994

Frequently Asked Questions

When was property at 516 South Border Road built and last sold?
The property at 516 South Border Road was built in 2019 and last sold on Apr 27, 2020 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 516 South Border Road is $1,600,058.
What are some comparable homes to 516 South Border Road?
There are currently no comparable homes to 516 South Border Road.
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