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53 Cottonwood Road

53 Cottonwood Road, Wellesley, MA 02482
Property in Wellesley
Sold May 03, 2021
$1,517,500
$1,140,000 by Us Bank Na
Mortgage Due May 03, 2051
Sold Dec 01, 2000
$725,000
$200,000 by Homevest Mtg Corp
Mortgage
53 Cottonwood Road in Wellesley, MA was first built in 1981 and is 43 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 53 Cottonwood Road has 2,909 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 800 sqft and has been categorized as a full basement. In total, the area measurement of the land is 14,385 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 53 Cottonwood Road was last sold in Apr 30, 2021 for $1,517,500. According to our calculations, that's $521.66 per sqft. Prior to that sales transaction, the property was sold for $725,000 in Jan 1, 1970. Current property owners are expected to pay $15,606 in taxes per year. The property on 53 Cottonwood Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,363,000. To break that down further, the land itself was valued at $928,000. While improvements to the property were assessed at a total of $435,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Attached Garage
Off Street Parking

Condition

Level Lot

Location

Corner Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Wood siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 800
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,385
  • Total Building Area: 2,909
  • Building Area: 2,909
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,909
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ZHU RUI
  • Current Owner 2: CHEN FEI
  • Previous Owner : CHIEN JEFF C
  • Previous Owner 2: CHIEN EVA Y
  • Owner Before Previous Owner: SEGALL PETER J
  • Owner Before Previous Owner 2: SEGALL JACQUELINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404202

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:088 R:031 S:C
  • Municipality: WELLESLEY
  • Latitude: 42.2995
  • Longitude: -71.2807

    Address

  • Full Address: 53 Cottonwood Rd
  • Address - House Number: 53
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C055
  • 4-Digit Zip Code: 6018
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,606

    Appraisal Valuation

  • Standard Deviation: 0.2189
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,846,859
  • High Value: 2,251,274
  • Low Value: 1,442,444

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,140,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Loan Amount: $1,140,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 03, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,363,000
  • Assessed Land Value: $928,000
  • Assessed Improvements Value: $435,000

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11834537998
  • Current Sale Price: $1,517,500
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 1475769
  • Previous Sale Recording Date: Dec 01, 2000
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: Land Court (Massachusetts)

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $1,140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: HOMEVEST MTG CORP
  • Previous Mortgage Transaction Date: Dec 01, 2000
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Wellesley



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Frequently Asked Questions

What neighborhood is 53 Cottonwood Road located in?
The 53 Cottonwood Road is a located in the neighborhood of Wellesley in Wellesley, Wellesley.
What is the average sales price for listings in 53 Cottonwood Road?
The average sales price for units in 53 Cottonwood Road is $0 currently.

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