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Wellesley 02481
54 Bancroft Road
$850,000
● House - Off Market

54 Bancroft Road

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,788 Ft²
$1,395,855
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Welcome home to this pristine, picture perfect Cape sited on generous level lot in convenient location. Sophisticated living room with hardwood floors and fireplace opens to dining room offering great flow for entertaining. Bright and sunny kitchen includes granite counter tops, stainless steel appliances and leads to screened in porch with access to deck.  Fabulous lower level includes playroom and office and provides additional living space. Move right in to this meticulously maintained stylish property in sparkling condition with new roof and tastefully appointed decor. An incredible opportunity to be a part of all that Wellesley has to offer.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$461
Property Type
House
Property Taxes
$698
HOA Dues
-
Year Built
1962

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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 #71952936)

Price History

Date / Event Date Event Price
Apr 8, 2016 Sold
Premium
Sold
Jan 27, 2016 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $825,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St
Nov 1, 2011 Sold
Premium
Sold
Aug 12, 2011 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $650,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 225
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,934
  • Total Building Area: 1,788
  • Building Area: 1,788
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,788
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLESLEY
  • Land Acres: 0000000366
  • 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: 404100

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:044 R:041 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3146
  • Longitude: -71.2629

    Address

  • Full Address: 54 Bancroft Rd
  • Address - House Number: 54
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C009
  • 4-Digit Zip Code: 5244
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $993,900

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,178,719
  • High Value: 1,379,983
  • Low Value: 977,455

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $868,000
  • Assessed Land Value: $742,000
  • Assessed Improvements Value: $126,000

    Sales

  • Current Sale Recording Date: Apr 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31056
  • Previous Sale Recording Date: Nov 01, 2011
  • Previous Sale Amount: $617,500
  • 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

4244 ft²

Average Home Age

53.4 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71952936

Frequently Asked Questions

When was property at 54 Bancroft Road built and last sold?
The property at 54 Bancroft Road was built in 1962 and last sold on Jan 1, 1970 for $850,000.
How much is this home worth?
The estimated value of the home located at 54 Bancroft Road is $848,801.
What are some comparable homes to 54 Bancroft Road?
There are currently no comparable homes to 54 Bancroft Road.
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