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Wellesley 02481
56 Arnold Rd
$1,600,000
● House - Off Market

56 Arnold Rd

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,047 Ft²
$3,183,885
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Sophisticated, done and in your favorite Cliff Estates neighborhood. Outstanding 4 bedroom, 3-1/2 bath expanded Royal Barry Wills home with fresh decor. Ten beautifully appointed rooms including cherry/granite kitchen and adjacent family room. Finished lower level and 2 private patios complete this beautiful home.
Unit Size
3,047 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$558
Property Type
House
Property Taxes
$1,243
HOA Dues
-
Year Built
1938

Payment Calculator

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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 #70584216)

Price History

Date / Event Date Event Price
May 17, 2021 Sold
Premium
Sold
Feb 12, 2021 Listed by Rutledge Properties $2,250,000
Listed by Rutledge Properties
Jul 2, 2007 Sold
Premium
Sold
May 23, 2007 Listed by Rutledge Properties $1,699,000
Listed by Rutledge Properties
Jul 24, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,761
  • Total Building Area: 2,980
  • Building Area: 2,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,980
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 15672B SHEET 02
  • Land Acres: 0000000385
  • 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: 404201

Zoning

  • Zoning: SR20

Geography

  • Parcel: WELL M:096 R:045 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3115
  • Longitude: -71.2866

    Address

  • Full Address: 56 Arnold Rd
  • Address - House Number: 56
  • Address - Street Name: Arnold
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C036
  • 4-Digit Zip Code: 2841
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,976,300

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 2,367,828
  • High Value: 2,772,129
  • Low Value: 1,963,526

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,726,000
  • Assessed Land Value: $913,000
  • Assessed Improvements Value: $813,000

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1477073
  • Previous Sale Recording Date: Mar 17, 2015
  • 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:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4246 ft²

Average Home Age

48.6 years

Currently For Sale

58 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: 5 months ago
Data Source: MLS PIN, MLS# 70584216

Frequently Asked Questions

When was property at 56 Arnold Road built and last sold?
The property at 56 Arnold Road was built in 1938 and last sold on May 17, 2021 for $2,137,500.
How much is this home worth?
The estimated value of the home located at 56 Arnold Road is $2,230,175.
What are some comparable homes to 56 Arnold Road?
There are currently no comparable homes to 56 Arnold Road.
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