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Cochituate 01778
56 (Lot 3) Rice Road
$1,340,000
● House - Off Market

56 (Lot 3) Rice Road

Wayland, MA 01778
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,950 Ft²
$1,990,383
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Opportunity Knocks...... New Construction on picturesque Rice Road.... Occupancy permit in hand!.Only two still available. Ready to move right in! Established local developer has constructed a new subdivision of homes sited beautifully on approximately 2.5 total acres abutting wooded lush greenery. Please see attached  to this listing full color site plan lay out as well as floor plans and specifications. These homes will be Energy Star rated.  Builder credibility offers a 3 year new home warranty and 10 year structural warranty. Acclaimed Wayland public schools.
Unit Size
4,950 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$279
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

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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 #72372004)

Price History

Date / Event Date Event Price
Apr 10, 2019 Sold
Premium
Sold
Aug 1, 2018 Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd. $1,379,000
Listed by Benoit Mizner Simon & Co. - Weston - Boston Post Rd.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,607
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,440
  • Total Building Area: 3,450
  • Gross Building Area: 5,841
  • Building Area: 3,450
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,450
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000722
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wayland School District
  • School Tax School District: WAYLAND SD
  • Census Tract: 366202

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:45 L:015B
  • Lot: 15B
  • Municipality: WAYLAND
  • Latitude: 42.3319
  • Longitude: -71.3423

    Address

  • Full Address: 56 Rice Rd
  • Address - House Number: 56
  • Address - Street Name: Rice
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C012
  • 4-Digit Zip Code: 3824
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,405,900

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,759,141
  • High Value: 2,071,849
  • Low Value: 1,446,434

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,445,000
  • Assessed Land Value: $458,400
  • Assessed Improvements Value: $986,600

    Sales

  • Current Sale Contract Date: Apr 09, 2019
  • Current Sale Recording Date: Apr 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44552
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 Cochituate

Stats & Trends

Median Asking:

$935,000

Sale Price/ft²

$455

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2677 ft²

Average Home Age

83.3 years

Currently For Sale

13 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# 72372004

Frequently Asked Questions

When was property at 56 Rice Road built and last sold?
The property at 56 Rice Road was built in 2018 and last sold on Apr 9, 2019 for $1,340,000.
How much is this home worth?
The estimated value of the home located at 56 Rice Road is $1,438,996.
What are some comparable homes to 56 Rice Road?
There are currently no comparable homes to 56 Rice Road.
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