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Cochituate 01778
57 Rice Road
$530,000
● House - Off Market

57 Rice Road

Wayland, MA 01778
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,602 Ft²
$814,483
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

CONDO ALTERNATIVE in a great commuter location. Stone walls and walkway invite you into this charming TWO BEDROOM, ONE BATH mid-century ranch with a finished basement. Enter into the sun-splashed front-to-back living room and dining room to the sliders leading to a large elevated deck.  A bright,spacious eat-in kitchen with wainscoting provides the home's centerpiece, with ample room to cook and hang. Good sized bedrooms with hardwood floors, the master with two closets, and a full bathroom with decorative tiling, round out the main floor.  The basement offers plenty more; a big, multi-purpose family room with fireplace, a separate office work space, a laundry area and ample room for storage.  Ideal starter home or for the down-sizer, centrally located to Wayland schools and close to shopping.
Unit Size
1,602 Ft²
Days on Market
-
Land Size
1.39 acres
Price per sqft
$343
Property Type
House
Property Taxes
$749
HOA Dues
-
Year Built
1950

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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 #72303331)

Price History

Date / Event Date Event Price
Jun 27, 2018 Sold
Premium
Sold
Mar 29, 2018 Listed by Berkshire Hathaway HomeServices Stephan Real Estate $549,900
Listed by Berkshire Hathaway HomeServices Stephan Real Estate
Sep 13, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 550
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,436
  • Total Building Area: 1,092
  • Gross Building Area: 2,359
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001387
  • 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:014
  • Lot: 14
  • Municipality: WAYLAND
  • Latitude: 42.332
  • Longitude: -71.3413

    Address

  • Full Address: 57 Rice Rd
  • Address - House Number: 57
  • Address - Street Name: Rice
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C012
  • 4-Digit Zip Code: 3822
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,157,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 820,102
  • High Value: 950,038
  • Low Value: 690,166

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $695,300
  • Assessed Land Value: $520,300
  • Assessed Improvements Value: $175,000

    Sales

  • Current Sale Recording Date: Jun 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93276
  • Previous Sale Recording Date: Sep 13, 1996
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72303331

Frequently Asked Questions

When was property at 57 Rice Road built and last sold?
The property at 57 Rice Road was built in 1950 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 57 Rice Road is $566,640.
What are some comparable homes to 57 Rice Road?
There are currently no comparable homes to 57 Rice Road.
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