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Wellesley 02481
58 Colburn Rd
$1,700,000
● House - Off Market

58 Colburn Rd

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,784 Ft²
$2,891,546
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

An oasis of serenity on Full Acre of beautiful landscape with unique out-buildings and exquisite privacy is just minutes from train or Pike to Boston. Original house has been updated and enlarged for todays'  families with 4/5 bedrooms and four full bath. Open plan filled with stunning views and glorious light, leads to porches, decks and patios blending indoors and out. Charming guest cottage with kitchen and bath, and a separate studio open a wide range of possibilities.  This property is a "must see".  Come and enjoy!
Unit Size
2,784 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$664
Property Type
House
Property Taxes
$1,113
HOA Dues
-
Year Built
-

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 #72226694)

Price History

Date / Event Date Event Price
Nov 17, 2017 Sold
Premium
Sold
Sep 11, 2017 Listed by Rutledge Properties $1,849,000
Listed by Rutledge Properties
Oct 1, 1982 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,623
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001001
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404201

Zoning

  • Zoning: SR20

Geography

  • Parcel: WELL M:073 R:034 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3185
  • Longitude: -71.2757

    Address

  • Full Address: 58 Colburn Rd
  • Address - House Number: 58
  • Address - Street Name: Colburn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C029
  • 4-Digit Zip Code: 3002
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,093,100

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,540,597
  • High Value: 2,930,406
  • Low Value: 2,150,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,828,000
  • Assessed Land Value: $1,411,000
  • Assessed Improvements Value: $417,000

    Sales

  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110404
  • Previous Sale Recording Date: Oct 01, 1982
  • Previous Sale Amount: $154,000
  • 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 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

49.4 years

Currently For Sale

57 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# 72226694

Frequently Asked Questions

When was property at 58 Colburn Road built and last sold?
The property at 58 Colburn Road was built in and last sold on Jan 1, 1970 for $1,700,000.
How much is this home worth?
The estimated value of the home located at 58 Colburn Road is $1,857,058.
What are some comparable homes to 58 Colburn Road?
There are currently no comparable homes to 58 Colburn Road.
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