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Wellesley 02482
58 Russell Road
$442,500
● House - Off Market

58 Russell Road

Wellesley, MA 02482
bedrooms
2 Beds
bathrooms
1 Bath
square feet
958 Ft²
$857,891
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

Wonderful opportunity! Sweet cottage on vernal pond looking for love! Special retreat across the street from Morse's Pond with expansion possibilities. Off the beaten path yet convenient to school, library, major routes and downtown Wellesley shops, restaurants and commuter rail. Surrounded by fabulous walking trails and close to town beach, this is a super neighborhood!
Unit Size
958 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$485
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1926

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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 #71625465)

Price History

Date / Event Date Event Price
Mar 31, 2014 Sold
Premium
Sold
Jan 22, 2014 Listed by Century 21 Commonwealth $465,000
Listed by Century 21 Commonwealth
Oct 10, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1970
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 9,339
  • Total Building Area: 958
  • Building Area: 958
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 958
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE RDG PARK
  • Land Acres: 0000000214
  • 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: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:183 R:002 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3008
  • Longitude: -71.3147

    Address

  • Full Address: 58 Russell Rd
  • Address - House Number: 58
  • Address - Street Name: Russell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C057
  • 4-Digit Zip Code: 4318
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $919,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 968,215
  • High Value: 1,115,613
  • Low Value: 820,818

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $803,000
  • Assessed Land Value: $753,000
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Recording Date: Mar 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23005
  • Previous Sale Recording Date: Oct 10, 1997
  • Previous Sale Amount: $170,000
  • 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

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4196 ft²

Average Home Age

52 years

Currently For Sale

60 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: 4 months ago
Data Source: MLS PIN, MLS# 71625465

Frequently Asked Questions

When was property at 58 Russell Road built and last sold?
The property at 58 Russell Road was built in 1926 and last sold on Jan 1, 1970 for $442,500.
How much is this home worth?
The estimated value of the home located at 58 Russell Road is $484,556.
What are some comparable homes to 58 Russell Road?
There are currently no comparable homes to 58 Russell Road.
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