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Wellesley 02482
59-61 Smith St
$1,256,000
● House - Off Market

59-61 Smith St

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,284 Ft²
$1,496,561
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Rare opportunity to fall in love with an extraordinary property set on amazing grounds that are a private sanctuary just steps from the Brook Path, town, school, and shops. The main residence is so charming, with tall ceilings, maple floors, lovely details, and modern appointments. The additional 1-2 bedroom cottage has a sweet history and offers a beehive fireplace and updated kitchen. The third building on the property has two-stories, with a substantial 3 car garage on the first and a terrific home office suite on the second. The yard is level and has many specimen plantings, mature trees, a garden area with grape arbor, and a 30' hemlock hedge, all lovingly maintained by the owner/horticulturist. Move right in and enjoy!
Unit Size
2,284 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$460
Property Type
House
Property Taxes
$1,077
HOA Dues
-
Year Built
-

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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 #72497361)

Price History

Date / Event Date Event Price
Aug 31, 2022 Sold
Premium
Sold
Jul 18, 2019 Sold
Premium
Sold
May 9, 2019 Listed by Pinnacle Residential $1,050,000
Listed by Pinnacle Residential
Sep 18, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
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: 22,975
  • 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: 0000000527
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:088 R:001 S:
  • Municipality: WELLESLEY
  • Latitude: 42.301
  • Longitude: -71.2824

    Address

  • Full Address: 59-61 Smith St
  • Address - House Number: 59-61
  • Address - Street Name: Smith
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,583,500

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 57
  • Final Value: 1,790,551
  • High Value: 2,167,964
  • Low Value: 1,413,137

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,383,000
  • Assessed Land Value: $1,100,000
  • Assessed Improvements Value: $283,000

    Sales

  • Current Sale Contract Date: Aug 31, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77415
  • Previous Sale Recording Date: Jul 18, 2019
  • Previous Sale Contract Date: Jul 08, 2019
  • Previous Sale Amount: $1,256,000
  • Previous Sale Document Type: O
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

4244 ft²

Average Home Age

53.4 years

Currently For Sale

56 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# 72497361

Frequently Asked Questions

When was property at 59-61 Smith Street built and last sold?
The property at 59-61 Smith Street was built in and last sold on Aug 31, 2022 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 59-61 Smith Street is $1,103,768.
What are some comparable homes to 59-61 Smith Street?
There are currently no comparable homes to 59-61 Smith Street.
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