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Upper Montclair 07043
6 Wellesley Road
$380,000
● House - Off Market

6 Wellesley Road

Arlington, MA 07043
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,036 Ft²
$536,457
RealtyHop Estimate
37.59%
Since Dec 1, 2006
NY-New York
Primary Model

About This Property

Great location, walk to school! close to Alewife t Stop! Beautiful freshly sanded hardwood floors and paint throughout!!  Central air, 3 zone heat, newer windows, finished basement with two rooms and a bath with a shower stall and more! (basement has an additional 1036 square feet of living area !
Unit Size
1,036 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$376
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1925

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: 4 years ago (MLSPIN #70478561)

Price History

Date / Event Date Event Price
Nov 30, 2006 Sold
Premium
Sold
Oct 20, 2006 Listed by Sweeney & OConnell $389,900
Listed by Sweeney & OConnell

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,498
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,717
  • Building Area: 2,717
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,717
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 7-L,12

Neighborhood

  • School District Name: Montclair Town School District
  • Census Tract: 016100

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13 02701-0000-00012
  • Block: 2701
  • Lot: 12
  • Municipality: MONTCLAIR TWP
  • Latitude: 40.8492
  • Longitude: -74.2005

    Address

  • Full Address: 6 Wellesley Rd
  • Address - House Number: 6
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Montclair
  • Carrier Code: C062
  • 4-Digit Zip Code: 2012
  • Zip Code: 07043

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,829,653

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 73
  • Final Value: 1,183,706
  • High Value: 1,418,806
  • Low Value: 948,607

    Market Valuation

  • Market Total Value: $860,600
  • Market Land Value: $402,200
  • Market Improvement Value: $458,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $860,600
  • Assessed Land Value: $402,200
  • Assessed Improvements Value: $458,400

    Sales

  • Current Sale Contract Date: May 20, 2020
  • Current Sale Recording Date: Jul 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020061523
  • Previous Sale Recording Date: Nov 12, 1993
  • Previous Sale Contract Date: Oct 26, 1993
  • Previous Sale Amount: $350,000
  • 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 Upper Montclair

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1210 ft²

Average Home Age

98.7 years

Currently For Sale

26 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: 4 years ago
Data Source: MLS PIN, MLS# 70478561

Frequently Asked Questions

When was property at 6 Wellesley Road built and last sold?
The property at 6 Wellesley Road was built in 1925 and last sold on May 20, 2020 for $910,000.
How much is this home worth?
The estimated value of the home located at 6 Wellesley Road is $393,799.
What are some comparable homes to 6 Wellesley Road?
There are currently no comparable homes to 6 Wellesley Road.
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