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Wellesley 02481
62 Arnold Rd
$1,475,000
● House - Off Market

62 Arnold Rd

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,407 Ft²
$1,553,521
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

On a quiet winding road in Wellesley's incomparable Cliff Estates, this right-sized eight room cape is nestled on a beautifully landscaped corner, with well-loved gardens. Sun-splashed living room, eat-in kitchen open to delightful family room.  Three generous bedrooms with possibility of a first floor master. Welcoming 3-season garden room leads to spacious sunny deck.  Direct entrance to great lower level with powder room, fireplaced family room with oversized windows for full afternoon sun, all provide the possibility of a fabulous home office. This is a home to love.
Unit Size
2,407 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$621
Property Type
House
Property Taxes
$1,042
HOA Dues
-
Year Built
1950

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 months ago (MLSPIN #72909810)

Price History

Date / Event Date Event Price
Mar 1, 2022 Sold
Premium
Sold
Oct 18, 2021 Listed by Rutledge Properties $1,495,000
Listed by Rutledge Properties

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 375
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,977
  • Total Building Area: 1,999
  • Building Area: 1,999
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,999
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000436
  • 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: 404201

Zoning

  • Zoning: SR20

Geography

  • Parcel: WELL M:096 R:046 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3119
  • Longitude: -71.2872

    Address

  • Full Address: 62 Arnold Rd
  • Address - House Number: 62
  • Address - Street Name: Arnold
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C036
  • 4-Digit Zip Code: 2842
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,387,700

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,607,642
  • High Value: 1,886,389
  • Low Value: 1,328,895

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,212,000
  • Assessed Land Value: $972,000
  • Assessed Improvements Value: $240,000

    Sales

  • Current Sale Contract Date: Mar 01, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1498941
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

4280 ft²

Average Home Age

52.9 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# 72909810

Frequently Asked Questions

When was property at 62 Arnold Road built and last sold?
The property at 62 Arnold Road was built in 1950 and last sold on Mar 1, 2022 for $1,475,000.
How much is this home worth?
The estimated value of the home located at 62 Arnold Road is $1,517,646.
What are some comparable homes to 62 Arnold Road?
There are currently no comparable homes to 62 Arnold Road.
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