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Wellesley 02481
63 Forest St
$1,322,500
● House - Off Market

63 Forest St

Wellesley, MA 02481
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,135 Ft²
$2,345,912
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

All Wellesley Hills destinations at your doorstep! Train station, restaurants, high school, Brook Path, and tennis courts all within two blocks of this updated and classic Wellesley Hills colonial. Enjoy the private first floor master for yourself, or save for visiting family as there is a SECOND spacious master-style suite on the second floor!  All full baths new or remodeled. Enjoy warm weather in the magnificent entertainment size screened porch, open to two-tier deck. All designed to take in the view of easy-care perennial gardens, planned for interest in every season.  Wellesley Hills at it's best surrounds you. Do not miss!
Unit Size
3,135 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$430
Property Type
House
Property Taxes
$1,105
HOA Dues
-
Year Built
1924

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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 #71845117)

Price History

Date / Event Date Event Price
Sep 3, 2015 Sold
Premium
Sold
May 27, 2015 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $1,349,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate
Jun 29, 2010 Sold
Premium
Sold
Feb 22, 2010 Listed by Berkshire Hathaway HomeServices Town and Country Real Estate $1,299,000
Listed by Berkshire Hathaway HomeServices Town and Country Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1998
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • 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: 18,050
  • Total Building Area: 3,135
  • Building Area: 3,135
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,135
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000414
  • 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: 404202

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:076 R:033 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3048
  • Longitude: -71.2753

    Address

  • Full Address: 63 Forest St
  • Address - House Number: 63
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C005
  • 4-Digit Zip Code: 6825
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,819,400

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 2,197,518
  • High Value: 2,675,699
  • Low Value: 1,719,337

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,589,000
  • Assessed Land Value: $976,000
  • Assessed Improvements Value: $613,000

    Sales

  • Current Sale Recording Date: Sep 03, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87511
  • Previous Sale Recording Date: Jun 29, 2010
  • Previous Sale Amount: $1,200,000
  • 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

48.6 years

Currently For Sale

58 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: 5 months ago
Data Source: MLS PIN, MLS# 71845117

Frequently Asked Questions

When was property at 63 Forest Street built and last sold?
The property at 63 Forest Street was built in 1924 and last sold on Jan 1, 1970 for $1,322,500.
How much is this home worth?
The estimated value of the home located at 63 Forest Street is $1,358,961.
What are some comparable homes to 63 Forest Street?
There are currently no comparable homes to 63 Forest Street.
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