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Wellesley 02481
7 Alba Rd
$1,200,000
● House - Off Market

7 Alba Rd

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,224 Ft²
$1,844,578
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Complete renovation and stylish transformation of this classic colonial nestled on a tree lined street in fantastic close to town and train location. This wonderful property streaming with natural light welcomes you with open and flexible floor plan and ample living space. Modern gourmet chef's kitchen with convenient breakfast bar, elegant dining room , spacious fireplaced living room with french doors opening to stone patio and large landscaped private back yard, private home office with walls of windows. Inviting master suite and two spacious family bedrooms complete the second floor. Lower level includes large play room, laundry, bedroom and full bath. Truly turn key , this picture perfect home is urban /suburban living at its best !
Unit Size
2,224 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$555
Property Type
House
Property Taxes
$748
HOA Dues
-
Year Built
1947

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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 #72403057)

Price History

Date / Event Date Event Price
Dec 21, 2018 Sold
Premium
Sold
Sep 28, 2018 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $1,235,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St
Apr 27, 2018 Sold
Premium
Sold
Mar 20, 2018 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $799,999
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,208
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • 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:098 R:056 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3048
  • Longitude: -71.2858

    Address

  • Full Address: 7 Alba Rd
  • Address - House Number: 7
  • Address - Street Name: Alba
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C012
  • 4-Digit Zip Code: 4801
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,408,400

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,488,322
  • High Value: 1,742,449
  • Low Value: 1,234,194

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,230,000
  • Assessed Land Value: $815,000
  • Assessed Improvements Value: $415,000

    Sales

  • Current Sale Contract Date: Dec 17, 2018
  • Current Sale Recording Date: Dec 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113976
  • Previous Sale Recording Date: Apr 27, 2018
  • Previous Sale Amount: $915,000
  • 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

4348 ft²

Average Home Age

50.1 years

Currently For Sale

59 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# 72403057

Frequently Asked Questions

When was property at 7 Alba Road built and last sold?
The property at 7 Alba Road was built in 1947 and last sold on Dec 17, 2018 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 7 Alba Road is $1,256,728.
What are some comparable homes to 7 Alba Road?
There are currently no comparable homes to 7 Alba Road.
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