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Wellesley 02482
7 Amherst Road
$1,660,000
● House - Off Market

7 Amherst Road

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,400 Ft²
$4,943,319
RealtyHop Estimate
195.12%
Since Jun 1, 2000
MA-Boston
Primary Model

About This Property

EXQUISITELY REMODELED AND DECORATED 4 BEDROOM 41/2 BATH BRICK SLATE ROOF CAPE. FIVE FIREPLACE AND MUCH CHARM. 3/4 ACRE ARCHITECTURALLY DESIGNED LOT WITH BRICK WALKS AND PATIO.
Unit Size
4,400 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$381
Property Type
House
Property Taxes
$758
HOA Dues
-
Year Built
1930

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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 #30389204)

Price History

Date / Event Date Event Price
May 15, 2000 Sold
Premium
Sold
Mar 1, 2000 Listed by Louise Condon Realty $1,675,000
Listed by Louise Condon Realty
Jan 15, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2005
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,297
  • Total Building Area: 4,241
  • Building Area: 4,241
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,241
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 197-199 SOUTH STREET
  • Land Acres: 0000000673
  • 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: 404400

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:100 R:069 S:
  • Municipality: WELLESLEY
  • Latitude: 42.295
  • Longitude: -71.2858

    Address

  • Full Address: 7 Amherst Rd
  • Address - House Number: 7
  • Address - Street Name: Amherst
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C047
  • 4-Digit Zip Code: 6610
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,515,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,809,180
  • High Value: 3,244,263
  • Low Value: 2,374,097

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,197,000
  • Assessed Land Value: $1,309,000
  • Assessed Improvements Value: $888,000

    Sales

  • Current Sale Recording Date: May 15, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 15, 1998
  • Previous Sale Amount: $685,000
  • 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 Wellesley

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$670

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 years ago
Data Source: MLS PIN, MLS# 30389204

Frequently Asked Questions

When was property at 7 Amherst Road built and last sold?
The property at 7 Amherst Road was built in 1930 and last sold on Jan 1, 1970 for $1,660,000.
How much is this home worth?
The estimated value of the home located at 7 Amherst Road is $0.
What are some comparable homes to 7 Amherst Road?
There are currently no comparable homes to 7 Amherst Road.
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