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Wellesley 02482
7 Cross Street
$1,850,000
● House - Off Market

7 Cross Street

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,232 Ft²
$3,265,060
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Meticulously renovated Cape offers a sophisticated retreat in the heart of Wellesley Square.  An exquisite gourmet chef's kitchen with center island, high end appliances and butler's pantry opens to sun filled fireplaced family room with gleaming hardwood floors and French doors to private patio. Stunning master bedroom features a luxurious spa-like marble bath.  Incredible guest suite or home office includes a full bath and kitchen, lending added flexibility to floor plan. Fantastic lower level offers exercise room, media room and full bath.  Close to town, train, restaurants and shops...Urban - suburban living at it's best!
Unit Size
3,232 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$580
Property Type
House
Property Taxes
$1,139
HOA Dues
-
Year Built
1926

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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 #71814835)

Price History

Date / Event Date Event Price
Jun 29, 2015 Sold
Premium
Sold
Apr 9, 2015 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $1,875,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St
Jul 1, 2014 Sold
Premium
Sold
Apr 21, 2014 Listed by Benoit Mizner Simon & Co. - Wellesley - Central St $1,777,000
Listed by Benoit Mizner Simon & Co. - Wellesley - Central St
Dec 16, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 2010
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,460
  • Total Building Area: 3,440
  • Building Area: 3,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 3,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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:137 R:028 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2952
  • Longitude: -71.2967

    Address

  • Full Address: 7 Cross St
  • Address - House Number: 7
  • Address - Street Name: Cross
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C048
  • 4-Digit Zip Code: 6324
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,150,300

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,423,939
  • High Value: 2,799,356
  • Low Value: 2,048,521

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,878,000
  • Assessed Land Value: $904,000
  • Assessed Improvements Value: $974,000

    Sales

  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59555
  • Previous Sale Recording Date: Jul 01, 2014
  • Previous Sale Amount: $1,777,000
  • 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

$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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71814835

Frequently Asked Questions

When was property at 7 Cross Street built and last sold?
The property at 7 Cross Street was built in 1926 and last sold on Jan 1, 1970 for $1,850,000.
How much is this home worth?
The estimated value of the home located at 7 Cross Street is $1,879,570.
What are some comparable homes to 7 Cross Street?
There are currently no comparable homes to 7 Cross Street.
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