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Wellesley 02482
7 Hodges Avenue
$1,438,000
● House - Off Market

7 Hodges Avenue

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,540 Ft²
$2,047,844
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Great renovation in convenient Woodlands Neighborhood.  Close to Town, train, Morse's Pond and schools.  New white eat-in kitchen, with stainless steel Bosch appliance suite, large stainless steel sink and granite counters.   All new baths with designer tiles.  Master bath with large shower and soaking tub.  Full bath with double sinks.  All new systems including central air, warm air heat and on-demand hot water.  Fresh decor with many energy efficient lights.  Updated and open floor plan.  Amazing value.  Don't miss out.
Unit Size
2,540 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$566
Property Type
House
Property Taxes
$937
HOA Dues
-
Year Built
1996

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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 #72554132)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
May 20, 2021 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,675,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Oct 18, 2019 Sold
Premium
Sold
Aug 23, 2019 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,438,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,211
  • Total Building Area: 2,516
  • Building Area: 2,516
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,516
  • 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: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:160 R:004 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2995
  • Longitude: -71.3087

    Address

  • Full Address: 7 Hodges Ave
  • Address - House Number: 7
  • Address - Street Name: Hodges
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C049
  • 4-Digit Zip Code: 4403
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,648,800

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,902,392
  • High Value: 2,228,291
  • Low Value: 1,576,493

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,440,000
  • Assessed Land Value: $815,000
  • Assessed Improvements Value: $625,000

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96362
  • Previous Sale Recording Date: Oct 18, 2019
  • Previous Sale Contract Date: Oct 18, 2019
  • Previous Sale Amount: $1,438,000
  • 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

4244 ft²

Average Home Age

53.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72554132

Frequently Asked Questions

When was property at 7 Hodges Avenue built and last sold?
The property at 7 Hodges Avenue was built in 1996 and last sold on Jul 23, 2021 for $1,750,000.
How much is this home worth?
The estimated value of the home located at 7 Hodges Avenue is $1,698,232.
What are some comparable homes to 7 Hodges Avenue?
There are currently no comparable homes to 7 Hodges Avenue.
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