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Wellesley 02482
7 Lovewell Rd
$1,067,000
● House - Off Market

7 Lovewell Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,901 Ft²
$1,833,098
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

This is the one! Rarely available in-town location on a private ended way with a short stroll to downtown Wellesley's shops, restaurants and train. A perfect setting for an elegant, pristine colonial. Formal Living Room opening through French doors to the most inviting ivy sheltered Porch that invites relaxation. Beautifully updated kitchen with dining area opens to family room. Master Bedroom with many closets, skylight, full bath is a serene retreat. Three Bedrooms complete the 2nd floor. Come fall in love with a home and incomparable lifestyle.
Unit Size
1,901 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$578
Property Type
House
Property Taxes
$844
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: 5 months ago (MLSPIN #71994754)

Price History

Date / Event Date Event Price
Dec 3, 2020 Sold
Premium
Sold
Oct 2, 2020 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,169,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.
Jul 14, 2016 Sold
Premium
Sold
Apr 27, 2016 Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St. $1,099,000
Listed by Coldwell Banker Residential Brokerage - Wellesley - Central St.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 7
  • 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: 19
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,039
  • Total Building Area: 1,884
  • Building Area: 1,884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,884
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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:124 R:038 S:
  • Municipality: WELLESLEY
  • Latitude: 42.293
  • Longitude: -71.2961

    Address

  • Full Address: 7 Lovewell Rd
  • Address - House Number: 7
  • Address - Street Name: Lovewell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C054
  • 4-Digit Zip Code: 6314
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,489,600

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,581,961
  • High Value: 1,852,967
  • Low Value: 1,310,955

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,301,000
  • Assessed Land Value: $898,000
  • Assessed Improvements Value: $403,000

    Sales

  • Current Sale Contract Date: Nov 17, 2020
  • Current Sale Recording Date: Dec 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 136179
  • Previous Sale Recording Date: Jul 14, 2016
  • Previous Sale Amount: $1,067,000
  • 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:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4246 ft²

Average Home Age

49.4 years

Currently For Sale

57 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# 71994754

Frequently Asked Questions

When was property at 7 Lovewell Road built and last sold?
The property at 7 Lovewell Road was built in 1930 and last sold on Nov 17, 2020 for $1,190,000.
How much is this home worth?
The estimated value of the home located at 7 Lovewell Road is $1,200,512.
What are some comparable homes to 7 Lovewell Road?
There are currently no comparable homes to 7 Lovewell Road.
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