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Cochituate 01778
7 Rice Spring Lane
Photo of 7 Rice Spring Lane
Sold on Dec 13, 2006

1

Map

$645,000
● House - Off Market

7 Rice Spring Lane

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,219 Ft²
$1,253,662
RealtyHop Estimate
90.24%
Since Jan 1, 2007
MA-Boston
Primary Model

About This Property

Spacious,eight room Contempory Ranch in Happy Hollow, light & bright with lots of glass, bringing the outdoors in.  Many Custom features throughout, great closet space and lots of built-ins.  Sunroom with quarry file floor and skylights is surrounded by redwood deck and overlooks flagstone patio.  Private, well landscaped back yard with tranquil views and many pathways to enjoy your quiet evenings.  All this with a two car garage in a quiet Happy Hollow neighborhood.
Unit Size
2,219 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$297
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1953

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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 #70466674)

Price History

Date / Event Date Event Price
Dec 13, 2006 Sold
Premium
Sold
Sep 29, 2006 Listed $659,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,503
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,450
  • Total Building Area: 2,399
  • Gross Building Area: 5,161
  • Building Area: 2,399
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAPPY HOL ROAD & RICE SPG LANE
  • Land Acres: 0000000906
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wayland School District
  • School Tax School District: WAYLAND SD
  • Census Tract: 366202

Zoning

  • Zoning: R40

Geography

  • Parcel: WAYL M:43B L:008
  • Lot: 8
  • Municipality: WAYLAND
  • Latitude: 42.3381
  • Longitude: -71.3624

    Address

  • Full Address: 7 Rice Spring Ln
  • Address - House Number: 7
  • Address - Street Name: Rice Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3509
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,460,000

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,127,681
  • High Value: 1,328,139
  • Low Value: 927,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $876,900
  • Assessed Land Value: $481,600
  • Assessed Improvements Value: $395,300

    Sales

  • Current Sale Recording Date: Dec 13, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00236363
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 Cochituate

Stats & Trends

Median Asking:

$939,000

Sale Price/ft²

$461

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2564 ft²

Average Home Age

81.8 years

Currently For Sale

16 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# 70466674

Frequently Asked Questions

When was property at 7 Rice Spring Lane built and last sold?
The property at 7 Rice Spring Lane was built in 1953 and last sold on Jan 1, 1970 for $645,000.
How much is this home worth?
The estimated value of the home located at 7 Rice Spring Lane is $685,294.
What are some comparable homes to 7 Rice Spring Lane?
There are currently no comparable homes to 7 Rice Spring Lane.
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