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Wellesley 02482
7 Summit Rd
$1,550,000
● House - Off Market

7 Summit Rd

Wellesley, MA 02482
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,911 Ft²
$1,403,691
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Absolutely brimming with charm, this enchanting Cape in the coveted College Heights neighborhood is the perfect place to call home! Extensively renovated with thoughtful details and superb taste throughout.  Sensational, sunfilled kitchen has an expansive island, beautiful cabinetry and many windows. Functional and deep custom built-ins, a living room with fireplace, and an elegant dining room. The second story has an ensuite main bedroom with generous closets, three additional bedrooms, another bath and full sized washer and dryer. There is a spacious deck where you can relax and enjoy being surrounded by the beautiful grounds. This one IS a must see... walk to Linden Square, town, the train, and schools.  What a great home in a great location!
Unit Size
1,911 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$732
Property Type
House
Property Taxes
$869
HOA Dues
-
Year Built
1948

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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 #73082912)

Price History

Date / Event Date Event Price
Jun 5, 2023 Sold
Premium
Sold
Mar 5, 2023 In contract -
In contract
Mar 1, 2023 Listed by Douglas Elliman Real Estate - Wellesley $1,399,000
Listed by Douglas Elliman Real Estate - Wellesley
Mar 13, 2015 Sold
Premium
Sold
Jan 14, 2015 Listed by Douglas Elliman Real Estate - Wellesley $659,000
Listed by Douglas Elliman Real Estate - Wellesley
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 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: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,147
  • Total Building Area: 1,911
  • Building Area: 1,911
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,911
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • 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:136 R:040 S:
  • Municipality: WELLESLEY
  • Latitude: 42.299
  • Longitude: -71.2972

    Address

  • Full Address: 7 Summit Rd
  • Address - House Number: 7
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4613
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,043,100

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,359,233
  • High Value: 1,594,809
  • Low Value: 1,123,657

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $911,000
  • Assessed Land Value: $765,000
  • Assessed Improvements Value: $146,000

    Sales

  • Current Sale Contract Date: Jun 05, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33994
  • Previous Sale Recording Date: May 21, 2018
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$2,195,000

Sale Price/ft²

$670

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4171 ft²

Average Home Age

51.8 years

Currently For Sale

60 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# 73082912

Frequently Asked Questions

When was property at 7 Summit Road built and last sold?
The property at 7 Summit Road was built in 1948 and last sold on Jun 5, 2023 for $1,550,000.
How much is this home worth?
The estimated value of the home located at 7 Summit Road is $1,411,328.
What are some comparable homes to 7 Summit Road?
There are currently no comparable homes to 7 Summit Road.
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