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Middlesex 01778
78 Draper Rd.
$700,000
● House - Off Market

78 Draper Rd.

Wayland, MA 01778
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,880 Ft²
$1,286,266
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

Opportunity to build a magnificent dream home on this spectacular 3.87 acre parcel in the heart of the Claypit Hill neighborhood.  Wooded, private parcel has potential for one or two luxury custom homes on a two lot subdivision.  Preliminary sketch of potential lots attached.  Sub surface soil tests complete and show excellent conditions for two 5/6 bedroom homes.  Existing two bedroom ranch home is being sold as is. Also listed as Land under MLS 72533572.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
3.84 acres
Price per sqft
$478
Property Type
House
Property Taxes
$1,162
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72533528)

Price History

Date / Event Date Event Price
Sep 26, 2019 Sold
Premium
Sold
Jul 12, 2019 Listed by Coldwell Banker Residential Brokerage - Weston $899,000
Listed by Coldwell Banker Residential Brokerage - Weston

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 1,340
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 167,158
  • Total Building Area: 1,880
  • Gross Building Area: 3,774
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003837
  • 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: 366201

Zoning

  • Zoning: R60

Geography

  • Parcel: WAYL M:16 L:020
  • Lot: 20
  • Municipality: WAYLAND
  • Latitude: 42.3788
  • Longitude: -71.3405

    Address

  • Full Address: 78 Draper Rd
  • Address - House Number: 78
  • Address - Street Name: Draper
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C003
  • 4-Digit Zip Code: 1718
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,429,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,028,550
  • High Value: 1,189,196
  • Low Value: 867,903

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $858,500
  • Assessed Land Value: $658,900
  • Assessed Improvements Value: $199,600

    Sales

  • Current Sale Contract Date: Sep 10, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1824422
  • Previous Sale Recording Date: Feb 08, 2005
  • Previous Sale Document Type: 48
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 Middlesex

Stats & Trends

Median Asking:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2710 ft²

Average Home Age

65.4 years

Currently For Sale

3257 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# 72533528

Frequently Asked Questions

When was property at 78 Draper Road built and last sold?
The property at 78 Draper Road was built in 1940 and last sold on Sep 10, 2019 for $700,000.
How much is this home worth?
The estimated value of the home located at 78 Draper Road is $891,384.
What are some comparable homes to 78 Draper Road?
There are currently no comparable homes to 78 Draper Road.
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