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Wellesley 02482
8 High Ledge Avenue
$382,000
● House - Off Market

8 High Ledge Avenue

Wellesley, MA 02482
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,102 Ft²
$1,007,784
RealtyHop Estimate
146.40%
Since Jan 1, 2002
MA-Boston
Primary Model

About This Property

PICTURESQUE BRICK FRONT 1930'S CAPE; HDWD FLOORS;SNUG AND COZY. WOODED SETTING ABUTS TOWN POND AND PARK LAND. FRONT TO BACK LR W/FP, SEP DIN RM,OLD FASHIONED KIT;DELIGHTFUL SUNRM PLUS ADJNG DEN,HTD MUDRM CONNECT GAR & KIT. OPPORTY CALLS!
Unit Size
1,102 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$371
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1938

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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 years ago (MLSPIN #30541313)

Price History

Date / Event Date Event Price
Dec 19, 2001 Sold
Premium
Sold
Sep 12, 2001 Listed by Rutledge Properties $409,000
Listed by Rutledge Properties

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 2008
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,310
  • Total Building Area: 3,024
  • Building Area: 3,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,024
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000374
  • 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: 404301

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:199 R:030 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3086
  • Longitude: -71.326

    Address

  • Full Address: 8 High Ledge Ave
  • Address - House Number: 8
  • Address - Street Name: High Ledge
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C026
  • 4-Digit Zip Code: 2242
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,322,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,802,829
  • High Value: 2,082,050
  • Low Value: 1,523,609

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,155,000
  • Assessed Land Value: $863,000
  • Assessed Improvements Value: $292,000

    Sales

  • Current Sale Recording Date: Oct 31, 2007
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 161237
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 years ago
Data Source: MLS PIN, MLS# 30541313

Frequently Asked Questions

When was property at 8 High Ledge Avenue built and last sold?
The property at 8 High Ledge Avenue was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 High Ledge Avenue is $0.
What are some comparable homes to 8 High Ledge Avenue?
There are currently no comparable homes to 8 High Ledge Avenue.
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