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Cochituate 01778
8 Joyce Rd
$740,000
● House - Off Market

8 Joyce Rd

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,044 Ft²
$980,521
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Location, Location, Location!!  This light, bright and beautifully maintained expanded multi-level is situated on a private ½ acre lot in established neighborhood.  This home offers 3 or 4 bedrooms (see disclosure), updated cherry kitchen with   granite countertops and backsplash, stainless appliances and a breakfast bar, updated baths with quartz and tile, formal living room with fireplace, formal and informal dining spaces and expansive lower level family room. Hardwood floors, central air (plus wall units for back up) and storage galore.  In addition there is a small mudroom, screened breezeway, 2 car garage and trex/vinyl deck. Unfinished lower level could be finished as well. Easy access to highways, shopping,restaurants and walking path to the middle school.
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$367
Property Type
House
Property Taxes
$881
HOA Dues
-
Year Built
1959

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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 #72697668)

Price History

Date / Event Date Event Price
Sep 30, 2020 Sold
Premium
Sold
Jul 24, 2020 Listed by Berkshire Hathaway HomeServices Stephan Real Estate $749,900
Listed by Berkshire Hathaway HomeServices Stephan Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,488
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,012
  • Total Building Area: 1,560
  • Gross Building Area: 3,785
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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: 366100

Zoning

  • Zoning: R20

Geography

  • Parcel: WAYL M:48 L:168
  • Lot: 168
  • Municipality: WAYLAND
  • Latitude: 42.3255
  • Longitude: -71.3578

    Address

  • Full Address: 8 Joyce Rd
  • Address - House Number: 8
  • Address - Street Name: Joyce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 4516
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,291,000

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 952,230
  • High Value: 1,120,034
  • Low Value: 784,426

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,400
  • Assessed Land Value: $446,500
  • Assessed Improvements Value: $328,900

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 175598
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:

$949,000

Sale Price/ft²

$457

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2683 ft²

Average Home Age

80.8 years

Currently For Sale

17 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72697668

Frequently Asked Questions

When was property at 8 Joyce Road built and last sold?
The property at 8 Joyce Road was built in 1959 and last sold on Sep 25, 2020 for $740,000.
How much is this home worth?
The estimated value of the home located at 8 Joyce Road is $767,958.
What are some comparable homes to 8 Joyce Road?
There are currently no comparable homes to 8 Joyce Road.
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