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Cochituate 01778
8 Rice Spring Lane
$505,000
● House - Off Market

8 Rice Spring Lane

Wayland, MA 01778
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,200 Ft²
$1,021,065
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

Bright & airy ranch w/charm & character majestically situated on a well landscaped lot w/terraced stone walls & mature plantings in Happy Hollow area.  Park-like backyard,a nature lovers delight w/a cottage,a hobby enthusiast's delight or perfect for an office or workshop.Home is surprisingly spacious w/lots of closets,storage & build-ins.Recently updated kitchen w/skylight.First floor consists of FP LR, DR area,kitchen,2 spacious BR & full bath.Open stairway to LL w/3 spacious rms & full bath.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$236
Property Type
House
Property Taxes
$598
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 #70659464)

Price History

Date / Event Date Event Price
Jul 7, 2008 Sold
Premium
Sold
Oct 5, 2007 Listed by Coldwell Banker Residential Brokerage - Wayland $519,000
Listed by Coldwell Banker Residential Brokerage - Wayland
Jan 11, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,192
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,250
  • Total Building Area: 1,200
  • Gross Building Area: 2,872
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000786
  • 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: R30

Geography

  • Parcel: WAYL M:43B L:034
  • Lot: 34
  • Municipality: WAYLAND
  • Latitude: 42.3379
  • Longitude: -71.363

    Address

  • Full Address: 8 Rice Spring Ln
  • Address - House Number: 8
  • Address - Street Name: Rice Spring
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C013
  • 4-Digit Zip Code: 3510
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,218,900

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 885,361
  • High Value: 1,023,643
  • Low Value: 747,079

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $732,100
  • Assessed Land Value: $466,500
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Recording Date: Jul 07, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00111822
  • Previous Sale Recording Date: Jan 11, 1995
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 27
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

$457

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2560 ft²

Average Home Age

80.6 years

Currently For Sale

18 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# 70659464

Frequently Asked Questions

When was property at 8 Rice Spring Lane built and last sold?
The property at 8 Rice Spring Lane was built in 1953 and last sold on Jan 1, 1970 for $505,000.
How much is this home worth?
The estimated value of the home located at 8 Rice Spring Lane is $547,843.
What are some comparable homes to 8 Rice Spring Lane?
There are currently no comparable homes to 8 Rice Spring Lane.
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