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Cochituate 01778
8 Timber Lane
Photo of 8 Timber Lane
Sold on May 28, 2004

1

Map

$430,000
● House - Off Market

8 Timber Lane

Wayland, MA 01778
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$835,653
RealtyHop Estimate
89.92%
Since Jun 1, 2004
MA-Boston
Primary Model

About This Property

Adorable six room, 3 bdrm ranch is charming, well maintained and offers room for expansion. Hrdwd thruout and a wood burning FP in LR. The house has a newer furnace (2001). Kitchen & adjacent DR are bright & cheery. Porch & lrg flat yrd invite you outdoors. Spring is on the way!
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$407
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1943

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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 #70001339)

Price History

Date / Event Date Event Price
Jun 24, 2011 Sold
Premium
Sold
Apr 22, 2011 Listed $568,000
Listed
May 28, 2004 Sold
Premium
Sold
Mar 3, 2004 Listed $440,000
Listed
Sep 29, 1995 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 384
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,700
  • Total Building Area: 1,836
  • Gross Building Area: 3,075
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • 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: R30

Geography

  • Account Number: 1618
  • Parcel: WAYL M:52 L:009
  • Lot: 9
  • Municipality: WAYLAND
  • Latitude: 42.3211
  • Longitude: -71.3442

    Address

  • Full Address: 8 Timber Ln
  • Address - House Number: 8
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C016
  • 4-Digit Zip Code: 5110
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,539,800

    Appraisal Valuation

  • Standard Deviation: 0.1569
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,186,956
  • High Value: 1,373,244
  • Low Value: 1,000,669

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $924,800
  • Assessed Land Value: $401,200
  • Assessed Improvements Value: $523,600

    Sales

  • Current Sale Recording Date: Jun 24, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000010
  • Previous Sale Recording Date: May 28, 2004
  • Previous Sale Amount: $430,000
  • 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:

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70001339

Frequently Asked Questions

When was property at 8 Timber Lane built and last sold?
The property at 8 Timber Lane was built in 1943 and last sold on Jan 1, 1970 for $564,000.
How much is this home worth?
The estimated value of the home located at 8 Timber Lane is $605,043.
What are some comparable homes to 8 Timber Lane?
There are currently no comparable homes to 8 Timber Lane.
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