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Cochituate 01778
9 Cormans Lane
$705,000
● House - Off Market

9 Cormans Lane

Wayland, MA 01778
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,520 Ft²
$993,456
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

UNIQUE... SPACIOUS... OPEN...  and  BRIGHT... all describe this renovated 1870's Colonial - Three above ground living levels - 4 or 5 possible bedrooms - Potential In Law / Au pair / or home office suite - High ceilings - Newer systems - Windows replaced - Large deck and Delightful front porch -  Fenced level backyard - Private short dead end lane - Walk to shops - Mass pike & Cochituate State Park & Lake just minutes away - A Very Special Home !
Unit Size
2,520 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$276
Property Type
House
Property Taxes
$775
HOA Dues
-
Year Built
1870

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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 #72464250)

Price History

Date / Event Date Event Price
May 28, 2019 Sold
Premium
Sold
Mar 13, 2019 Listed by Coldwell Banker Residential Brokerage - Wayland $695,000
Listed by Coldwell Banker Residential Brokerage - Wayland

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,093
  • Total Building Area: 2,016
  • Gross Building Area: 3,475
  • Building Area: 2,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,016
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000278
  • 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:55 L:026
  • Lot: 26
  • Municipality: WAYLAND
  • Latitude: 42.3164
  • Longitude: -71.3643

    Address

  • Full Address: 9 Cormans Ln
  • Address - House Number: 9
  • Address - Street Name: Cormans
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C017
  • 4-Digit Zip Code: 4805
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,250,700

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 962,320
  • High Value: 1,177,547
  • Low Value: 747,093

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $751,200
  • Assessed Land Value: $348,700
  • Assessed Improvements Value: $402,500

    Sales

  • Current Sale Contract Date: May 07, 2019
  • Current Sale Recording Date: May 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69745
  • Previous Sale Recording Date: Jan 04, 2017
  • 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:

$937,000

Sale Price/ft²

$459

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2585 ft²

Average Home Age

79.3 years

Currently For Sale

20 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# 72464250

Frequently Asked Questions

When was property at 9 Cormans Lane built and last sold?
The property at 9 Cormans Lane was built in 1870 and last sold on May 7, 2019 for $705,000.
How much is this home worth?
The estimated value of the home located at 9 Cormans Lane is $727,957.
What are some comparable homes to 9 Cormans Lane?
There are currently no comparable homes to 9 Cormans Lane.
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