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Wellesley 02482
9 Lawrence Road
$499,000
● House - Off Market

9 Lawrence Road

Wellesley, MA 02482
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$947,706
RealtyHop Estimate
89.92%
Since Jun 1, 2004
MA-Boston
Primary Model

About This Property

Small and neat.  This Colonial is in a neighborhood undergoing change.  Expand and/or remodel.  Inground Pool and Brick Patio Garden is a pleasant surprise to the rear.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$433
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1920

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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 #70006994)

Price History

Date / Event Date Event Price
May 14, 2004 Sold
Premium
Sold
Mar 16, 2004 Listed by Channing Associates $499,000
Listed by Channing Associates
Jul 19, 1999 Sold
Premium
Sold
Apr 28, 1999 Listed by Channing Associates $309,000
Listed by Channing Associates

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,590
  • Total Building Area: 1,279
  • Building Area: 1,279
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,279
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHITING
  • Land Acres: 0000000151
  • 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: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:159 R:088 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3033
  • Longitude: -71.3064

    Address

  • Full Address: 9 Lawrence Rd
  • Address - House Number: 9
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C033
  • 4-Digit Zip Code: 4516
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $952,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,060,771
  • High Value: 1,225,063
  • Low Value: 896,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $832,000
  • Assessed Land Value: $733,000
  • Assessed Improvements Value: $99,000

    Sales

  • Current Sale Recording Date: May 14, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 19, 1999
  • Previous Sale Amount: $308,500
  • 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 Wellesley

Stats & Trends

Median Asking:

$2,150,000

Sale Price/ft²

$671

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4280 ft²

Average Home Age

52.9 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 months ago
Data Source: MLS PIN, MLS# 70006994

Frequently Asked Questions

When was property at 9 Lawrence Road built and last sold?
The property at 9 Lawrence Road was built in 1920 and last sold on Jan 1, 1970 for $499,000.
How much is this home worth?
The estimated value of the home located at 9 Lawrence Road is $511,088.
What are some comparable homes to 9 Lawrence Road?
There are currently no comparable homes to 9 Lawrence Road.
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