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Cochituate 01778
9 Park Lane
Photo of 9 Park Lane
Sold on Oct 31, 2005

1

Map

$236,000
● House - Off Market

9 Park Lane

Wayland, MA 01778
bedrooms
1 Bed
bathrooms
1 Bath
square feet
592 Ft²
$440,517
RealtyHop Estimate
76.21%
Since Nov 1, 2005
MA-Boston
Primary Model

About This Property

Financing fell through, second chance to own this much-loved home.  An absolute dollhouse within walking distance to Dudley Pond and Happy Hollow School. Small in size but big in character, this one bedroom home plus den is a great condo-alternative.  Enjoy summer evenings in the sunroom or grill out on the deck.  Many upgrades including newer rubber roof, 5 year old gas heating system, and newer hot water heater. Why pay a condo fee when you can have your own piece of the pie?
Unit Size
592 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$422
Property Type
House
Property Taxes
$222
HOA Dues
-
Year Built
1930

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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: 6 months ago (MLSPIN #70182897)

Price History

Date / Event Date Event Price
Oct 31, 2005 Sold
Premium
Sold
Apr 30, 2005 Listed $250,000
Listed

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,912
  • Total Building Area: 592
  • Gross Building Area: 1,086
  • Building Area: 592
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • 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:43C L:019
  • Lot: 19
  • Municipality: WAYLAND
  • Latitude: 42.3347
  • Longitude: -71.3685

    Address

  • Full Address: 9 Park Ln
  • Address - House Number: 9
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wayland
  • Carrier Code: C006
  • 4-Digit Zip Code: 3413
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $572,300

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 451,031
  • High Value: 530,558
  • Low Value: 371,504

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,700
  • Assessed Land Value: $307,500
  • Assessed Improvements Value: $36,200

    Sales

  • Current Sale Recording Date: Oct 31, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00241313
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

$455

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2833 ft²

Average Home Age

77.4 years

Currently For Sale

14 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: 6 months ago
Data Source: MLS PIN, MLS# 70182897

Frequently Asked Questions

When was property at 9 Park Lane built and last sold?
The property at 9 Park Lane was built in 1930 and last sold on Jan 1, 1970 for $236,000.
How much is this home worth?
The estimated value of the home located at 9 Park Lane is $251,369.
What are some comparable homes to 9 Park Lane?
There are currently no comparable homes to 9 Park Lane.
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