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Middlesex 01778
97 Draper Road
$849,000
● Land - Off Market

97 Draper Road

Wayland, MA 01778
bedrooms
Studio
bathrooms
0 Bath
$902,085
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Unique opportunity to build the home of your dreams in this sought after North Wayland Neighborhood. Pre-existing home has been demolished, site has been prepped  for building and a new five bedroom septic system has been installed. This pastoral 1.4 acre conforming lot is ready for your builder/architect. Permitted house design available. Top rated schools and convenient commuting location.
Unit Size
-
Days on Market
-
Land Size
1.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$976
HOA Dues
-
Year Built
1961

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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 #73035317)

Price History

Date / Event Date Event Price
Oct 12, 2022 Sold
Premium
Sold
Sep 19, 2022 In contract -
In contract
Sep 12, 2022 Listed by Advisors Living - Weston $849,000
Listed by Advisors Living - Weston
Nov 29, 2021 Sold
Premium
Sold
Sep 22, 2021 Listed by Advisors Living - Weston $879,000
Listed by Advisors Living - Weston

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 1,821
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 60,436
  • Total Building Area: 2,646
  • Gross Building Area: 5,529
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001387
  • 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: 366201

Zoning

  • Zoning: R60

Geography

  • Parcel: WAYL M:16 L:032
  • Lot: 32
  • Municipality: WAYLAND
  • Latitude: 42.3814
  • Longitude: -71.3413

    Address

  • Full Address: 97 Draper Rd
  • Address - House Number: 97
  • Address - Street Name: Draper
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wayland
  • Carrier Code: C003
  • 4-Digit Zip Code: 1715
  • Zip Code: 01778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,145,700

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 2,488,125
  • High Value: 2,680,919
  • Low Value: 2,295,331

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $688,100
  • Assessed Land Value: $588,100
  • Assessed Improvements Value: $100,000

    Sales

  • Current Sale Contract Date: Oct 06, 2022
  • Current Sale Recording Date: Oct 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 152928
  • Previous Sale Recording Date: Nov 29, 2021
  • Previous Sale Contract Date: Sep 03, 2021
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: O
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 Middlesex

Stats & Trends

Median Asking:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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# 73035317

Frequently Asked Questions

When was property at 97 Draper Road built and last sold?
The property at 97 Draper Road was built in 1961 and last sold on Oct 6, 2022 for $849,000.
How much is this home worth?
The estimated value of the home located at 97 Draper Road is $857,490.
What are some comparable homes to 97 Draper Road?
There are currently no comparable homes to 97 Draper Road.
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