$775,000
SOLD DEC 22, 2021

186 Main St Wayland, MA 01778

4 Beds
2 Baths
3,201 Sq Ft
0.72 Acres

Recently Sold

$242 Per Sq Ft

7% Below List Price

32 Days on Market

About This Home

As of February 2025

The Wing-Hemmenway house was built around 1875 in Cochituate Village during the height of Shoe Manufacturing at the nearby Bent Shoe Company. Originally built as a single family home in the vernacular Italianate design. The three story home features a full length front porch, and two dormers on .72 acres. In the mid 20th C an addition was added and later the property was converted into a 2 family home as it remains today. Each unit has 2 BR and 1 BA. First floor unit is approx. 1456 sf and second floor unit includes walk up to 3rd floor with 4 additional rooms of approx. 2400 sf total. Both units now vacant but had been rented to the same tenants for many years. Loads of opportunity – convert back to SF residence or great income producing 2 family in prime location in close proximity to schools and shops.

Last Agent to Sell the Property

Tanimoto Owens Team

Advisors Living - Weston Listed on: 10/19/2021

Advisors Living - Weston

Last Buyer's Agent

Marc Cercone

Realty Executives Boston West

Realty Executives Boston West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,605

Year Built

  • 1875

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,605

Year Built

1875

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: Near King St and across from Wayland Middle School
  • Garage Yn: No
  • Year Built Details: Renovated Since
  • Special Features: None
  • Year Built: 1875

Interior Features

  • Appliances: Utility Connections for Gas Range, Utility Connections Varies per Unit
  • Has Basement: Interior Entry, Bulkhead
  • Total Bathrooms: 2
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 242.11
  • PRICE PER Sq Ft: 242.11
  • MAIN SO: AN6181
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Disclosures: Septic Is 5br Design. Roof 2016. 1st Floor Furnace Older Unknown Age, 2nd Floor Furnace 20 Years.Current Rents Are Well Below Market Value, Tenants Had Been There Over 25 Years. Oil Heat In Both Units, One Zone Each. 3rd Floor Has Electric Heat. Photos Are Of 2 & 3 Floor Apt.
  • Patio And Porch Features: Porch
  • Waterfront Features: Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • HEAT ZONES: 2
  • Sewer: Private Sewer
  • Utilities: for Gas Range, Varies per Unit
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Public School

Lot Info

  • LOT SIZE: 31444
  • PAGE: 382
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 31363.199999
  • Zoning: R20

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 42000
  • Property Net Operating Income: 42000
  • Number Of Units Total: 2
  • Total Actual Rent: 3500

Tax Info

  • Tax Annual Amount: 11931
  • Tax Book Number: 22777
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Feb 15, 2022
Sold by
Ivancic Michael J
Bought by
186 Main Street Mji Llc
Seller's Agent
Tanimoto Owens Team
Advisors Living - Weston
Buyer's Agent
Marc Cercone
Realty Executives Boston West
List Price
$835,000
Sold Price
$775,000
Premium/Discount to List
-$60,000
-7.19%
Current Estimated Value
$1,126,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,439
Avg. Annual Appreciation
11.06%
Original Mortgage
$620,000
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $640,800 Purchase Money Mortgage
Closed $640,800 Purchase Money Mortgage
Previous Owner $620,000 Purchase Money Mortgage
Previous Owner $164,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $1,150,000 +4.5% $359 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,100,000 +23.6% $344 / Sq Ft
08/26/2022 08/26/22 Sold $889,900 0.0% $278 / Sq Ft
07/15/2022 07/15/22 For Sale $889,900 +14.8% $278 / Sq Ft
12/22/2021 12/22/21 Sold $775,000 -7.2% $242 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $835,000 -- $261 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,605 $934,400 $465,700 $468,700
2024 $13,803 $889,400 $443,600 $445,800
2023 $12,201 $732,800 $403,400 $329,400
2022 $12,522 $682,400 $334,100 $348,300
2021 $11,931 $644,200 $310,600 $333,600
2020 $11,441 $644,200 $310,600 $333,600
2019 $10,356 $566,500 $295,900 $270,600
2018 $9,657 $535,600 $295,900 $239,700
2017 $9,085 $500,800 $281,800 $219,000
2016 $8,373 $482,900 $276,300 $206,600
2015 $8,958 $487,100 $276,300 $210,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72910043

MLS Property Information Network (MLS PIN)

APN: WAYL-000051B-000000-000082