Seller's Agent in 2024
Joan Vaccaro
Keller Williams Boston MetroWest
(508) 930-9755
40 Total Sales
31 Cochituate Rd Wayland, MA 01778
3
Beds
4
Baths
3,870
Sq Ft
5,248
Sq Ft Lot
Highlights
- Wood Flooring
- Attic
- Corner Lot
- Wayland High School Rated A+
- 4 Fireplaces
- Covered patio or porch
About This Home
As of November 2024A prime, mixed use commercial/residential investment opportunity, in the heart of Wayland’s downtown! This beautiful historic Federal Colonial, had several uses through the yrs.The George Smith House was built as a residence & dry goods grocery store & was the first Post Office in town. Recently owned by the same family for 40 yrs. The home features a traditional hip-roof front entry porch & includes #5 & #7 Pelham Island Rd. Currently there is a practice in two units, one with a lobby, office, open spaces & 2 half baths & storage.The other small attached unit has a lobby, an open area and a 1/2 bath. The residential unit (on the 2nd & 3rd level) has 3 bdrms & 1.5 baths. Located at the high visibility intersection of Cochituate & Pelham Island Rd, the property is nestled amongst historic buildings & a short distance to the Wayland Town Center, favorite restaurants & shops. To convert the 1st flr to a 2nd apartment, will need Town Approvals. Also listed as Commercial. Sold “As is"
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,351
Year Built
- Built in 1850
Lot Details
- 5,248 Sq Ft Lot
- Near Conservation Area
- Corner Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
- Stone
Interior Spaces
- 3,870 Sq Ft Home
- Property has 1 Level
- 4 Fireplaces
- Wood Burning Fireplace
- Living Room
- Storage
- Washer and Dryer
- Basement Fills Entire Space Under The House
- Oven
- Attic
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Covered patio or porch
- Rain Gutters
Location
- Property is near schools
Schools
- Wayland High School
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- Total Actual Rent $3,010
- Rent includes unit 1(water hot water), unit 2(hot water)
- Assessor Parcel Number 3523043
Community Details
Recreation
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $2,400
- Water Sewer Expense $1,500
- Operating Expense $17,451
- Net Operating Income $36,120
Additional Features
- 2 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2014
Sold by
Lin Siu Shyong and Lin Pei H
Bought by
Large Ocean Rt and Lin
Total Days on Market
13
Current Estimated Value
Purchase Details
Closed on
Nov 20, 1979
Bought by
Lin Siu Shyong and Pei Hui
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $872,000 | Purchase Money Mortgage | |
| Closed | $872,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2024 11/13/24 | Sold | $1,150,000 | +4.5% | $297 / Sq Ft |
| 08/30/2024 08/30/24 | Pending | -- | -- | -- |
| 08/17/2024 08/17/24 | For Sale | $1,100,000 | -- | $284 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,848 | $566,100 | $173,500 | $392,600 |
| 2024 | $8,351 | $538,100 | $165,200 | $372,900 |
| 2023 | $8,052 | $483,600 | $150,200 | $333,400 |
| 2022 | $8,245 | $449,300 | $124,400 | $324,900 |
| 2021 | $5,956 | $429,500 | $113,100 | $316,400 |
| 2020 | $7,628 | $429,500 | $113,100 | $316,400 |
| 2019 | $7,851 | $429,500 | $113,100 | $316,400 |
| 2018 | $5,724 | $415,400 | $113,100 | $302,300 |
| 2017 | $5,658 | $404,200 | $113,100 | $291,100 |
| 2016 | $6,861 | $395,700 | $113,100 | $282,600 |
| 2015 | $7,174 | $390,100 | $113,100 | $277,000 |
Source: Public Records
Agents Affiliated with this Home
-
Joan Vaccaro
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73277548
APN: WAYL-000023-000000-000044
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