NOT LISTED FOR SALE

Estimated Value: $2,862,000 - $7,822,000

1.11 Acres
$5,042,920 Price per Acre
48,352 Sq Ft Lot

Last Sold April 14, 2017

Last sale price $1,675,000 $516 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $38,095/month

126 Days on Market

Highlights

  • 1.11 Acre Lot
  • Property is near public transit
  • Wooded Lot
  • Sprague Elementary School Rated A

About This Lot

As of April 2017

Build your dream home in one of Wellesley's most coveted locations. Offering 1.11 acres of lush, private grounds in the heart of WELLESLEY FARMS. With 170 ft of frontage and a beautiful circular drive, it is the perfect setting for an estate property. Rare opportunity to build in an area with incredible supporting values and one-of-a-kind custom homes. This premier WELLESLEY FARMS neighborhood offers a stunning backdrop for a custom home while providing quick access to major routes. It is truly the best of both worlds! Buyer to do own due diligence. Showings must be accompanied.

Last Listed By

Traci Shulkin

Compass Listed on: 11/05/2016

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,023

Year Built

  • 1950

Lot Details

  • 1.11 Acre Lot
  • Property fronts an easement
  • Wooded Lot
  • Property is zoned SR20

Schools

  • Wellesley Elementary And Middle School
  • Wellesley High School

Additional Features

  • Property is near public transit
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number M:083 R:022 S:,259732

Property Details

Property Type

Land

Est. Annual Taxes

$19,023

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 2.5
  • Transaction Broker Type: %
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Year Built: 1950

Interior Features

  • MAIN LO: AC0817
  • MAIN SO: an6181

Exterior Features

  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Utilities

  • Sewer: Public Sewer, On-Site
  • Gas: On-Site
  • Electric: On-Site
  • Electricity On Property: Yes
  • Water Source: Public, On-Site

Condo/Co-op/Association

  • Community Features: T-Station

Lot Info

  • Parcel Number: M:083 R:022 S:,259732
  • Zoning: SR20
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Wooded
  • Lot Size Acres: 1.11
  • Lot Size Area: 1.11
  • Lot Size Sq Ft: 48351.6
  • Lot Size Units: Acres
  • LOT SIZE: 48540
  • PAGE: 273

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 19023
  • Tax Book Number: 23244

MLS Schools

  • High School: Wellesley
  • Elementary School: Wellesley
  • Middle Or Junior School: Wellesley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2016
Closed on
Apr 14, 2017
Sold by
Cohen Gregory and Cohen Nancy
Bought by
Oneill Sean P and Oneill Janna C
Seller's Agent
Traci Shulkin
Compass
Buyer's Agent
Melissa Dailey
Coldwell Banker Realty - Wellesley
List Price
$1,949,000
Sold Price
$1,675,000
Premium/Discount to List
-$274,000
-14.06%
Total Days on Market
126
Current Estimated Value
$5,597,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,922,641
Avg. Annual Appreciation
16.07%

Purchase Details

Closed on
May 11, 2004
Sold by
Grimes Dmichael and Grimes Janet M
Bought by
Cohen Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,750
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1997
Sold by
Summersgill Robert
Bought by
Grimes Janet M and Michael Grimes D

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 Buyer Sale Price Title Company
Oneill Sean P $1,675,000 --
Cohen Greg $1,765,000 --
Grimes Janet M $15,000 --
Grimes Janet M $795,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Oneill Sean P $4,750,000
Previous Owner Cohen Gregory $1,500,000
Previous Owner Cohen Gregory $300,000
Previous Owner Cohen Greg $1,400,000
Previous Owner Cohen Gregory $1,500,000
Previous Owner Cohen Gregory $75,000
Previous Owner Cohen Greg $970,750
Previous Owner Cohen Greg $441,250
Previous Owner Summersgill Robert $322,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $1,675,000 -14.1% $516 / Sq Ft
03/15/2017 03/15/17 Pending -- -- --
11/05/2016 11/05/16 For Sale $1,949,000 -- $600 / 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 $81,161 $7,895,000 $2,824,000 $5,071,000
2024 $61,075 $5,867,000 $2,456,000 $3,411,000
2023 $43,773 $3,823,000 $1,555,000 $2,268,000
2022 $26,654 $2,282,000 $1,393,000 $889,000
2021 $15,686 $1,335,000 $1,335,000 $0
2020 $15,433 $1,335,000 $1,335,000 $0
2019 $20,444 $1,767,000 $1,335,000 $432,000
2018 $19,682 $1,647,000 $950,000 $697,000
2017 $19,442 $1,649,000 $952,000 $697,000
2016 $19,023 $1,608,000 $936,000 $672,000
2015 $18,577 $1,607,000 $934,000 $673,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72090242

MLS Property Information Network (MLS PIN)

APN: WELL-000083-000022