NOT LISTED FOR SALE

40 The Ledges Rd Newton Center, MA 02459

Newton Centre Neighborhood

Estimated Value: $5,634,000 - $9,948,000

7 Beds
9 Baths
8,745 Sq Ft
$875/Sq Ft Est. Value

Last Sold December 03, 2013

Last sale price $6,300,000 $720 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $50,617/month

19 Days on Market

About This Home

As of December 2013

True estate property located in Newton Centre on " The Ledges". Historic renovation with fabulous flow for grand entertaining and fun family living. First floor includes, grand foyer leading to the double fireplaced living room, banquet sized diningroom w/ fireplace and a galley of french doors that open to the tremendous blue stone patio area perfect for parties, family gatherings and activities. The family room features a stone fireplace and 20 foot ceilings abbutted by 2nd family room which provides perfect study space, breakfast area and access to the screened in porch. Mahogany panelled library allows for quiet retreat. Large master suite with fireplace, floor to ceiling windows and his & hers walk in custom closets. 6 additional bedrooms spread out between 2nd and 3rd floor. Many options for media room, playroom & gym. Rare privacy afforded on this lush 2 acre parcel with finely landscaped grounds, salt water swimming pool, cabana and Garages for 3 cars. Minutes to Pike.

Last Agent to Sell the Property

Deborah M Gordon

Coldwell Banker Realty - Brookline Listed on: 09/06/2013

Coldwell Banker Realty - Brookline

Last Buyer's Agent

Jamie Genser

Coldwell Banker Realty - Brookline

Coldwell Banker Realty - Brookline

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2013
Closed on
Dec 3, 2013
Sold by
Spellman Rachel L
Bought by
Ross Joshua H and Ross Sara L
Seller's Agent
Deborah M Gordon
Coldwell Banker Realty - Brookline
Buyer's Agent
Jamie Genser
Coldwell Banker Realty - Brookline
List Price
$6,500,000
Sold Price
$6,300,000
Premium/Discount to List
-$200,000
-3.08%
Current Estimated Value
$7,653,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,353,070
Avg. Annual Appreciation
0.39%
Original Mortgage
$1,350,000
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 6, 2013
Closed on
Nov 1, 2013
Sold by
Spellman Andrew M and Spellman Rachel L
Bought by
Spellman Rachel L
Seller's Agent
Deborah M Gordon
Coldwell Banker Realty - Brookline
Buyer's Agent
Jamie Genser
Coldwell Banker Realty - Brookline
List Price
$6,500,000
Sold Price
$6,300,000
Premium/Discount to List
-$200,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2012
Sold by
Krasnow Todd J and Krasnow Deborah A
Bought by
Spellman Andrew M and Spellman Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,575,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Buyer Sale Price Title Company
Ross Joshua H $6,300,000 --
Ross Joshua H $6,300,000 --
Spellman Rachel L -- --
Spellman Andrew M $5,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Joshua H $4,458,000
Closed Ross Joshua H $4,500,000
Closed Ross Joshua H $4,500,000
Closed Ross Joshua H $3,000,000
Closed Ross Joshua H $1,100,000
Closed Ross Joshua H $1,350,000
Previous Owner Spellman Andrew M $1,000,000
Previous Owner Schleifer Arthur $3,575,000
Previous Owner Schleifer Arthur $150,000
Previous Owner Schleifer Arthur $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2013 12/03/13 Sold $6,300,000 -3.1% $720 / Sq Ft
09/25/2013 09/25/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $6,500,000 -- $743 / 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 $97,757 $9,975,200 $5,040,700 $4,934,500
2024 $94,523 $9,684,700 $4,893,900 $4,790,800
2023 $91,273 $8,965,900 $4,078,800 $4,887,100
2022 $87,335 $8,301,800 $3,776,700 $4,525,100
2021 $84,271 $7,831,900 $3,562,900 $4,269,000
2020 $81,765 $7,831,900 $3,562,900 $4,269,000
2019 $5,050 $7,600,300 $3,459,100 $4,141,200
2018 $4,588 $7,206,500 $2,991,000 $4,215,500
2017 $4,296 $6,782,300 $2,821,700 $3,960,600
2016 $72,133 $6,338,600 $2,637,100 $3,701,500
2015 $66,540 $5,731,300 $2,464,600 $3,266,700
Source: Public Records

Agents Affiliated with this Home

  • Deborah M Gordon

    Seller's Agent in 2013

    Deborah M Gordon

    Coldwell Banker Realty - Brookline

    (857) 636-8425

    6 in this area

    132 Total Sales

    Deborah M Gordon
    Section Image
  • Jamie Genser

    Buyer's Agent in 2013

    Jamie Genser

    Coldwell Banker Realty - Brookline

    (617) 515-5152

    5 in this area

    127 Total Sales

    Jamie Genser
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71579372

MLS Property Information Network (MLS PIN)

APN: NEWT-000061-000021-000004

Massachusetts Middlesex County Newton Center 02459 Newton Centre

40 The Ledges Rd, Newton Center, MA

This home is located at 40 The Ledges Rd, Newton Center, MA 02459 since 06 September 2013 and is currently estimated at $7,653,070, approximately $875 per square foot. This property was built in 1885. 40 The Ledges Rd is a home located in Middlesex County with nearby schools including Mason Rice Elementary School, Ward Elementary School, and Charles E Brown Middle School.

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