$275,000
SOLD MAR 18, 2013

7 Lake Rd Wellesley, MA 02482

0.05 Acre
$5,500,000 Price per Acre
2,178 Sq Ft Lot

Recently Sold

$536 Per Sq Ft

21% Below List Price

51 Days on Market

Highlights

  • Scenic Views
  • Waterfront
  • Jogging Path
  • John D. Hardy Elementary School Rated A+
  • Corner Lot
  • 3-minute walk to MacKinnon Park

About This Lot

As of November 2014

Build your own new home on this scenic spot near Morse Pond. Plans have been approved for a 1400+ SF home with two car under garage. 2 bedrooms, 2.5 baths. Open floor plan with kitchen, living and dining rooms. See attached plans.

Last Agent to Sell the Property

Mark O'Donnell

William Raveis R.E. & Home Services Listed on: 12/19/2012

William Raveis R.E. & Home Services

Last Buyer's Agent

Mark O'Donnell

William Raveis R.E. & Home Services Listed on: 12/19/2012

William Raveis R.E. & Home Services

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,927

Lot Details

  • 2,178 Sq Ft Lot
  • Waterfront
  • Property fronts a private road
  • Corner Lot
  • Sloped Lot
  • Property is zoned SRD 10

Additional Features

  • Scenic Vista Views
  • Electricity To Lot Line

Community Details

  • Jogging Path

Listing and Financial Details

  • Assessor Parcel Number M:183 R:037 S:,264633

Property Details

Property Type

Land

Est. Annual Taxes

$2,927

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
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: M59500
  • MAIN SO: M59500

Exterior Features

  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, Lake/Pond, Unknown To Beach
  • Waterfront YN: Yes

Utilities

  • Sewer: Public Sewer
  • Gas: Other (See Remarks)
  • Electric: On-Site
  • Electricity On Property: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Walk/Jog Trails

Lot Info

  • Parcel Number: M:183 R:037 S:,264633
  • Zoning: SRD 10
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped, Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • LOT SIZE: 2209
  • PAGE: 279

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 2927
  • Tax Book Number: 30374

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2015
Closed on
Jul 14, 2015
Sold by
Du Zijing and Xu Yuelong
Bought by
Du Zijing and Xu Yuehong
Seller's Agent
Kathy Kelley
Berkshire Hathaway HomeServices Town and Country Real Estate
Buyer's Agent
Terri Gamble
Berkshire Hathaway HomeServices Town and Country Real Estate
Sold Price
$3,200
Current Estimated Value
$1,107,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,104,721

Purchase Details

Listed on
Sep 4, 2014
Closed on
Nov 26, 2014
Sold by
Rourke Ryan M
Bought by
Du Zijing and Xu Yuelong
Seller's Agent
Dave DiGregorio Jr.
Coldwell Banker Realty - Waltham
Buyer's Agent
Kathy Kelley
Berkshire Hathaway HomeServices Town and Country Real Estate
List Price
$629,900
Sold Price
$565,000
Premium/Discount to List
-$64,900
-10.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$452,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 19, 2012
Closed on
Mar 18, 2013
Sold by
Roclid Global Llc
Bought by
Rourke Ryan M
Seller's Agent
Mark O'Donnell
William Raveis R.E. & Home Services
Buyer's Agent
Mark O'Donnell
William Raveis R.E. & Home Services
List Price
$350,000
Sold Price
$275,000
Premium/Discount to List
-$75,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.12%
Original Mortgage
$450,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2012
Closed on
Aug 29, 2012
Sold by
Chartres Joan M Est
Bought by
Roclid Global Llc
Seller's Agent
Deborah Geheran
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Mark O'Donnell
William Raveis R.E. & Home Services
List Price
$199,000
Sold Price
$155,000
Premium/Discount to List
-$44,000
-22.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
183.61%
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 -- --
Not Resolvable $565,000 --
Not Resolvable $275,000 --
Not Resolvable $275,000 --
Fiduciary Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000 Stand Alone Refi Refinance Of Original Loan
Closed $415,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $452,000 New Conventional
Previous Owner $450,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2015 08/01/15 Rented $3,200 0.0% --
07/02/2015 07/02/15 Under Contract -- -- --
05/09/2015 05/09/15 For Rent $3,200 0.0% --
02/01/2015 02/01/15 Rented $3,200 -5.9% --
01/02/2015 01/02/15 Under Contract -- -- --
12/26/2014 12/26/14 For Rent $3,400 0.0% --
11/26/2014 11/26/14 Sold $565,000 0.0% $390 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
10/27/2014 10/27/14 Off Market $565,000 -- --
10/16/2014 10/16/14 Price Changed $579,900 -1.7% $400 / Sq Ft
10/11/2014 10/11/14 Price Changed $589,900 -1.7% $407 / Sq Ft
09/24/2014 09/24/14 Price Changed $599,900 -4.8% $414 / Sq Ft
09/04/2014 09/04/14 For Sale $629,900 +129.1% $434 / Sq Ft
03/18/2013 03/18/13 Sold $275,000 -21.4% $536 / Sq Ft
02/16/2013 02/16/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $350,000 +125.8% $682 / Sq Ft
08/29/2012 08/29/12 Sold $155,000 -22.1% $302 / Sq Ft
04/25/2012 04/25/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $199,000 -- $388 / 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 $10,434 $1,015,000 $696,000 $319,000
2024 $10,431 $1,002,000 $696,000 $306,000
2023 $10,294 $899,000 $622,000 $277,000
2022 $8,538 $731,000 $460,000 $271,000
2021 $8,589 $731,000 $460,000 $271,000
2020 $7,676 $664,000 $418,000 $246,000
2019 $7,682 $664,000 $418,000 $246,000
2018 $6,584 $551,000 $359,000 $192,000
2017 $6,496 $551,000 $359,000 $192,000
2016 $6,353 $537,000 $353,000 $184,000
2015 -- $486,000 $299,000 $187,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71465803

MLS Property Information Network (MLS PIN)

APN: WELL-000183-000037