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20 Summit Road

20 Summit Road, Wellesley, MA 02482
Property in Wellesley
Sold Jan 24, 2023
$2,600,000
$1,000,000 by Morgan Stanley Credit Corp
Mortgage Due Jan 24, 2053
Sold Jan 04, 2017
$1,825,000
$1,460,000 by Blue Hills Bank
Mortgage Due Jan 04, 2047
20 Summit Road has been categorized by the local assessors in Wellesley, MA as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 20 Summit Road has 3,631 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 20 Summit Road was last sold in Jan 23, 2023 for $2,600,000. According to our calculations, that's $716.06 per sqft. Prior to that sales transaction, the property was sold for $1,825,000 in Jan 3, 2017. Current property owners are expected to pay $23,301 in taxes per year. The property on 20 Summit Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,035,000. To break that down further, the land itself was valued at $847,000. While improvements to the property were assessed at a total of $1,188,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Attached Garage
Garage Parking
Off Street Parking

Condition

Cleared Lot
Wooded Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Wood siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,583
  • Total Building Area: 3,631
  • Building Area: 3,631
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,631
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.312
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HARRIS ALEXANDER
  • Current Owner 2: MEHTA ANEESHA
  • Previous Owner : STEVEN MCCABE T
  • Owner Before Previous Owner: BRISTOL DEVELOPMENT LL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404302

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:136 R:058 S:
  • Municipality: WELLESLEY
  • Latitude: 42.2993
  • Longitude: -71.2985

    Address

  • Full Address: 20 Summit Rd
  • Address - House Number: 20
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wellesley
  • Carrier Code: C050
  • 4-Digit Zip Code: 4640
  • Zip Code: 02482

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,301

    Appraisal Valuation

  • Standard Deviation: 0.0706
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 95
  • Final Value: 2,489,568
  • High Value: 2,665,365
  • Low Value: 2,313,770

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY CREDIT CORP
  • First Open Lien Mortgage Recording Date: Jan 24, 2023
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 24, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,035,000
  • Assessed Land Value: $847,000
  • Assessed Improvements Value: $1,188,000

    Sales

  • Current Sale Contract Date: Jan 23, 2023
  • Current Sale Recording Date: Jan 24, 2023
  • Current Sale Transaction ID: 11901653348
  • Current Sale Price: $2,600,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 1516299
  • Previous Sale Recording Date: Jan 04, 2017
  • Previous Sale Contract Date: Jan 03, 2017
  • Previous Sale Amount: $1,825,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY CREDIT CORP
  • First Mortgage Transaction Date: Jan 24, 2023
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: BLUE HILLS BANK
  • Previous Mortgage Transaction Date: Jan 04, 2017
  • Previous Mortgage Loan Amount: $1,460,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jan 04, 2047

About Wellesley



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Frequently Asked Questions

What neighborhood is 20 Summit Road located in?
The 20 Summit Road is a located in the neighborhood of Wellesley in Wellesley, Wellesley.
What is the average sales price for listings in 20 Summit Road?
The average sales price for units in 20 Summit Road is $0 currently.

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