A 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"
Sold for $1,150,000 on 11/13/24
$1,150,000
31 Cochituate Rd, Wayland, MA 01778
3beds
3,870sqft
Multi Family
Built in 1850
-- sqft lot
$1,544,500 Zestimate®
$297/sqft
$4,904 Estimated rent
Home value
$1,544,500
$1.27M - $1.93M
$4,904/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 13, 2024 at 05:18pm
Listed by:
Joan Vaccaro 508-930-9755,
Keller Williams Boston MetroWest 508-877-6500
Bought with:
Joan Vaccaro
Keller Williams Boston MetroWest
Source: MLS PIN,MLS#: 73277548
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Washer Hookup
Features
- Storage, Other, Floored Attic, Walk-Up Attic, Heated Attic, Living Room, Kitchen
- Flooring: Wood, Vinyl, Carpet
- Basement: Full
- Number of fireplaces: 4
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,870
- Total interior livable area: 3,870 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered
- Exterior features: Rain Gutters
Lot
- Size: 5,248 sqft
- Features: Corner Lot, Level
Details
- Parcel number: 3523043
- Zoning: BUSA Mixed
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Brick, Stone
- Foundation: Concrete Perimeter, Stone
- Roof: Shingle
Condition
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Oven, Washer Hookup
Community & neighborhood
Community
- Community features: Shopping, Walk/Jog Trails, Bike Path, Conservation Area, Public School
Location
- Region: Wayland
HOA & financial
Other financial information
- Total actual rent: 3010
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2024 | Sold | $1,150,000+4.5%$297/sqft |
Source: MLS PIN #73277548 | ||
| 8/31/2024 | Contingent | $1,100,000$284/sqft |
Source: MLS PIN #73277548 | ||
| 8/17/2024 | Listed for sale | $1,100,000$284/sqft |
Source: MLS PIN #73277548 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,848 +6% | $566,100 +5.2% |
| 2024 | $8,351 +3.7% | $538,100 +11.3% |
| 2023 | $8,052 -2.3% | $483,600 +7.6% |
Find assessor info on the county website
Neighborhood: 01778
Nearby schools
GreatSchools rating
- 8/10Claypit Hill SchoolGrades: K-5Distance: 1.1 mi
- 9/10Wayland Middle SchoolGrades: 6-8Distance: 2.7 mi
- 10/10Wayland High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- High: Wayland H.S.
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,544,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,544,500