40 Grove Street, Wellesley MA 02482

Wellesley, MA 02482

$45

Est. $200/month

4,401

Sq Ft

$0

Price/Sq Ft

1.49

Acres

1975

Year Built

712

Days on Market

Active Listed Jun 12, 2024 • MLS# 73251125 Copied!

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About this home

Spaces Available: 402 SF, 1,172 SF, 1,333 SF and 1,494 SF

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Public Records

Current Owner

Owner Babar, LLC, Trustee

Mailing Address 1900 Crown Colony Drive, Quincy, MA, 02169

Land Use

Use Code 340

Description Warehouse

Tax Information

Assessed Value $14,374,000

Tax Rate $10.14 per $1,000

Base Tax $145,752

CPA Surcharge 1.5% ($2,171)

Estimated Annual Tax $147,923

Assessment History

Year	Land	Building	Total	Change
FY2025	$0	$14,374,000	$14,374,000	—

Sale History

Date	Price	Book/Page
Nov 21, 2023	$15,000,000	41525/155

Municipal Context: WELLESLEY

Median Home Value $1,575,000

Avg SF Tax Bill $15,970

Residential Tax Rate $10.14/1000

CPA Surcharge 1.5%

County Norfolk

Property Data Comparison

Discrepancies found between MLS and assessor records.

Field	Assessor	MLS	Match
Sqft	45,000	4,401	✗

Match: address_exact (85.0% confidence) · Data as of Mar 8, 2026

Property Overview

Listing Type

Commercial Lease

Year Built

1975

Living Area

4,401 sq ft

Facts & Features

Home Facts

Type Commercial Lease

Year Built 1975

Living Area 4,401 sq ft

Lot Size 1.49 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other None

Financial

Annual Tax $1

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1975

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

40 Grove Street, Wellesley MA 02482

Wellesley, MA 02482

Walkability

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Nearby Schools

School District

Wellesley School District local

A+

🎓 Where Graduates Go Class of 2021

81% attend college

78% 4-Year 3% 2-Year 56% Out of State 2% Working

✓ School Safety 2024-25

0.3% Low

0.3% Suspensions 0.5% In-School

↓ 5.2% below state avg

E

Elementary Schools

10 schools

Star Academy Boston (Wellesley Campus)

0.3 mi

Grades PK-12

Tenacre Country Day School

0.6 mi

Grades PK-06

St. John the Evangelist School

2.5 mi

Grades PK-06

A

Hunnewell School

0.1 mi | #162 of 824 | Score: 56.6

Dropped 73 spots from last year

-1.6 below state avg

294 students Moderate

Strong Attendance

Grades K-05

A

Sprague Elementary School

0.7 mi | #165 of 824 | Score: 56.3

Dropped 129 spots from last year

-1.9 below state avg

289 students Diverse

Diverse Student Body

Grades K-05

A+

John D Hardy School

1.1 mi | #51 of 824 | Score: 62.2

Dropped 23 spots from last year

+4 above state avg

280 students Diverse

Diverse Student Body Strong Attendance

Grades K-05

A

Katharine Lee Bates School

1.4 mi | #119 of 824 | Score: 58.1

Dropped 114 spots from last year

-0.2 below state avg

286 students Moderate

Strong Attendance

Grades K-05

Preschool at Wellesley Schools

2.5 mi

87 students Diverse

Diverse Student Body

Grades PK

A+

Joseph E Fiske School

2.5 mi | #32 of 824 | Score: 63.6

Improved 28 spots from last year

+5.4 above state avg

278 students Diverse

Rising School Diverse Student Body Strong Attendance

Grades K-05

A

Schofield School

2.6 mi | #141 of 824 | Score: 57.4

Dropped 77 spots from last year

-0.9 below state avg

291 students Diverse

Strong Attendance

Grades K-05

M

Middle Schools

1 school

A+

Wellesley Middle School

0.6 mi | #7 of 352 | Score: 64.5

Same rank as last year

+6.3 above state avg

919 students Diverse

Strong Attendance

Grades 06-08

H

High Schools

3 schools

Dana Hall School

0.4 mi

Grades 06-12

A+

Wellesley Sr High School

0.8 mi | #28 of 346 | Score: 71.3

Improved 63 spots from last year

+13.1 above state avg

1,262 students Diverse

20 sports • 2,762 athletes

Strong AP Program High Graduation Rate Rising School Strong Athletics

Grades 09-12

North American Hockey Academy

1.4 mi

Grades 09-12

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Loan Term 30 years 15 years

Monthly Payment Breakdown

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Homeowners Insurance $200

PMI (if <20% down) $0

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Interest

Principal

Year 1

95% Interest

Year 15

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Year 30

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Property History

Property Timeline

🏠

Listed for Sale

Jun 12, 2024

$45

Original listing

Agent: Jeremy Freid Office: 128 CRE

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
06/12/2024	🏠 Listed for Sale	$45	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 12, 2024	New Listing Added	$45	—

Market Statistics

Days on Market

712 days

Price per Sq Ft

$0

Tax History

Year	Taxes	Assessment
2023	$1	—

Financial Details

Annual Property Tax

$1

Tax Year 2023

Listing Information

Listing Agent Jeremy Freid

Listing Office 128 CRE

Agent MLS ID CT000554

Office MLS ID AN4306

Listing Data Updated Dec 19, 2025 3:05 AM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.