5 Melville Place, Wayland MA 01778

Wayland, MA 01778
$490,000
Est. $2,608/month
2
Beds
1
Baths
864
Sq Ft
$567
Price/Sq Ft
0.23
Acres
1950
Year Built
Single Family Residence
Type
6
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73257217

About this home

Settling an estate offers a unique renovation opportunity with this ranch-style home located on a cul-de-sac in a convenient neighborhood. The current floor plan features an inviting open dining/family room with a fireplace, and a one-car attached garage offers additional storage space above. Included in the sale will be a town-approved three-bedroom septic design. Centrally located, this property provides easy access to Routes 27, 30, and 90, along with nearby schools, shopping, and outdoor at the Town Beach. This home is perfect for those looking to create their dream space in a prime location.

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $490,000
Difference: +$91,000 (+22.8%)
Performance Metrics
122.8%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $462
Sale $/sq ft: $567
This property sold for $567 per square foot
Sale Summary

This property sold for 22.8% above the original asking price, indicating strong buyer demand.

With only 6 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1950
Bedrooms
2
Full Bathrooms
1
Living Area
864 sq ft
Total Rooms
4

Interior Features

Heating
Baseboard, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
Yes
Number of Fireplaces
1

Exterior & Structure

Construction Materials
Frame
Architectural Style
Ranch
Roof
Shingle
Foundation
Slab
Foundation Area
1,200 sq ft
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.23 acres
Lot Size
10,019 sq ft
Lot Size Area
0.2300
Lot Features
Cul-De-Sac, Level
Road Surface Type
Paved
Road Frontage Type
Public, Dead End

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
3
Parking Features
Attached, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Private Sewer

Community & HOA

Community Features
Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,172
Tax Year
2024
Tax Assessed Value
$462,100
Parcel Number
M:51B L:021,863895
Zoning
R20

Additional Details

Year Built Source
Public Records
Year Built Details
Unknown/Mixed
Attached Property
No
Disclosures
Listing broker/agent does not guarantee the accuracy of the features of the property. All information is obtained by the seller, public record or other sources. The buyer(s) and their representative are advised to conduct inspections and independently verify all information / See firm Remarks

Location

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Neighborhood

5 Melville Place, Wayland MA 01778

Wayland, MA 01778

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $598
Homeowners Insurance $200
PMI $0

Property History

Market Insights

18.6%
Price Range
7
Total Days on Market

Property Timeline

Sold
Oct 10, 2024
$490,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Jun 25, 2024
$399,000
Original listing
Agent: David Restic Office: Property Services Network

Price & Status History

Date Event Price Change
Jun 25, 2024 New Listing Added $399,000

Market Statistics

Days on Market
6 days
Price per Sq Ft
$567

Tax History

Year Taxes Assessment
2024 $7,172 $462,100

Financial Details

Annual Property Tax
$7,172
Tax Year 2024
Assessed Value
$462,100

Listing Information

Listing Agent David Restic
Listing Office Property Services Network
Agent MLS ID BB903894
Office MLS ID BB5569

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