Active

25 Days on market

53 Elmwood Rd Wellesley — Photo 1 of 20

$1,950,000

53 Elmwood Rd, Wellesley, MA 02481

Wellesley, MA 02481

Investor Analysis

Beds

Baths

1.5

SqFt

1,595

Style

Single Family

Built

1900

Bring your vision to life in one of the area’s most desirable neighborhoods. Situated on nearly an acre in the heart of the Bates neighborhood, this property offers exciting possibilities. Transform the current home or start fresh and create something entirely your own. Enjoy a wonderful setting close to Bates Elementary, Boulder Brook conservation land, walking and hiking trails, and nearby tennis courts. An exceptional chance to make your mark in a location that is hard to beat. Demo permit in hand. Buyer and buyer’s agent are responsible for conducting their own due diligence.

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$1223/sqft

Local Avg (Wellesley)$685/sqft

79% AboveMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Wellesley, MA.

Financials

Original Price$1,950,000

Annual Taxes$19,779

Parking

Garage1

Off-Street8

Interior Specifications

Total Rooms8

Fireplaces1

Flooring--

BasementFull

Climate & Utilities

HeatingForced Air, Oil

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone

ZoningSR10

Property & Lot

Acres0.92

SqFt Lot40,000

Lot FeaturesEasements, Level

Neighborhood

Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area • Public School

Geography

Property History

Listed

$1,950,000

Aug 18, 2026

MLS® 73565252

Terminated

$2,200,000

Aug 10, 2026

MLS® 73494065

Terminated

$2,200,000

Aug 10, 2026

MLS® 73494068

Listed

$2,200,000

Mar 31, 2026

MLS® 73494065

Listed

$2,200,000

Mar 31, 2026

MLS® 73494068

Population

17,415

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$250K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

12.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Norfolk County

1,189 housing units permitted in the last 12 months (+21% vs the prior 12 months) — 706 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 798 sq ft (the lesser of 900 sq ft or half the 1,595 sq ft principal dwelling). Lot size: 40,000 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Wellesley, MA market report ZIP 02481 market data

Listing Provided By

Listing Agent: Donahue Maley And Burns Team

Listing Office: Compass

MLS® Number: 73565252