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The Sizzle and The Steak - Top Three Homes Sold in Walpole MA

Michael Mahoney | Remax Executive | mike@mmahoney.com | 617-980-9025
www.HomesinWalpoleMass.com - A Web Site Dedicated to Homes for Sale in Walpole

Most Expensive Homes Sold in Walpole Massachusetts

 

Walpole Mass 02081

    Today, I wanted to review with you the three most expensive homes sold in Walpole Massachusetts in the last 30 days.  These homes a really quite significant.

    Like most people out there, I love looking at expensive homes. It's nice to dream. It's nice to get ideas. It's shows you what you can move up to. Look at the Barnes and Noble Bookstore at The Walpole Mall, there are shelves of magazines like The Robb Report, The Dupont Registry and Yachting Magazine.

             I was inspired this morning to write an article on the three most expensive homes sold in Walpole from looking at Yachting Magazines 10 Largest Yachts in the World article. These yachts are absolutely amazing. Some of these are over 450 fee long and are like floating cities.  When you have some time to wastes, unless you are already wasting it on Facebook, then you should go and check out the Worlds Largest Yachts. I could go on all day about these yachts lest we get back to the houses. 

            In the last 30 days in Walpole, there have been 22 single family homes sold. The average living area of the 22 homes sold was just about 2300 square feet. The average sales price for these 22 sales in Walpole was $509,412. 

            In comparison, the top three most expensive homes sold in the last 30 days in Walpole had an average sales price of $940,852. These top three sales sold for $431,440 higher than the average of the 22 sales in the Walpole real estate market in the last 30 days.  These homes also averaged just under 4300 square feet so they were about 2000 square feet larger than the average of the 22 sales. All data comes from the MLSPIN. I am not representing that I sold nor listed these properties. 

             For today, I will work from bottom up and show you the third least expensive home sold up to the most expensive home sold. Interested to know what is on the market in Walpole? Check out all Walpole Mass homes here

            

15 Lester Gray Drive Walpole Ma 02081

15 Lester Gray Drive sold for $927,167. The property was marketed for $863,545.  Whoah...now wait a minute, now how does hat work it sold for over $50,000 over the asking price.  This home is under construction. The Toll Brothers are building a new premier community named the High Oaks Estates and my guess is that the buyer of this home added on some additional appointments.  If you have not driven up to the High Oaks Estates, it's definitely worth a drive into the area. To gain access to the area you can drive into High Oaks Estates by Mill Brook Avenue  15 Lester Gray is going to be a pretty impressive home.  When completed it will be about 4200 square feet with 11 rooms, 4 bedrooms 3 full baths and 1 half bath. Look at the pics below and you will see that this property is really quite extraordinary.

 

11 Brook Street Walpole Massachusetts 02081

         The next amazing sale was located at 11 Brook Street. 11 Brook Street 11 Brook Street listed for $995,000 and sold for $954,000. The home on Brook Street was a contemporary colonial style. It was comprised of 11 rooms which was 4 bedrooms, 3 full baths and 2 half baths.  This home also had a three car garage attached.  The home also had an additional 1200 square feet in the lower level which was not counted in the gross living area for the home.  This home took 140 days to sell and originally started at $1,199,000.

 

11 Brook Street in Walpole Mass Photo Courtesy of Listing Maryjane Lightbody via MLSPIN

 

 

 

 

 

 

 

 

 

 

 

56 Mill Brook Avenue Walpole Massachusetts 02081

The most expensive sale in Walpole Mass was located at 56 Mill Brook Avenue. This one is also in the High Oaks Estates. This home was not one of Toll Brothers newest offerings, but rather a resale that was built in 2007.   This was a 15 room, 6 bedroom, 5 full baths, and  three half bath home.   The total square footage on this home was just a hair under 7000 square feet.  The home is one of the most stately homes in The High Oaks Estates. This is one of the most amazing homes sold in the Town of Walpole Ma in awhile. This is truly one of kind. 

 

Photo Courtesy of Listing Agent Linda Wigren of Century 21

 

 

 

 

 

 

 

 

 

 

 

Just to underscore how these homes in Walpole compare to the overall real estate market here, I thought I would share with  you some stats that were published on the Zillow web site.  According to Zillow, the median home value in the Town of Walpole is $407,200. Town of Walpole home values have gone up 4.0% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Town of Walpole is $237, which is higher than the Boston Metro average of $224. The median price of homes currently listed in Town of Walpole is $529,999. The median rent price in the Town of Walpole is $1,699, which is lower than the Boston Metro median of $2,300

 

If you would like to know the value of your Walpole home, you can get it here @ www.NorfolkCountyHomeValues.com

You can see all of the houses for sale in Walpole here

Is Zillow like the weather reporter when it comes to home values in Walpole Mass

Is Zillow like the weather reporter when it comes to home values in Walpole Mass?

Often times when I meet with sellers of properties about their homes,  I ask them what they think their house was worth. A lot of the times, I often hear that they checked their value on Zillow and they will also mention that they are assessed at a different value as well.

 I wanted to compare some sales from September in Walpole Massachusetts. There were 29 sales in Walpole Mass in the month of September. That is almost a sales a day for the whole month. The range of prices for the sales in Walpole was from $209,000 up to $954,000. 

     The median price of the sales in Walpole was $490,000. Just as a refresher, the word median is In statistics and probability theory, the median is the numerical value separating the higher half of a data sample, a population, or a probability distribution, from the lower half. The median of a finite list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one (e.g., the median of {3, 3, 5, 9, 11} is 5). The average sales price in Walpole for the month of September was $485,106.

    I decided that I would look at some random individual properties spread across all price points and compare these properties selling prices against their Zillow Zestimates and their assessed values.

 

Here are the properties:

4 Mason Street in Walpole, Mass. 

This property listed for $225,000 and sold for $209,000. The Town of Walpole Assessors Department had it assessed at $250,700. Zillow had the Zestimate on this one at $274,686. The difference between the actual sales price and Zillow's Zestimate on this one was 24% over the actual sales price.

573 Common Street in Walpole, Mass.

573 Common Street in Walpole listed for $299,900 and sold for $297,000. The Walpole Assessor's Department had this one valued at $267,200. Zillow had this property pegged at $290,609. Zillow was pretty close on this one. Only under by $9,000. That is a little better than it's Zestimate on 4 Mason Street which was $50,000 over the actual sales price.

15 Plain Street in Walpole, Mass

15 Plain Street in Walpole had been on the market in the multiple listing service for $449,900. The sales price for this single family home was $415,000. The town's assessed value on this property was $405,200.  Zillow did not have a a value on this one.

50 Norfolk Street in Walpole, Mass

50 Norfolk Street in Walpole, Mass was on the market with a list price of $439,900. It sold at full asking price. The town had it assessed at $320,000. Zillow had the value at $404,000. The property sold for $35,000 over the Zillow Zestimate.

74 Lewis Avenue in Walpole, Mass

The property at 74 Lewis Avenue in Walpole, Mass listed for $569,800 and sold for $550,000. The town had it assessed for $450,000 which is $100,000 less than the actual sales price. Zillow had 74 Lewis at $533,000. They were 17k under.

28 Butch Songin Cirle in Walpole, Mass

This property listed for for $629,000 and sold for $592,000. Walpole assessing has this one at $541,600. The folks at Zillow thought this one was worth $584,928. Zillow had it undervalued by about 9k.

 

Assessed Values Versus Sales Prices in Walpole Mass for Homes Sold in September

MLS #	Street Address	Town	List Price	Sales Price	Assessed Value
71322827	4 Mason St	Walpole, MA	$225,000.00	$209,000.00	$250,700.00
71556917	24 Pilgrim Way	Walpole, MA	$639,900.00	$610,000.00	$0.00
71614006	1915 Washington St Ext.	Walpole, MA	$395,000.00	$372,500.00	$483,300.00
71634027	45 Water Street	Walpole, MA	$265,000.00	$220,000.00	$250,600.00
71634928	620 Main St	Walpole, MA	$224,900.00	$226,000.00	$227,900.00
71646183	103 Common Street	Walpole, MA	$545,900.00	$530,000.00	$505,700.00
71646891	11 Brook Street	Walpole, MA	$995,000.00	$954,000.00	$860,600.00
71660299	15 Lester Gray Drive	Walpole, MA	$863,545.00	$927,167.00	$0.00
71667108	7 Ginley Road	Walpole, MA	$499,900.00	$495,000.00	$373,300.00
71671273	14 Brook St	Walpole, MA	$769,000.00	$735,000.00	$629,300.00
71671783	22 NEAL STREET	Walpole, MA	$455,000.00	$425,000.00	$356,500.00
71675543	15 Plain Street	Walpole, MA	$449,900.00	$415,000.00	$405,200.00
71676480	30 Albany Rd.	Walpole, MA	$549,900.00	$539,000.00	$438,600.00
71681280	28 Butch Songin Circle	Walpole, MA	$629,900.00	$592,000.00	$541,600.00
71683081	7 Nottingham Way	Walpole, MA	$539,900.00	$525,000.00	$413,500.00
71689765	3 Marguerite Rd.	Walpole, MA	$449,900.00	$428,500.00	$368,600.00
71695478	573 Common St	Walpole, MA	$299,900.00	$297,000.00	$267,200.00
71697555	27 Ridge Road	Walpole, MA	$579,900.00	$561,500.00	$536,000.00
71699850	50 Norfolk St	Walpole, MA	$439,900.00	$439,900.00	$320,700.00
71702063	22 Pilgrim Way	Walpole, MA	$499,900.00	$500,000.00	$363,900.00
71704599	47 Robbins Rd	Walpole, MA	$424,900.00	$439,000.00	$306,800.00
71707378	60 Rhoades Ave	Walpole, MA	$445,000.00	$416,500.00	$301,900.00
71708099	31 Clark Ave	Walpole, MA	$279,900.00	$250,000.00	$306,600.00
71711464	37 Anderson Way	Walpole, MA	$814,900.00	$800,000.00	$0.00
71711633	9 Sandra Road	Walpole, MA	$499,000.00	$490,000.00	$267,400.00
71716429	74 Lewis Ave	Walpole, MA	$569,800.00	$550,000.00	$450,000.00
71717263	40 Jasons Path	Walpole, MA	$559,900.00	$551,000.00	$493,800.00
71731773	12 Grace Memorial Drive	Walpole, MA	$319,900.00	$310,000.00	$286,500.00
71739615	3 Adams Rd	Walpole, MA	$260,000.00	$260,000.00	$248,600.00

Look up Your Assessed Value of Your Walpole Home

The Town of Walpole Assessors database is online. You can look up the value of your Walpole home at any given time by simply visiting the assessors web site @ http://gis.vgsi.com/walpolema/Search.aspx Once on this web site, you will be able to conduct your research. For the older folks in the crowd, once you visit this site you will be shocked to discover that nothing is sacred anymore. 

The Moral of the Story

The moral of the story is that neither Zillow's Zestimate nor the town's assessed value seems to have any bearing on the actual fair market value of the property. The true market value is more accurately obtained by calling a professional Realtor who works in the market and studies homes and prices on a daily basis. As you could see from the sales listed above, the sales prices versus the list prices were the only ones that were fairly close each time. The assessed value and the Zestimate were generally off. I am not discounting either of these values. The only real difference between the various different methods of obtaining value is that the the prices on MLS (list prices and sales prices) are interpreted by real humans. These humans are the Realtors who work in the Walpole area and sell single family homes to your neighbors and friends. 

When is the last time the computer on the desk at the Zillow headquarters or at the Town of Walpole assessor's department actually went to an open house to study the nuances between two identical homes built in the same subdivision that had a variance of 50k due to the lot being close to power lines or may be more prone to water in the basement which ultimately will be reflected in the value that a buyer perceives. 

The bottomline here  is that the computers do a wonderful job of aggregating data and making it available to humans. However, you really need to evaluate it carefully when interpreting it. The data in real estate varies from property to property. There are topographical issues, environmental issues and general maintenance and upkeep issues. These cannot be obtained by a computer in the Silicon Valley. It's a nice concept, but in reality not going to happen. 

If you need the value of your home, it would be my pleasure to assist you in this matter. Often times, I help people with the value of their properties for estate planning reasons, marital breakups, financial planning related issues such as deciding to secure a home equity line for paying for college, or perhaps using the property's equity to keep an elder person in their home and use equity via a reverse mortgage.  There is no obligation for a market analysis. Should you need help with your home's value you begin the process instantly by visiting www.HomeValueBoston.com When you want the facts about your most important investment, it is better to trust an expert.

If you are considering a move into Walpole, you owe it to yourself to meet with a qualified Walpole Realtor just to ensure that you are understanding values in the real estate here in town. Questions? Call or Text 617-980-9025

Get the Value of Your Norfolk County Home Here

 

Contact me if you would like a market analysis of your Walpole home. You can reach me at 617-980-9025 or via email @ mike@mmahoney.com

 

Michael Mahoney of Remax Executive 617-980-9025

Michael Mahoney is a 13+ year veteran real estate agent. Michael Mahoney is associated with Re/Max Executive at 14 North Meadows Road in Medfield, MA 02052. 

 

 

 

 

 

Walpole Mass Real Estate Really Starting to Head Down the Track by Michael Mahoney of Remax Way

Walpole Mass Real Estate Starting Down the Track by Michael Mahoney of Remax Way

Michael Mahoney
Remax Way
617.980.9025
www.HomesinWalpoleMass.com

Good morning it's Mike Mahoney with Remax way here in Walpole Massachusetts and what I wanted to do with you is actually review the Walpole real estate market give you a baseline to where we have been in the 1st 10 days in the month of April.

So let's get a baseline. Currently there are 56 properties on the market in Walpole Massachusetts.

These 56 properties of been on the market in the average 88 days. There are currently, 48 pending sales in Walpole. These 48 pending sales took on average 86 days. In the last 3 months there have been 26 close sales of which in 3 instances went over a hundred percent of the asking price. This causes it to look like the whole market is getting 100 percent of their asking price. You will note however that most of the sellers are getting 97% and 98% of their asking price.

Now let's look at the first 10 days in April . In the first 10 days of April, there have been 13 properties put under agreement. Of the 13 properties 8 of them webt pending in less than 35 days. The other 5 properties that had been on the market a minimum of 87 days running all the way up to 250 days. Even properties that have been around for awhile are going under agreement in Walpole, Massachusetts.

If you're looking to review the Walpole real estate market, please check out www.HomesinWalpoleMass.com . If you want to know the value of your home to check out www.NorfolkcountyHomeValues.com

Maybe you are looking for a deal? Check out www.HomesUnder250k.info

Thanks so much and make it a great day.
Michael Mahoney
Remax Way
617.980.9025
mike@mmahoney.com
Covering Walpole, Norfolk, Westwood and Medfield