Home Buying in Wellesley>Question Details

A, Home Buyer in Boston, MA

Is it worth building an $8-900,000 house in the Wellesley Fells neighborhood? what is the elementary school?

Asked by A, Boston, MA Sat Apr 19, 2008

What are the best neighborhoods in Wellesley as far as property values (we'll get our money back if we invest something in a house) and elementary schools?

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7
Elaine Bannigan’s answer
Jack, Manor Road has been steadily improving for the past twenty+ years. Over this time, there have been lots of newer, replacement homes built. Note that Manor Road is a little busier street because it's long and has many cross streets and it leads, with one turn onto Overbrook Rd, to Route 9 Westbound. Not excessively busy, just not a "side" street. As for the other streets you mentioned off Manor, many are end-ways and not through streets - kind of nice if you have young kids or pets. These streets have also had many new houses built and there are a lot of young families in the area. Oakdale has probably already had the most improvement of those you mention.
1 vote Thank Flag Link Mon Apr 28, 2008
First, regarding the Fells neighborhood, the highest house in the neighborhood sold for $1.8K within the past 6 months. It has 5350 sq.ft. of living area and is on 0.34 acres. The highest selling areas have consistently been on or near Cliff Road and Pond Road. Lot size will certainly have a direct correlation on overall property value.

As far as schools, check out this link. It shows the elementary school districts in Wellesley: http://www.ci.wellesley.ma.us/pages/WellesleyMA_NIS/SchoolDi…

Lastly, if you need builder recommendations, feel free to contact me. I am a member and on the Board of the Builders Association of Greater Boston and happy to recommend some wonderful local builders.
1 vote Thank Flag Link Sun Apr 20, 2008
In the past 6 months the average price sold at $1,408,964 and the median price was $1,213,500 which was 95% of the list price. Recently there was an article in the pictoral seciont of the Boston Globe. The title "Best Zip Codes." Wellesley was there. In spite of the declining market Wellesley has not gone down. It may still be online to read. I am not sure how long their archive articles. You really would be making a great investment by purchasing a home in Wellesley. The school would be John D Hardy Elementary School‎.
0 votes Thank Flag Link Sat Jun 21, 2008
I have house for sale with recent high end updates and large additions (family room and master bedroom). Probably excatly what you're looking for, without the need to buy property, knock down a house and build a new one. Within walking distance to The Fells.
0 votes Thank Flag Link Thu May 22, 2008
Sorry to jump in, but I was also thinking of building a house in Wellesley Fells. What about those streets in the upper/west corner of Wellesley? Like Manor and the crossing streets (Sunnnyside, Oakdale,Marigold,Evergreen and so on)?
0 votes Thank Flag Link Sun Apr 27, 2008
First, there are almost no locations in town that wouldn't support an $800-900,000 house. As for Fells, it's fairly broad. Russell or Fells Road is one thing, Beechwood another and Garrison and Shirley another still. Values are really different on a street by street basis. As for elementary schools (7 in total), Fells is divided between Bates & Hardy (mostly Hardy). Right now, Bates is quite popular because it's newest. They all have the same curriculum, however, and we only have one middle and one high school. You cannot go wrong with any Wellesley public school. One last thought - there are no guarantees that a home will always yield a ROI when you sell. You should buy because it's a home you like and need. The fact that it's an "investment" that you get to live in and to also write off the mortgage interest is a bonus. I know no one wants to lose money on a house, and Wellesley's as 'blue-chip' a real estate purchase as you might wish for.
0 votes Thank Flag Link Sat Apr 26, 2008
You can't go wrong in Wellesley. Wellesley Fells is a great neighborhood. Top schools. Wellesley consistently ranks in the top towns of Massachusetts. Don't build on Route 9 (Worcester Road) and you'll be fine.
0 votes Thank Flag Link Sat Apr 19, 2008
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