The Cliff Estates Classic: 56 Monadnock Road
Analyzing a $2.9M Acquisition in Wellesley’s Most Coveted Enclave
The Story: Positioned on a 0.65-acre lot in the heart of Wellesley’s Cliff Estates, 56 Monadnock Rd is a 5-bedroom, 4.5-bathroom home that spans 4,094 square feet. While many homes in this price bracket are new construction, this property stands out for its 1950s architectural charm and expansive grounds.
When it hit the market in May 2022 listed at $3,050,000, it quickly moved to a **$2,910,000 sale**. Our Wellesley Dashboards show that "Cliff Estates" remains a top-tier keyword for buyers who prioritize large lots and prestigious street names over total square footage.
The Strategy:
Valuing the Dirt: In Wellesley, especially Monadnock Road, the land often carries a massive portion of the value. We analyzed the 0.65-acre lot size against neighborhood averages to show buyers the long-term equity potential.
Proximity to Top Schools: Located just 0.7 miles from Bates Elementary and roughly 1.2 miles from Wellesley High (rated 10/10), we positioned this as a strategic "equity play" for a family looking to enter the Wellesley market.
Managing Escalating Assessments: We highlighted the property’s value trajectory—showing a 28.2% jump in tax assessment between 2023 and 2024—as a proof point for the area’s price resilience.
Modernizing the 1950s Footprint: By showcasing how the 5-bedroom layout could be adapted for modern "work-from-home" needs, we appealed to the influx of city-to-suburb buyers.
The Outcome: The sale of 56 Monadnock Rd reinforces the narrative that Wellesley’s "Old World" charm is still a major driver for the $3M+ buyer segment. It remains a benchmark for land value and architectural potential in the 02481 zip code.
