Single Family Residence at 31 Lantern Lane, Wellesley MA 02481
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19 photos

$1,299,000

31 Lantern Lane, Wellesley MA 02481
Wellesley, MA 02481
Listed by Ned Mahoney
Bedrooms
4
Bathrooms
2
Living area
2,233 sqft
Year built
1910

About this home

Wonderful opportunity! Don’t miss this charming Wellesley home located in a desirable neighborhood. This flexible property is currently configured as a two-family residence, making it an excellent starter home with the added benefit of rental income to offset your mortgage. It can also be easily converted back into a spacious single-family dwelling, perfect for accommodating an extended family. The home features a classic wrap-around porch and is set on a generous 13,000 SF lot that offers endless outdoor potential, plus a large detached 2-car garage. Easy highway access to RT 95 and the Mass Pike.

Property details

MLS
MLS Property Information Network
MLS #
73540108
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
120
On market date
June 23, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
9
Lot size
0.32 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Joseph E Fiske
0.5 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
265
Student:teacher ratio
12.6:1
District
Wellesley
Middle
Oak Hill Middle
2.49 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
661
Student:teacher ratio
10.2:1
District
Newton
High
Needham High
2.09 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,669
Student:teacher ratio
12.9:1
District
Needham

Walkability

Blended score for Wellesley's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

59
Somewhat walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
58 / 100
Restaurants & cafes3
Grocery stores0
Parks13
Schools11
Transit stops16
Pharmacies2

Market position

How this listing compares to current activity in Wellesley, from live MLS data.

On the market 120 days -- 5 more days than Wellesley's current average of 115 days.
For reference, the median list price across 183 active listings in Wellesley right now is $1,747,200.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,973/mo
$259,800 down
$1,039,200 loan
Principal & interest$6,740
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.