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Waltham 02451 Bank Square
1 Munster
$425,000
● House - Off Market

1 Munster

Waltham, MA 02451
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$449,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

It needs work and MAY not qualify FHA but it was occupied until a few weeks ago and all plumbing, electrical, heat, and water are all operational but it needs improvement. It is possible it will qualify for "conventional" financing but take note that it does need work. It's a very convenient downtown location and the house has loads of character but it's over-due on updating for sure. Bring your toolbox and get to work! It's really got potential and value potential once fixed up. May even be suitable for investors or landlords! It's a huge plus that the house is on town water and sewer! Seller priced it to SELL!
Unit Size
960 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$469
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1900

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #73167485)

Price History

Date / Event Date Event Price
Nov 9, 2023 Sold
Premium
Sold
Oct 18, 2023 In contract -
In contract
Oct 6, 2023 Listed by EXIT Bayside Realty $449,900
Listed by EXIT Bayside Realty
Jul 11, 2023 Sold
Premium
Sold
Dec 30, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,829
  • Total Building Area: 960
  • Gross Building Area: 2,226
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANDS WALTHAM
  • Land Acres: 0000000088
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Waltham School District
  • School Tax School District: WALTHAM SD
  • Census Tract: 368300

Zoning

  • Zoning: 1

Geography

  • Account Number: 83019
  • Parcel: WALT M:059 B:006 L:0015
  • Block: 6
  • Lot: 15
  • Municipality: WALTHAM
  • Latitude: 42.3768
  • Longitude: -71.2412

    Address

  • Full Address: 1 Munster Ter
  • Address - House Number: 1
  • Address - Street Name: Munster
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Waltham
  • Carrier Code: C050
  • 4-Digit Zip Code: 4411
  • Zip Code: 02451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1917
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 605,208
  • High Value: 721,264
  • Low Value: 489,153

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,400
  • Assessed Land Value: $324,700
  • Assessed Improvements Value: $217,700

    Sales

  • Current Sale Contract Date: Oct 26, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 128667
  • Previous Sale Recording Date: Jul 11, 2023
  • Previous Sale Contract Date: Jul 10, 2023
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bank Square

Stats & Trends

Median Asking:

$770,000

Sale Price/ft²

$480

Below Asking

0.03%

Average Days on Market

58

Average Home Size

3532 ft²

Average Home Age

78.5 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 70 Hope Ave, Waltham, MA, 02453

$3,536 /mo

  • 2 Beds
  • 2 Baths
  • 1,056 ft²
70 Hope Ave #Essex, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 237 Moody St., Waltham, MA, 02453

$3,415 /mo

  • 2 Beds
  • 2 Baths
  • 1,190 ft²
237 Moody St. #2 Bedrooms U, Waltham, MA, 02453 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73167485

Frequently Asked Questions

When was property at 1 Munster Terrace built and last sold?
The property at 1 Munster Terrace was built in 1900 and last sold on Oct 26, 2023 for $425,000.
How much is this home worth?
The estimated value of the home located at 1 Munster Terrace is $451,475.
What are some comparable homes to 1 Munster Terrace?
There are currently no comparable homes to 1 Munster Terrace.
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