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Belmont 02478 Belmont Center
101 Alexander Avenue
$1,000,000
● House - Off Market

101 Alexander Avenue

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,716 Ft²
$1,550,620
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

Center Entrance Colonial Single Famly nestled in a quiet neighborhood close to Belmont Center. Wonderful 8 room, 4 bedroom, 1 and 1/2 bath home. The 1st floor features include recently renovated kitchen with cherry cabinets, granite counters, stainless appliances, and large peninsula with seating opens to full dining room; living room with fireplace; recent family room addition and half bath. The 2nd floor features four bedrooms and a full bath. Walk-up access to attic with plenty of storage. Basement contains a finished play/TV room, storage room, and laundry/mechanicals room. One car garage and additional off street parking for 2 - 3 more cars. Located near many local amenities, including restaurants, shops, and public transportation.
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$571
Property Type
House
Property Taxes
$769
HOA Dues
-
Year Built
1929

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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: 5 months ago (MLSPIN #72134779)

Price History

Date / Event Date Event Price
May 30, 2017 Sold
Premium
Sold
Mar 23, 2017 Listed by C. Brendan Noonan & Co. $979,000
Listed by C. Brendan Noonan & Co.
Oct 14, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,993
  • Total Building Area: 2,100
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Belmont School District
  • School Tax School District: BELMONT SD
  • Census Tract: 357100

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:34 P:000058 S:
  • Municipality: BELMONT
  • Latitude: 42.3972
  • Longitude: -71.1716

    Address

  • Full Address: 101 Alexander Ave
  • Address - House Number: 101
  • Address - Street Name: Alexander
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Belmont
  • Carrier Code: C004
  • 4-Digit Zip Code: 3162
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,450,000

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,507,954
  • High Value: 1,775,577
  • Low Value: 1,240,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,290,000
  • Assessed Land Value: $780,000
  • Assessed Improvements Value: $510,000

    Sales

  • Current Sale Recording Date: May 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79925
  • Previous Sale Recording Date: Oct 14, 1988
  • Previous Sale Amount: $198,225
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Belmont Center

Stats & Trends

Median Asking:

$1,597,000

Sale Price/ft²

$671

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2410 ft²

Average Home Age

94.7 years

Currently For Sale

10 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72134779

Frequently Asked Questions

When was property at 101 Alexander Avenue built and last sold?
The property at 101 Alexander Avenue was built in 1929 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 101 Alexander Avenue is $988,816.
What are some comparable homes to 101 Alexander Avenue?
There are currently no comparable homes to 101 Alexander Avenue.
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