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Belmont 02478 Belmont Hill
1085 Concord Avenue
$1,405,000
● House - Off Market

1085 Concord Avenue

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,683 Ft²
$1,395,382
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Sunny custom built home on a large lot across from Rock Meadow Conservation land in Belmont. This 4 bedroom, 2 bathroom home with direct access two car garage features a bright and spacious living and dining area that leads to a well-equipped kitchen with a breakfast bar and abundant storage. A sliding glass door off the dining room opens to a large deck, a patio, and an expansive flat backyard equipped with a new sprinkler system and irrigation meter! The homeowner has completed many updates including a new roof, new heating and cooling systems, recessed lighting and improved flooring. This move-in ready home also provides a great opportunity for immediate or future expansion. OFFERS WILL BE REVIEWED ON MONDAY 5/22 at 5PM.
Unit Size
2,683 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$521
Property Type
House
Property Taxes
$907
HOA Dues
-
Year Built
1958

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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 #73100999)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
Jun 2, 2023 In contract -
In contract
Apr 19, 2023 Listed by Donnelly + Co. $1,399,000
Listed by Donnelly + Co.
Sep 15, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Donnelly + Co. $1,050,000
Listed by Donnelly + Co.
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,542
  • Total Building Area: 1,690
  • Building Area: 1,690
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,690
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000403
  • 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: 357700

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:68 P:000012 S:
  • Municipality: BELMONT
  • Latitude: 42.406
  • Longitude: -71.2004

    Address

  • Full Address: 1085 Concord Ave
  • Address - House Number: 1085
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Belmont
  • Carrier Code: C014
  • 4-Digit Zip Code: 1017
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,088,000

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 1,216,363
  • High Value: 1,434,722
  • Low Value: 998,004

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $968,000
  • Assessed Land Value: $782,000
  • Assessed Improvements Value: $186,000

    Sales

  • Current Sale Contract Date: Jul 24, 2023
  • Current Sale Recording Date: Jul 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81382
  • Previous Sale Recording Date: Sep 15, 2021
  • Previous Sale Contract Date: Sep 15, 2021
  • Previous Sale Amount: $1,050,000
  • 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 Belmont Hill

Stats & Trends

Median Asking:

$1,899,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4602 ft²

Average Home Age

61.8 years

Currently For Sale

12 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73100999

Frequently Asked Questions

When was property at 1085 Concord Avenue built and last sold?
The property at 1085 Concord Avenue was built in 1958 and last sold on Jul 24, 2023 for $1,405,000.
How much is this home worth?
The estimated value of the home located at 1085 Concord Avenue is $1,417,644.
What are some comparable homes to 1085 Concord Avenue?
There are currently no comparable homes to 1085 Concord Avenue.
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