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Belmont 02478 Belmont Center
114 Bright Rd.
$1,230,000
● House - Off Market

114 Bright Rd.

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,624 Ft²
$1,327,096
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Custom built brick front Colonial with endless possibilities. This home has great bones and is waiting for its next chapter.  Two car attached garage, gleaming oak hardwood floors.  Gas heat and central AC, fenced yard, fourth bedroom possible on first floor. Great bonus rooms in lower level with new tile, fireplace, and billiard room..Lower level square footage could be easily increased . Excellent location for T stop, commute to Cambridge or Boston, access to Rte. 2.
Unit Size
2,624 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$476
Property Type
House
Property Taxes
$985
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (MLSPIN #73015763)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Jul 21, 2022 Listed by Ingram Realty Co. $1,249,000
Listed by Ingram Realty Co.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,380
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,024
  • Total Building Area: 1,881
  • Gross Building Area: 3,214
  • Building Area: 1,881
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,881
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 357200

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:21 P:000036 S:
  • Municipality: BELMONT
  • Latitude: 42.3881
  • Longitude: -71.1608

    Address

  • Full Address: 114 Bright Rd
  • Address - House Number: 114
  • Address - Street Name: Bright
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C024
  • 4-Digit Zip Code: 3936
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,226,300

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,331,343
  • High Value: 1,567,623
  • Low Value: 1,095,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,091,000
  • Assessed Land Value: $742,000
  • Assessed Improvements Value: $349,000

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 157137
  • Previous Sale Recording Date: May 09, 2013
  • Previous Sale Document Type: 27
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:

$1,499,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2439 ft²

Average Home Age

90.8 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$2,985 /mo

  • Studio
  • 1 Bath
  • 698 ft²
20 Watertown St. #Studio A, Watertown, MA, 02472 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73015763

Frequently Asked Questions

When was property at 114 Bright Road built and last sold?
The property at 114 Bright Road was built in 1966 and last sold on Oct 21, 2022 for $1,230,000.
How much is this home worth?
The estimated value of the home located at 114 Bright Road is $1,302,490.
What are some comparable homes to 114 Bright Road?
There are currently no comparable homes to 114 Bright Road.
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