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Belmont 02478 Belmont Hill
12 Lantern Road
$1,325,000
● House - Off Market

12 Lantern Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,238 Ft²
$1,236,180
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Architecturally designed custom built mid century modern home in coveted Belmont Hill, steps away from Belmont Country Club. Single ownership home. The heart of the home starts in the expansive living/dining room with a custom marble fireplace, gleaming wood floors and custom built in cabinetry.  Each room offers extended windows taking advantage of the gorgeous surrounding natural light. Generous bedrooms sizes with deep closets.  The walk-out lower level provides flexible space as an office, au pair accommodations or playroom. The exterior offers mature surroundings of trees for wonderful privacy, custom stone patio and stonewall.  A one of a kind property that is not to be missed and is awaiting your personal touch!
Unit Size
2,238 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$536
Property Type
House
Property Taxes
$1,372
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: 4 months ago (MLSPIN #73060886)

Price History

Date / Event Date Event Price
Mar 8, 2023 Sold
Premium
Sold
Dec 10, 2022 In contract -
In contract
Nov 27, 2022 Listed by MGS Group Real Estate LTD - Wellesley $1,200,000
Listed by MGS Group Real Estate LTD - Wellesley

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,000
  • Total Building Area: 2,238
  • Gross Building Area: 3,760
  • Building Area: 2,238
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,238
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000505
  • 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: 357800

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:74 P:000037 S:
  • Municipality: BELMONT
  • Latitude: 42.4116
  • Longitude: -71.1933

    Address

  • Full Address: 12 Lantern Rd
  • Address - House Number: 12
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C002
  • 4-Digit Zip Code: 1707
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,741,100

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 1,651,916
  • High Value: 1,948,465
  • Low Value: 1,355,368

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,549,000
  • Assessed Land Value: $1,067,000
  • Assessed Improvements Value: $482,000

    Sales

  • Current Sale Contract Date: Mar 07, 2023
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1933257
  • Previous Sale Recording Date: Nov 08, 2007
  • Previous Sale Document Type: 48
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:

$1,950,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4385 ft²

Average Home Age

73.7 years

Currently For Sale

17 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 51 Nyack Avenue, LANSDOWNE, PA, 19050

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
51 Nyack Avenue #6, LANSDOWNE, PA, 19050 Listing by John M Sacks-Wilner

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73060886

Frequently Asked Questions

When was property at 12 Lantern Road built and last sold?
The property at 12 Lantern Road was built in 1958 and last sold on Mar 7, 2023 for $1,325,000.
How much is this home worth?
The estimated value of the home located at 12 Lantern Road is $1,241,318.
What are some comparable homes to 12 Lantern Road?
There are currently no comparable homes to 12 Lantern Road.
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