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Arlington 02474 Arlington Heights
18 Tower Road
$471,000
● House - Off Market

18 Tower Road

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,036 Ft²
$1,085,439
RealtyHop Estimate
117.52%
Since Feb 1, 2003
MA-Boston
Primary Model

About This Property

RENOVATED 3 BEDROOM MULTI-LEVEL HOME ON A DEAD END STREET. 2 MODERN TILE BATHROOMS, CONTEMPORARY KITCHEN OPENS TO A LG. FAMILY RM. W/CATHEDRAL CEILINGS & SLIDERS TO A DECK & PATIO. BEAUTIFULLY MAINTAINED. FINISHED BASEMENT & UPDATED SYSTEMS.
Unit Size
2,036 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$245
Property Type
House
Property Taxes
$338
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: 5 months ago (MLSPIN #30664653)

Price History

Date / Event Date Event Price
Jan 31, 2003 Sold
Premium
Sold
Nov 2, 2002 Listed by Real Estate 109 $499,000
Listed by Real Estate 109
Jun 1, 2000 Sold
Premium
Sold
Mar 13, 2000 Listed by Real Estate 109 $409,900
Listed by Real Estate 109

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,443
  • Total Building Area: 2,882
  • Gross Building Area: 3,252
  • Building Area: 2,882
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,882
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356400

Zoning

  • Zoning: R1

Geography

  • Account Number: 65529
  • Parcel: ARLI M:101.0 B:0007 L:0004
  • Block: 7
  • Lot: 4
  • Municipality: ARLINGTON
  • Latitude: 42.4312
  • Longitude: -71.1694

    Address

  • Full Address: 18 Tower Rd
  • Address - House Number: 18
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Arlington
  • Carrier Code: C032
  • 4-Digit Zip Code: 1613
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $890,400

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,039,928
  • High Value: 1,202,937
  • Low Value: 876,919

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $840,800
  • Assessed Land Value: $496,800
  • Assessed Improvements Value: $344,000

    Sales

  • Current Sale Recording Date: Jan 31, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 669
  • Previous Sale Recording Date: Jun 01, 2000
  • Previous Sale Amount: $400,000
  • 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 Arlington Heights

Stats & Trends

Median Asking:

$1,085,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3413 ft²

Average Home Age

51.8 years

Currently For Sale

23 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# 30664653

Frequently Asked Questions

When was property at 18 Tower Road built and last sold?
The property at 18 Tower Road was built in 1958 and last sold on Jan 1, 1970 for $471,000.
How much is this home worth?
The estimated value of the home located at 18 Tower Road is $535,698.
What are some comparable homes to 18 Tower Road?
There are currently no comparable homes to 18 Tower Road.
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