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Belmont 02478 Cushing Square
22 Payson Terrace
$1,250,000
● House - Off Market

22 Payson Terrace

Belmont, MA 02478
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,112 Ft²
$1,644,949
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Payson Park - Quiet tree lined street, walking distance to everything - all schools, Town Center, T & Train, and Cushing Sq.  Elegant five bedroom home - On floor one you will find a updated kitchen with eating nook & pantry, dining room with beautiful details, front to back living room with fireplace and recessed lighting, & a cozy sunroom or family room.  Level two offers Master bedroom with walk in closet, built in cabinetry & full bath,  two additional bedrooms and a newer main bath, plus a bonus room.  On level three two bedrooms, and full bath - all bedrooms are generous in size.  In addition this home offers central air on floor one, two car garage and a beautiful rear yard.
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$545
Property Type
House
Property Taxes
$1,029
HOA Dues
-
Year Built
1930

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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 #72583745)

Price History

Date / Event Date Event Price
Jan 28, 2020 Sold
Premium
Sold
Oct 23, 2019 Listed by Coldwell Banker Residential Brokerage - Belmont $1,150,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Mar 31, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,940
  • Total Building Area: 2,145
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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: 357400

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:07 P:000084 S:
  • Municipality: BELMONT
  • Latitude: 42.3846
  • Longitude: -71.1681

    Address

  • Full Address: 22 Payson Ter
  • Address - House Number: 22
  • Address - Street Name: Payson
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Belmont
  • Carrier Code: C029
  • 4-Digit Zip Code: 2836
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,603,900

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,751,566
  • High Value: 2,062,424
  • Low Value: 1,440,708

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,427,000
  • Assessed Land Value: $860,000
  • Assessed Improvements Value: $567,000

    Sales

  • Current Sale Contract Date: Jan 16, 2020
  • Current Sale Recording Date: Jan 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13006
  • Previous Sale Recording Date: Mar 31, 1995
  • Previous Sale Amount: $344,000
  • 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 Cushing Square

Stats & Trends

Median Asking:

$1,300,000

Sale Price/ft²

$601

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2151 ft²

Average Home Age

95.8 years

Currently For Sale

21 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

$3,880 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72583745

Frequently Asked Questions

When was property at 22 Payson Terrace built and last sold?
The property at 22 Payson Terrace was built in 1930 and last sold on Jan 16, 2020 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 22 Payson Terrace is $1,171,618.
What are some comparable homes to 22 Payson Terrace?
There are currently no comparable homes to 22 Payson Terrace.
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