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Belmont 02478 Waverley Square
22 Ripley Rd
$785,000
● House - Off Market

22 Ripley Rd

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,136 Ft²
$838,760
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Welcome contractors and buyers don't miss this opportunity to own this home on a quiet street near Waverly Square. This well-loved home has been in the same family for over 6 decades and offers a spacious yard, 7+ rooms with 1 ½ baths and the potential to create something very special. Whether you are looking to renovate the existing home and create something very special or consider a development opportunity with a new home this property offers multiple opportunities for the knowledgeable buyer. The opportunities are endless. The house is being sold as is condition and we respectfully request all buyers complete their inspections and due diligence prior to the offer deadline. Please contact the listing agent for any questions.
Unit Size
1,136 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$691
Property Type
House
Property Taxes
$862
HOA Dues
-
Year Built
1910

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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 #72928433)

Price History

Date / Event Date Event Price
Feb 16, 2022 Sold
Premium
Sold
Dec 16, 2021 Listed by Gibson Sotheby's International Realty $785,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,542
  • Total Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • 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: 357600

Zoning

  • Zoning: R

Geography

  • Parcel: BELM M:15 P:000168 S:
  • Municipality: BELMONT
  • Latitude: 42.3819
  • Longitude: -71.1883

    Address

  • Full Address: 22 Ripley Rd
  • Address - House Number: 22
  • Address - Street Name: Ripley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C032
  • 4-Digit Zip Code: 1247
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,037,500

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 818,386
  • High Value: 1,000,865
  • Low Value: 635,906

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $923,000
  • Assessed Land Value: $756,000
  • Assessed Improvements Value: $167,000

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25427
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 Waverley Square

Stats & Trends

Median Asking:

$969,000

Sale Price/ft²

$549

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2168 ft²

Average Home Age

87.8 years

Currently For Sale

13 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

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 1,045 ft²
20 Watertown St. #1 Bedroom G, Watertown, MA, 02472 Listing by Equity Residential
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: 5 months ago
Data Source: MLS PIN, MLS# 72928433

Frequently Asked Questions

When was property at 22 Ripley Road built and last sold?
The property at 22 Ripley Road was built in 1910 and last sold on Feb 16, 2022 for $785,000.
How much is this home worth?
The estimated value of the home located at 22 Ripley Road is $784,699.
What are some comparable homes to 22 Ripley Road?
There are currently no comparable homes to 22 Ripley Road.
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