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Belmont 02478 Cushing Square
232 Payson Rd
Photo of 232 Payson Rd
Sold on Jul 18, 2008

1

Map

$1,050,000
● House - Off Market

232 Payson Rd

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,500 Ft²
$2,311,659
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

Move right into this impeccable house, located in the sought-after Payson Park area, close to schools, picturesque views, multi-leveled first floor, Open-floor plan kitchen, Fine-quality Anderson windows throughout the house; Fireplace in Livroom, Central HVAC w/4 zones; 3.5 baths, cathedral ceilings,  Master-bedroom with a scenic view; Jaccuzzi, high-beamed ceiling; Deck overlooking luscious unusually-large fenced-in, manicured backyard. this will not last! UNDER AGREEMENT. BACKUP OFFER ACCPTD
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$336
Property Type
House
Property Taxes
$967
HOA Dues
-
Year Built
1935

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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 #70763279)

Price History

Date / Event Date Event Price
Jul 18, 2008 Sold
Premium
Sold
May 17, 2008 Listed $1,175,000
Listed
Sep 5, 2003 Sold
Premium
Sold
Jun 15, 2003 Listed $979,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,650
  • Total Building Area: 2,644
  • Building Area: 2,644
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,644
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000267
  • 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:08 P:000048 S:
  • Municipality: BELMONT
  • Latitude: 42.3817
  • Longitude: -71.1662

    Address

  • Full Address: 232 Payson Rd
  • Address - House Number: 232
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C029
  • 4-Digit Zip Code: 2877
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,014,200

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,177,012
  • High Value: 2,563,376
  • Low Value: 1,790,648

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,792,000
  • Assessed Land Value: $916,000
  • Assessed Improvements Value: $876,000

    Sales

  • Current Sale Recording Date: Jul 18, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00118948
  • Previous Sale Recording Date: Sep 05, 2003
  • Previous Sale Amount: $930,000
  • 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:

$1,349,000

Sale Price/ft²

$601

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2089 ft²

Average Home Age

95.1 years

Currently For Sale

18 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

$3,065 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70763279

Frequently Asked Questions

When was property at 232 Payson Road built and last sold?
The property at 232 Payson Road was built in 1935 and last sold on Jan 1, 1970 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 232 Payson Road is $1,227,260.
What are some comparable homes to 232 Payson Road?
There are currently no comparable homes to 232 Payson Road.
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