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Belmont 02478 Belmont Center
24 Newcastle Road
$491,000
● House - Off Market

24 Newcastle Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,452 Ft²
$1,127,490
RealtyHop Estimate
119.36%
Since Mar 1, 2012
MA-Boston
Primary Model

About This Property

Unique Expanded Cape with versatile floor plan.  Lovely 3 bedroom home featuring fireplace living room Excellent light, 1st floor family room with cathedral ceilings, fireplace and sliders overlooking incredible private enclosed back yard.  Quiet tree lined street near schools, transportation, Belmont Center and other amenities.
Unit Size
1,452 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$354
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
1940

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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 #71291718)

Price History

Date / Event Date Event Price
May 5, 2021 Sold
Premium
Sold
Feb 25, 2021 Listed by Coldwell Banker Residential Brokerage - Belmont $1,269,900
Listed by Coldwell Banker Residential Brokerage - Belmont
Feb 16, 2012 Sold
Premium
Sold
Sep 23, 2011 Listed by Coldwell Banker Residential Brokerage - Belmont $514,000
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,150
  • Total Building Area: 1,718
  • Building Area: 1,718
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,718
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • 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: 357100

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:38 P:000037 S:
  • Municipality: BELMONT
  • Latitude: 42.3973
  • Longitude: -71.1622

    Address

  • Full Address: 24 Newcastle Rd
  • Address - House Number: 24
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C020
  • 4-Digit Zip Code: 4107
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,478,100

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,489,010
  • High Value: 1,753,271
  • Low Value: 1,224,748

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,315,000
  • Assessed Land Value: $853,000
  • Assessed Improvements Value: $462,000

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102233
  • Previous Sale Recording Date: Feb 16, 2012
  • Previous Sale Amount: $491,000
  • Previous Sale Document Type: O
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 Center

Stats & Trends

Median Asking:

$1,595,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2604 ft²

Average Home Age

90.7 years

Currently For Sale

9 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 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71291718

Frequently Asked Questions

When was property at 24 Newcastle Road built and last sold?
The property at 24 Newcastle Road was built in 1940 and last sold on May 5, 2021 for $1,415,000.
How much is this home worth?
The estimated value of the home located at 24 Newcastle Road is $1,286,910.
What are some comparable homes to 24 Newcastle Road?
There are currently no comparable homes to 24 Newcastle Road.
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