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Belmont 02478 Belmont Center
241 Channing Road
$550,000
● House - Off Market

241 Channing Road

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,824 Ft²
$1,063,425
RealtyHop Estimate
90.24%
Since Jan 1, 2007
MA-Boston
Primary Model

About This Property

Custom 7 Room, 4 bedroom, 1 1/2 baths, 1/2 brick front Colonial. Front to back fireplaces, living room. Newer windows, hardwood floors, basement ready to finish with finished fireplace and roughed-in half bath
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$306
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1963

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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 #70463869)

Price History

Date / Event Date Event Price
Dec 21, 2006 Sold
Premium
Sold
Sep 23, 2006 Listed by American Hallmark $559,000
Listed by American Hallmark

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,384
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,098
  • Total Building Area: 1,824
  • Gross Building Area: 5,128
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • 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:37 P:000076 S:
  • Municipality: BELMONT
  • Latitude: 42.3963
  • Longitude: -71.164

    Address

  • Full Address: 241 Channing Rd
  • Address - House Number: 241
  • Address - Street Name: Channing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C017
  • 4-Digit Zip Code: 3108
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,208,300

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,201,034
  • High Value: 1,414,187
  • Low Value: 987,881

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,075,000
  • Assessed Land Value: $704,000
  • Assessed Improvements Value: $371,000

    Sales

  • Current Sale Recording Date: Dec 21, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 01430697
  • Previous Sale Recording Date: Dec 21, 2006
  • Previous Sale Document Type: 48
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:

$1,599,000

Sale Price/ft²

$680

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2428 ft²

Average Home Age

91.1 years

Currently For Sale

10 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: 4 months ago
Data Source: MLS PIN, MLS# 70463869

Frequently Asked Questions

When was property at 241 Channing Road built and last sold?
The property at 241 Channing Road was built in 1963 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 241 Channing Road is $593,530.
What are some comparable homes to 241 Channing Road?
There are currently no comparable homes to 241 Channing Road.
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