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Waltham 02451 Bank Square
243-A School St
$400,000
● House - Off Market

243-A School St

Waltham, MA 02451
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
986 Ft²
$421,042
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Let's Move! $75,000 price adjustment! Lovely Colonial home conveniently located. Walk to Waltham's Famous Chateau Restaurant, Hannaford Market, Waltham Library, Moody St and public transportation. Easy access to route 128 and Mass Pike. This Charming 6 room 2 bedroom 1.5 bath 2 car garage home is an ideal condo alternative. Enjoy your favorite beverage and snacks from the cozy 18x5 front porch. The home is nestled comfortably off of School St. A great opportunity to live in Wonderful Waltham at an affordable price!
Unit Size
986 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$405
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1860

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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 #73010619)

Price History

Date / Event Date Event Price
Sep 14, 2022 Sold
Premium
Sold
Jul 12, 2022 Listed by Coldwell Banker Realty - Waltham $399,000
Listed by Coldwell Banker Realty - Waltham
Jul 22, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • 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: 8
  • Basement Area: 756
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,698
  • Total Building Area: 986
  • Gross Building Area: 2,072
  • Building Area: 986
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 986
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000850
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Waltham School District
  • School Tax School District: WALTHAM SD
  • Census Tract: 368300

Zoning

  • Zoning: 1

Geography

  • Account Number: 102061
  • Parcel: WALT M:059 B:005 L:0004
  • Block: 5
  • Lot: 4
  • Municipality: WALTHAM
  • Latitude: 42.3788
  • Longitude: -71.2416

    Address

  • Full Address: 243a School St
  • Address - House Number: 243a
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Waltham
  • Carrier Code: C050
  • 4-Digit Zip Code: 4547
  • Zip Code: 02451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $450,700

    Appraisal Valuation

  • Standard Deviation: 0.2401
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 490,725
  • High Value: 608,557
  • Low Value: 372,894

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $467,500
  • Assessed Land Value: $291,200
  • Assessed Improvements Value: $176,300

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139784
  • Previous Sale Recording Date: Jul 22, 1993
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Bank Square

Stats & Trends

Median Asking:

$849,999

Sale Price/ft²

$480

Below Asking

0.03%

Average Days on Market

74

Average Home Size

2494 ft²

Average Home Age

88.1 years

Currently For Sale

14 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 70 Hope Ave, Waltham, MA, 02453

$3,536 /mo

  • 2 Beds
  • 2 Baths
  • 1,056 ft²
70 Hope Ave #Essex, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 237 Moody St., Waltham, MA, 02453

$3,415 /mo

  • 2 Beds
  • 2 Baths
  • 1,190 ft²
237 Moody St. #2 Bedrooms U, Waltham, MA, 02453 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# 73010619

Frequently Asked Questions

When was property at 243A School Street built and last sold?
The property at 243A School Street was built in 1860 and last sold on Sep 14, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 243A School Street is $409,203.
What are some comparable homes to 243A School Street?
There are currently no comparable homes to 243A School Street.
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