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Arlington 02476 Arlington Heights
245 Park Ave
$1,150,000
● House - Off Market

245 Park Ave

Arlington, MA 02476
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,074 Ft²
$1,107,491
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Attention investors, home flippers, contractors, and buyers who want a project! This spacious four-bedroom, with two-and-a-half baths, was built in 1995 and has over a 1,000 sq. ft of unfinished basement.  Located in the Bracket School area, this home is being sold as-is.  On nearly a 1/4 acre lot this home has a large two-car garage, with plenty of extra driveway parking, pristine hardwood floors, a fireplace, master bathroom, and four bedrooms on the 2nd floor.  Easy to show with a motivated seller! Submit your offer today before this opportunity is gone!
Unit Size
2,074 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$470
Property Type
House
Property Taxes
$870
HOA Dues
-
Year Built
1995

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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 years ago (MLSPIN #72860012)

Price History

Date / Event Date Event Price
Sep 2, 2021 Sold
Premium
Sold
Jul 5, 2021 Listed by Walker Residential Property LLC $975,000
Listed by Walker Residential Property LLC
Aug 15, 1997 Sold
Premium
Sold
Sep 1, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,026
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,603
  • Total Building Area: 2,074
  • Gross Building Area: 4,438
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356602

Zoning

  • Zoning: R1

Geography

  • Account Number: 107397
  • Parcel: ARLI M:161.0 B:0002 L:0008
  • Block: 2
  • Lot: 8
  • Municipality: ARLINGTON
  • Latitude: 42.4171
  • Longitude: -71.1806

    Address

  • Full Address: 245 Park Ave
  • Address - House Number: 245
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Arlington
  • Carrier Code: C043
  • 4-Digit Zip Code: 7439
  • Zip Code: 02476

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,215,700

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,349,572
  • High Value: 1,588,249
  • Low Value: 1,110,896

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,148,000
  • Assessed Land Value: $617,000
  • Assessed Improvements Value: $531,000

    Sales

  • Current Sale Contract Date: Sep 01, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1892452
  • Previous Sale Recording Date: Aug 15, 1997
  • Previous Sale Amount: $397,000
  • Previous Sale Document Type: 43

    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 Arlington Heights

Stats & Trends

Median Asking:

$1,095,000

Sale Price/ft²

$565

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3413 ft²

Average Home Age

51.8 years

Currently For Sale

23 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72860012

Frequently Asked Questions

When was property at 245 Park Avenue built and last sold?
The property at 245 Park Avenue was built in 1995 and last sold on Sep 1, 2021 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 245 Park Avenue is $0.
What are some comparable homes to 245 Park Avenue?
There are currently no comparable homes to 245 Park Avenue.
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