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Belmont 02478 Belmont Center
246 Blanchard Rd
$485,000
● House - Off Market

246 Blanchard Rd

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,498 Ft²
$874,076
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

A 1914 Colonial on the Cambridge-line has great potential (awaits your updates and finishing touches). 1st floor: kitchen, dining room, living room and sitting room.  2nd floor: three good sized bedrooms, full bath and walk up access to a large attic. Large unfinished basement with a half bath.  Paved driveway (3 car parking) and large private side yard. Ideal for commuters, close to route 2, Harvard Square busline and bike path to the Alewife MBTA station.  Burbank School district.  High ceilings, much character - with some updating this will be a fantastic home for many years to come. Perfect for investors, contractors or owner-occupants.
Unit Size
1,498 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$333
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1914

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71900104)

Price History

Date / Event Date Event Price
Oct 4, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Century 21 Adams Lawndale $855,000
Listed by Century 21 Adams Lawndale
Nov 4, 2015 Sold
Premium
Sold
Sep 8, 2015 Listed by Century 21 Adams Lawndale $499,000
Listed by Century 21 Adams Lawndale

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 4,117
  • Total Building Area: 1,498
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • 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: 357200

Zoning

  • Zoning: R

Geography

  • Parcel: BELM M:22 P:000168 S:
  • Municipality: BELMONT
  • Latitude: 42.3924
  • Longitude: -71.1579

    Address

  • Full Address: 246 Blanchard Rd
  • Address - House Number: 246
  • Address - Street Name: Blanchard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C018
  • 4-Digit Zip Code: 4004
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $904,800

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,044,379
  • High Value: 1,229,730
  • Low Value: 859,028

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $805,000
  • Assessed Land Value: $562,000
  • Assessed Improvements Value: $243,000

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 219189
  • Previous Sale Recording Date: Nov 04, 2015
  • Previous Sale Amount: $485,000
  • 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

$672

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2415 ft²

Average Home Age

94.8 years

Currently For Sale

11 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

$3,580 /mo

  • 2 Beds
  • 2 Baths
  • 1,322 ft²
20 Watertown St. #2 Bedrooms J, Watertown, MA, 02472 Listing by Equity Residential
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# 71900104

Frequently Asked Questions

When was property at 246 Blanchard Road built and last sold?
The property at 246 Blanchard Road was built in 1914 and last sold on Sep 30, 2021 for $875,000.
How much is this home worth?
The estimated value of the home located at 246 Blanchard Road is $861,861.
What are some comparable homes to 246 Blanchard Road?
There are currently no comparable homes to 246 Blanchard Road.
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