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Belmont 02478 Belmont Center
258 Concord Ave
$1,060,000
● House - Off Market

258 Concord Ave

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,851 Ft²
$1,068,717
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Highly sought after home in Belmont! It is right across the new Belmont High School with amazing view of Clay pit pond. Easy access to the highway, parks, schools, and a fast commute to Boston and Cambridge. Walking to training station, Bus stops (74, 75, 78) and a lot of more. The house need some TLC. It has a brand new heating system. Owner occupied right now. Schedule showings with agent today!
Unit Size
1,851 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$583
Property Type
House
Property Taxes
$902
HOA Dues
-
Year Built
1950

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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 #73143948)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Aug 25, 2023 In contract -
In contract
Aug 2, 2023 Listed by Peace of Mind Realty $1,080,000
Listed by Peace of Mind Realty
Apr 11, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 6,508
  • Total Building Area: 1,851
  • Building Area: 1,851
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,851
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: SC

Geography

  • Parcel: BELM M:23 P:000085 S:
  • Municipality: BELMONT
  • Latitude: 42.3935
  • Longitude: -71.1684

    Address

  • Full Address: 258 Concord Ave
  • Address - House Number: 258
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Belmont
  • Carrier Code: C017
  • 4-Digit Zip Code: 3029
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,144,200

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,211,910
  • High Value: 1,426,993
  • Low Value: 996,826

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,018,000
  • Assessed Land Value: $748,000
  • Assessed Improvements Value: $270,000

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 109847
  • Previous Sale Recording Date: Apr 11, 2017
  • Previous Sale Amount: $670,000
  • Previous Sale Document Type: O

    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 Belmont Center

Stats & Trends

Median Asking:

$1,597,000

Sale Price/ft²

$671

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2410 ft²

Average Home Age

94.7 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 Watertown St., Watertown, MA, 02472

$2,985 /mo

  • Studio
  • 1 Bath
  • 698 ft²
20 Watertown St. #Studio A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73143948

Frequently Asked Questions

When was property at 258 Concord Avenue built and last sold?
The property at 258 Concord Avenue was built in 1950 and last sold on Sep 28, 2023 for $1,060,000.
How much is this home worth?
The estimated value of the home located at 258 Concord Avenue is $1,102,405.
What are some comparable homes to 258 Concord Avenue?
There are currently no comparable homes to 258 Concord Avenue.
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