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Milton 02186 West Quincy
261 Granite Ave
$490,000
● House - Off Market

261 Granite Ave

Milton, MA 02186
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,029 Ft²
$841,092
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Set behind the white picket fence, the best deal in Milton awaits you with an arms length worth of updates and upgrades.  The photos speak to the excellent condition and modern style.  What you don't see is this... 2014: new roof, new 2 zone "split" central air system.  2015:  Natural gas conversion with new boiler and "on demand" water heater, electrical upgrade to 200 amp, new water main.  2016: Kitchen renovation - opened up to dining room.  Other updates include full basement remodel with full bath (2011), irrigation installed (2012), refrigerator/dishwasher/range all replaced within last 2 years.  HW floors, fireplace'd living room, 1 car garage.  All this, set on an 9,000 square foot lot, and conveniently located close to East Milton Square.  You won't want to miss this value packed home!
Unit Size
2,029 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$246
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1936

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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: 6 months ago (MLSPIN #71966972)

Price History

Date / Event Date Event Price
May 23, 2016 Sold
Premium
Sold
Mar 3, 2016 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services
Sep 13, 2007 Sold
Premium
Sold
May 6, 2007 Listed by William Raveis R.E. & Home Services $379,900
Listed by William Raveis R.E. & Home Services
Oct 31, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 988
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,930
  • Total Building Area: 1,564
  • Gross Building Area: 3,255
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Milton School District
  • School Tax School District: MILTON SD
  • Census Tract: 416400

Zoning

  • Zoning: RC

Geography

  • Parcel: MILT M:G B:042 L:6A
  • Block: 42
  • Lot: 6A
  • Municipality: MILTON
  • Latitude: 42.2622
  • Longitude: -71.0435

    Address

  • Full Address: 261 Granite Ave
  • Address - House Number: 261
  • Address - Street Name: Granite
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Milton
  • Carrier Code: C033
  • 4-Digit Zip Code: 5020
  • Zip Code: 02186

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $689,700

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 780,677
  • High Value: 912,528
  • Low Value: 648,826

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,600
  • Assessed Land Value: $328,000
  • Assessed Improvements Value: $303,600

    Sales

  • Current Sale Recording Date: May 23, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46686
  • Previous Sale Recording Date: Sep 13, 2007
  • Previous Sale Amount: $361,500
  • Previous Sale Document Type: 27
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 West Quincy

Stats & Trends

Median Asking:

$759,000

Sale Price/ft²

$521

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2151 ft²

Average Home Age

77.8 years

Currently For Sale

8 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 175 Centre Street, Quincy, MA, 02169

$2,920 /mo

  • 2 Beds
  • 2 Baths
  • 1,081 ft²
175 Centre Street #Presidential_noFireplace, Quincy, MA, 02169 Listing by Equity Residential
Unit for rent at 333 Ricciuti Dr., Quincy, MA, 02169

$3,295 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
333 Ricciuti Dr. #1 Bedroom C, Quincy, MA, 02169 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71966972

Frequently Asked Questions

When was property at 261 Granite Avenue built and last sold?
The property at 261 Granite Avenue was built in 1936 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 261 Granite Avenue is $522,761.
What are some comparable homes to 261 Granite Avenue?
There are currently no comparable homes to 261 Granite Avenue.
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