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Belmont 02478 Cushing Square
275 Payson Road
Photo of 275 Payson Road
Sold on Jun 3, 2011

1

Map

$769,000
● House - Off Market

275 Payson Road

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,426 Ft²
$1,580,709
RealtyHop Estimate
105.55%
Since Jul 1, 2011
MA-Boston
Primary Model

About This Property

Stately brick CE Colonial in immaculate condition. The house, built in 1922, has beautiful architectural detail: gumwood beam ceiling in LR with French doors & FP, unusually large sunroom, spacious dining room with French doors and elegant wainscoting.  A bright updated eat-in kitchen leads to a carefully landscaped fenced garden with patio.  In addition, there are 3 bedrooms, study and 2 full baths on the second floor and a fourth bedroom on the third.  This is a gem!
Unit Size
2,426 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$317
Property Type
House
Property Taxes
$740
HOA Dues
-
Year Built
1922

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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: 6 months ago (MLSPIN #71205342)

Price History

Date / Event Date Event Price
Jun 3, 2011 Sold
Premium
Sold
Mar 25, 2011 Listed by Hammond Residential Real Estate $769,000
Listed by Hammond Residential Real Estate
Jul 7, 1988 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 639
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,974
  • Total Building Area: 2,356
  • Gross Building Area: 2,061
  • Building Area: 2,356
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,356
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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: 357400

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:03 P:000151 S:
  • Municipality: BELMONT
  • Latitude: 42.3789
  • Longitude: -71.167

    Address

  • Full Address: 275 Payson Rd
  • Address - House Number: 275
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C006
  • 4-Digit Zip Code: 3408
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,516,300

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,804,737
  • High Value: 2,125,032
  • Low Value: 1,484,442

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,349,000
  • Assessed Land Value: $806,000
  • Assessed Improvements Value: $543,000

    Sales

  • Current Sale Recording Date: Jun 03, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000009
  • Previous Sale Recording Date: Jul 07, 1988
  • Previous Sale Amount: $30,000
  • 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 Cushing Square

Stats & Trends

Median Asking:

$1,300,000

Sale Price/ft²

$601

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2151 ft²

Average Home Age

95.8 years

Currently For Sale

21 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

$3,310 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 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# 71205342

Frequently Asked Questions

When was property at 275 Payson Road built and last sold?
The property at 275 Payson Road was built in 1922 and last sold on Jan 1, 1970 for $769,000.
How much is this home worth?
The estimated value of the home located at 275 Payson Road is $823,885.
What are some comparable homes to 275 Payson Road?
There are currently no comparable homes to 275 Payson Road.
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