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Belmont 02478 Cushing Square
28 Pierce Road
$775,000
● House - Off Market

28 Pierce Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,866 Ft²
$1,499,907
RealtyHop Estimate
88.67%
Since Jul 1, 2004
MA-Boston
Primary Model

About This Property

Classic 7 room C.E. Colonial in top Wellington School loca tion offering spacious fireplace livingroom, formal dining room and a master bedroom with a full bathroom and two closets.  The recently painted interior with newly sanded floors, makes this sunny home a pleasure to show.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$426
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1949

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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 #70020629)

Price History

Date / Event Date Event Price
Jun 21, 2004 Sold
Premium
Sold
Apr 16, 2004 Listed by Coldwell Banker Residential Brokerage - Belmont $795,000
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,832
  • Total Building Area: 1,788
  • Building Area: 1,788
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,788
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • 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: 357800

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:17 P:000100 S:
  • Municipality: BELMONT
  • Latitude: 42.3877
  • Longitude: -71.1769

    Address

  • Full Address: 28 Pierce Rd
  • Address - House Number: 28
  • Address - Street Name: Pierce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C009
  • 4-Digit Zip Code: 2318
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,470,200

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,551,580
  • High Value: 1,796,212
  • Low Value: 1,306,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,308,000
  • Assessed Land Value: $976,000
  • Assessed Improvements Value: $332,000

    Sales

  • Current Sale Recording Date: Jun 21, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1338349
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

$3,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, 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# 70020629

Frequently Asked Questions

When was property at 28 Pierce Road built and last sold?
The property at 28 Pierce Road was built in 1949 and last sold on Jan 1, 1970 for $775,000.
How much is this home worth?
The estimated value of the home located at 28 Pierce Road is $821,532.
What are some comparable homes to 28 Pierce Road?
There are currently no comparable homes to 28 Pierce Road.
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