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Arlington 02474 Belmont Center
283 Lake Street
$424,125
● House - Off Market

283 Lake Street

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,452 Ft²
$514,045
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

ATTENTION HUGE REDUCTION $200K  HOME DEEMED A TEAR DOWN - SOLD AS IS BUYER TO DO THEIR DUE DILIGENCE AND NO REPRESENTATIONS ARE MADE.
Unit Size
1,452 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$344
Property Type
House
Property Taxes
$801
HOA Dues
-
Year Built
1925

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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 #73060526)

Price History

Date / Event Date Event Price
Mar 8, 2023 Sold
Premium
Sold
Dec 11, 2022 In contract -
In contract
Dec 3, 2022 Withdrawn -
Withdrawn
Nov 29, 2022 Listed by RE/MAX Destiny $499,000
Listed by RE/MAX Destiny
Oct 1, 1980 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 726
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,452
  • Gross Building Area: 2,318
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356703

Zoning

  • Zoning: R1

Geography

  • Account Number: 14326
  • Parcel: ARLI M:021.0 B:0001 L:0004
  • Block: 1
  • Lot: 4
  • Municipality: ARLINGTON
  • Latitude: 42.4035
  • Longitude: -71.1595

    Address

  • Full Address: 283 Lake St
  • Address - House Number: 283
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C015
  • 4-Digit Zip Code: 8295
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,092,600

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 1,133,320
  • High Value: 1,317,593
  • Low Value: 949,047

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,031,700
  • Assessed Land Value: $665,300
  • Assessed Improvements Value: $366,400

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 23076
  • Previous Sale Recording Date: Oct 01, 1980
  • Previous Sale Amount: $65,000
  • 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 Belmont Center

Stats & Trends

Median Asking:

$1,597,000

Sale Price/ft²

$680

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2619 ft²

Average Home Age

90.6 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 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# 73060526

Frequently Asked Questions

When was property at 283 Lake Street built and last sold?
The property at 283 Lake Street was built in 1925 and last sold on Mar 1, 2023 for $424,125.
How much is this home worth?
The estimated value of the home located at 283 Lake Street is $528,578.
What are some comparable homes to 283 Lake Street?
There are currently no comparable homes to 283 Lake Street.
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