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Belmont 02478 Belmont Hill
29 Ernest Road
$1,240,000
● House - Off Market

29 Ernest Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,712 Ft²
$1,256,907
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Nestled on Belmont Hill, this storybook seven room Cape is appointed with beautiful period architectural details throughout.  The bright vestibule welcomes you to this inviting home, highlights include the living room with fireplace and built ins, formal dining room with chair rail, a cozy family room; a charming up-dated eat-in-kitchen with seasonal views and a wall of glass with French door leading to bucolic grounds, a half bath completes the first floor.  The second floor is complimented by views of the Boston skyline, boasting three bed-rooms including a large primary bedroom enhanced by natures palette and a family bath.  This 7,877 square foot lot, unfinished lower level, one car garage, hardwood floors and convenient location  completes this home.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$721
Property Type
House
Property Taxes
$1,114
HOA Dues
-
Year Built
1937

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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: 4 months ago (MLSPIN #73050472)

Price History

Date / Event Date Event Price
Apr 18, 2023 Sold
Premium
Sold
Feb 7, 2023 In contract -
In contract
Feb 2, 2023 Relisted $1,235,000
Relisted
Nov 23, 2022 Withdrawn -
Withdrawn
Oct 20, 2022 Listed by Coldwell Banker Realty - Belmont $1,235,000
Listed by Coldwell Banker Realty - Belmont

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • 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: 4
  • Exterior Walls Type: 18
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,877
  • Total Building Area: 1,712
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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: 357100

Zoning

  • Zoning: SB

Geography

  • Parcel: BELM M:47 P:000021 S:
  • Municipality: BELMONT
  • Latitude: 42.4037
  • Longitude: -71.1718

    Address

  • Full Address: 29 Ernest Rd
  • Address - House Number: 29
  • Address - Street Name: Ernest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C007
  • 4-Digit Zip Code: 3328
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,336,400

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 1,293,228
  • High Value: 1,525,386
  • Low Value: 1,061,071

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,189,000
  • Assessed Land Value: $850,000
  • Assessed Improvements Value: $339,000

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38367

    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 Hill

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4385 ft²

Average Home Age

73.7 years

Currently For Sale

17 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 51 Nyack Avenue, LANSDOWNE, PA, 19050

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
51 Nyack Avenue #6, LANSDOWNE, PA, 19050 Listing by John M Sacks-Wilner

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73050472

Frequently Asked Questions

When was property at 29 Ernest Road built and last sold?
The property at 29 Ernest Road was built in 1937 and last sold on Apr 18, 2023 for $1,240,000.
How much is this home worth?
The estimated value of the home located at 29 Ernest Road is $1,246,468.
What are some comparable homes to 29 Ernest Road?
There are currently no comparable homes to 29 Ernest Road.
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