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Arlington 02474 Belmont Center
295 Lake Street
$650,000
● House - Off Market

295 Lake Street

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,689 Ft²
$1,182,670
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

From the moment you stroll up the brick walkway and through the old world inspired door with speakeasy window the warmth of the English Brick Colonial is palpable.  Seven rooms with first floor family room/office.  Three bedrooms with generous closets and walk up attic currently used as seasonal playroom but perfect for finishing for added living space.  2 l/2 baths with classic tile.   A cluster of similar homes and private way behind house, fenced in yard with patio and gardens and close proximity to schools create a cohesive neighborhood feel.  Access to route 2, public transportation and Minuteman Bikeway gives quick access to Cambridge, Boston and Alewife Station.  Not to be missed.
Unit Size
1,689 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$414
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1931

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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 #71956272)

Price History

Date / Event Date Event Price
Apr 25, 2016 Sold
Premium
Sold
Feb 5, 2016 Listed by The Higgins Group REALTORS® $699,000
Listed by The Higgins Group REALTORS®
Dec 21, 2009 Sold
Premium
Sold
Nov 12, 2009 Listed by The Higgins Group REALTORS® $499,000
Listed by The Higgins Group REALTORS®

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1959
  • 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: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 782
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,480
  • Total Building Area: 1,875
  • Gross Building Area: 3,033
  • Building Area: 1,875
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,875
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 14442
  • Parcel: ARLI M:022.0 B:0001 L:0002
  • Block: 1
  • Lot: 2
  • Municipality: ARLINGTON
  • Latitude: 42.4038
  • Longitude: -71.1601

    Address

  • Full Address: 295 Lake St
  • Address - House Number: 295
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C015
  • 4-Digit Zip Code: 8229
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,098,300

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,160,321
  • High Value: 1,364,321
  • Low Value: 956,322

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,037,100
  • Assessed Land Value: $520,700
  • Assessed Improvements Value: $516,400

    Sales

  • Current Sale Recording Date: Apr 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63079
  • Previous Sale Recording Date: Dec 21, 2009
  • Previous Sale Amount: $495,000
  • 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:

$1,557,500

Sale Price/ft²

$669

Below Asking

0.02%

Average Days on Market

49

Average Home Size

2550 ft²

Average Home Age

121.6 years

Currently For Sale

5 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: 6 months ago
Data Source: MLS PIN, MLS# 71956272

Frequently Asked Questions

When was property at 295 Lake Street built and last sold?
The property at 295 Lake Street was built in 1931 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 295 Lake Street is $724,656.
What are some comparable homes to 295 Lake Street?
There are currently no comparable homes to 295 Lake Street.
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