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Belmont 02478 Belmont Center
3 Colonial Terrace
$800,000
● House - Off Market

3 Colonial Terrace

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,570 Ft²
$1,450,113
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Lovely Dutch Colonial with period detail and modern amenities.  Located on private cul de sac with wishing well. Updated kitchen with maple cabinets, granite, recessed lighting,  and stainless appliances.  Much charm double staircase with curved wood detail, built in bookshelves, picture rail, and wainscoting.  Sunroom with separate entrance to back yard. Four corner bedrooms plus media room. Fireplaced living room with built in bookcases,and double French Doors. Lovely brick paved back yard.  Rare opportunity to buy in fantastic location centrally located close to Wellington Elementary School, Underwood Pool, Belmont Center, and Cushing Square.
Unit Size
1,570 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$509
Property Type
House
Property Taxes
$711
HOA Dues
-
Year Built
1917

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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 #71718609)

Price History

Date / Event Date Event Price
Aug 29, 2014 Sold
Premium
Sold
Jul 24, 2014 Listed by Lawndale Realty $799,000
Listed by Lawndale Realty
Sep 4, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,888
  • Total Building Area: 1,570
  • Building Area: 1,570
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,570
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • 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: 357200

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:18 P:000003 S:
  • Municipality: BELMONT
  • Latitude: 42.391
  • Longitude: -71.1705

    Address

  • Full Address: 3 Colonial Ter
  • Address - House Number: 3
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Belmont
  • Carrier Code: C023
  • 4-Digit Zip Code: 2970
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,315,100

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,438,260
  • High Value: 1,665,025
  • Low Value: 1,211,494

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,170,000
  • Assessed Land Value: $774,000
  • Assessed Improvements Value: $396,000

    Sales

  • Current Sale Recording Date: Aug 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 131564
  • Previous Sale Recording Date: Sep 04, 1990
  • Previous Sale Amount: $236,000
  • 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

$675

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2455 ft²

Average Home Age

93.8 years

Currently For Sale

10 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

$3,880 /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# 71718609

Frequently Asked Questions

When was property at 3 Colonial Terrace built and last sold?
The property at 3 Colonial Terrace was built in 1917 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 3 Colonial Terrace is $812,014.
What are some comparable homes to 3 Colonial Terrace?
There are currently no comparable homes to 3 Colonial Terrace.
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