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Belmont 02478 Belmont Center
303 School Street
$966,000
● House - Off Market

303 School Street

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,199 Ft²
$1,457,726
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

A spectacular opportunity to own a four bedroom colonial in the heart of Belmont awaits. This home, well maintained and cared features an eat in kitchen, 2.5 baths, structural upgrades to roof, plumbing and electrical systems, and many replacement windows. The brick and stucco exterior offers an elegant look and splendid curb appeal. 2 car garage and sunlit yard offer outdoor opportunities.  Close to commuter routes, public transportation and amenities, this home is well placed to suit anyone's needs.
Unit Size
2,199 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$398
Property Type
House
Property Taxes
$888
HOA Dues
-
Year Built
1936

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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 #72028038)

Price History

Date / Event Date Event Price
Aug 12, 2016 Sold
Premium
Sold
Jun 23, 2016 Listed by Coldwell Banker Residential Brokerage - Belmont $875,000
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 23
  • 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: 7,094
  • Total Building Area: 2,199
  • Building Area: 2,199
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,199
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • 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:19 P:000070 S:
  • Municipality: BELMONT
  • Latitude: 42.3863
  • Longitude: -71.1655

    Address

  • Full Address: 303 School St
  • Address - House Number: 303
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belmont
  • Carrier Code: C039
  • 4-Digit Zip Code: 3515
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,409,500

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,596,316
  • High Value: 1,958,200
  • Low Value: 1,234,431

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,254,000
  • Assessed Land Value: $764,000
  • Assessed Improvements Value: $490,000

    Sales

  • Current Sale Recording Date: Aug 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 138777

    Financing

  • First Mortgage Financing Type: UNK
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

$671

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2410 ft²

Average Home Age

94.7 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

$2,830 /mo

  • Studio
  • 1 Bath
  • 767 ft²
20 Watertown St. #Studio D, 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# 72028038

Frequently Asked Questions

When was property at 303 School Street built and last sold?
The property at 303 School Street was built in 1936 and last sold on Jan 1, 1970 for $966,000.
How much is this home worth?
The estimated value of the home located at 303 School Street is $907,219.
What are some comparable homes to 303 School Street?
There are currently no comparable homes to 303 School Street.
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