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Belmont 02478 Belmont Hill
315 Mill Street
$645,000
● House - Off Market

315 Mill Street

Belmont, MA 02478
bedrooms
2 Beds
bathrooms
1 Bath
square feet
950 Ft²
$947,786
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

After nearly 40 years this adorable cape awaits its new owner(s). Possibilities are endless for you contractors or end users with a vision. Boasts approx. 950 sq ft on the main level which includes bedroom and living room with fireplace featuring hardwood floors. Recent kitchen was fitted for handicap access and what could be used as 2nd bedroom has washer/dryer hookup with access to its single car garage and large backyard.  Don't miss this opportunity to create your own dream house on this beautiful lot overlooking Rock Meadow Conservation and conveniently located to Belmont Center with its exceptional retail and restaurants and Belmont's desirable schools and easy access to Route 2 to Cambridge and Boston. Don't miss out, call us today.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$674
Property Type
House
Property Taxes
$609
HOA Dues
-
Year Built
1941

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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 #72336443)

Price History

Date / Event Date Event Price
Jun 26, 2018 Sold
Premium
Sold
May 30, 2018 Listed by Ardent Residential Brokerage, LLC $639,900
Listed by Ardent Residential Brokerage, LLC
Feb 15, 1979 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,613
  • Total Building Area: 950
  • Gross Building Area: 5,670
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 950
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: 357700

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:59 P:000007 S:
  • Municipality: BELMONT
  • Latitude: 42.4012
  • Longitude: -71.1947

    Address

  • Full Address: 315 Mill St
  • Address - House Number: 315
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belmont
  • Carrier Code: C031
  • 4-Digit Zip Code: 1009
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $874,500

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 901,772
  • High Value: 1,042,318
  • Low Value: 761,226

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $778,000
  • Assessed Land Value: $720,000
  • Assessed Improvements Value: $58,000

    Sales

  • Current Sale Recording Date: Jun 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 92322
  • Previous Sale Recording Date: Feb 15, 1979
  • Previous Sale Amount: $39,000
  • 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 Hill

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4351 ft²

Average Home Age

70 years

Currently For Sale

18 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: 5 months ago
Data Source: MLS PIN, MLS# 72336443

Frequently Asked Questions

When was property at 315 Mill Street built and last sold?
The property at 315 Mill Street was built in 1941 and last sold on Jan 1, 1970 for $645,000.
How much is this home worth?
The estimated value of the home located at 315 Mill Street is $647,103.
What are some comparable homes to 315 Mill Street?
There are currently no comparable homes to 315 Mill Street.
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