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Belmont 02478 Belmont Hill
35 Lantern Rd
$700,000
● House - Off Market

35 Lantern Rd

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
4 Baths
square feet
1,862 Ft²
$1,640,268
RealtyHop Estimate
105.29%
Since May 1, 2010
MA-Boston
Primary Model

About This Property

A circular driveway welcomes you to this spacious sun-drenched Ranch. Boasting an open floor plan ideal for entertaining; four bedrooms including a master suite with bath and dressing room. Lower level features large family room/game room, au pair/inlaw suite;walls of windows throughout overlook beautiful grounds and in-ground pool. A fireplace,central air, and easy commute to Cambridge and Boston complete this home.
Unit Size
1,862 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$429
Property Type
House
Property Taxes
$951
HOA Dues
-
Year Built
1957

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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 #70939361)

Price History

Date / Event Date Event Price
Apr 6, 2010 Sold
Premium
Sold
Jun 25, 2009 Listed by Coldwell Banker Residential Brokerage - Belmont $799,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Jul 26, 2001 Sold
Premium
Sold
Apr 6, 2001 Listed by Coldwell Banker Residential Brokerage - Belmont $599,900
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 18,200
  • Total Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000418
  • 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: 357800

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:74 P:000031 S:
  • Municipality: BELMONT
  • Latitude: 42.4124
  • Longitude: -71.1923

    Address

  • Full Address: 35 Lantern Rd
  • Address - House Number: 35
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C002
  • 4-Digit Zip Code: 1706
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,789,400

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,839,941
  • High Value: 2,166,484
  • Low Value: 1,513,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,592,000
  • Assessed Land Value: $1,018,000
  • Assessed Improvements Value: $574,000

    Sales

  • Current Sale Recording Date: Apr 06, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1529129
  • Previous Sale Recording Date: Jul 26, 2001
  • Previous Sale Amount: $590,000
  • Previous Sale Document Type: 48

    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

61

Average Home Size

4670 ft²

Average Home Age

70.2 years

Currently For Sale

15 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# 70939361

Frequently Asked Questions

When was property at 35 Lantern Road built and last sold?
The property at 35 Lantern Road was built in 1957 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 35 Lantern Road is $813,899.
What are some comparable homes to 35 Lantern Road?
There are currently no comparable homes to 35 Lantern Road.
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