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Belmont 02478 Cushing Square
366 Payson Rd
$1,100,000
● House - Off Market

366 Payson Rd

Belmont, MA 02478
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,649 Ft²
$1,519,477
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Charming Brick 1925 Center Entrance Colonial. Lovely entrance with turned stairway. Hardwood floors throughout. Gracious Dining Room. Front to back Living Room with fireplace. Sun/Family Room off the Living Room. Recent tile floor in basement Rec Room. Eat-in Kitchen. Light filled MBR with walk in closet and bath. Inviting third floor Bedrooms with dormers, vaulted ceilings and built-ins. Nice level backyard. Two car detached garage. Steps away from desirable Payson Park and renowned Oakley Country Club. Lovely walking neighborhood. Convenient to shops and restaurants at Cushing Square.  Easy commute to Cambridge and Boston and outward to 128 corridor. Close to Fresh Pond & public transportation to Harvard Square.  A wonderful opportunity to make this home your own!!
Unit Size
2,649 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$368
Property Type
House
Property Taxes
$917
HOA Dues
-
Year Built
1925

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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 #72205514)

Price History

Date / Event Date Event Price
Sep 18, 2017 Sold
Premium
Sold
Jul 28, 2017 Listed by RE/MAX Traditions, Inc. $975,000
Listed by RE/MAX Traditions, Inc.
May 8, 1963 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,962
  • Total Building Area: 2,649
  • Building Area: 2,649
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,649
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • 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: 357400

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:03 P:000145 S:
  • Municipality: BELMONT
  • Latitude: 42.3777
  • Longitude: -71.1663

    Address

  • Full Address: 366 Payson Rd
  • Address - House Number: 366
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C006
  • 4-Digit Zip Code: 3402
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,398,300

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,715,064
  • High Value: 2,019,445
  • Low Value: 1,410,684

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,244,000
  • Assessed Land Value: $775,000
  • Assessed Improvements Value: $469,000

    Sales

  • Current Sale Recording Date: Sep 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 150560
  • Previous Sale Recording Date: May 08, 1963
  • Previous Sale Amount: $40,600
  • 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 Cushing Square

Stats & Trends

Median Asking:

$1,353,500

Sale Price/ft²

$600

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2141 ft²

Average Home Age

94.7 years

Currently For Sale

19 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: 4 months ago
Data Source: MLS PIN, MLS# 72205514

Frequently Asked Questions

When was property at 366 Payson Road built and last sold?
The property at 366 Payson Road was built in 1925 and last sold on Jan 1, 1970 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 366 Payson Road is $994,850.
What are some comparable homes to 366 Payson Road?
There are currently no comparable homes to 366 Payson Road.
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