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Arlington 02474 Arlington Heights
370 Ridge Street
$2,180,000
● House - Off Market

370 Ridge Street

Arlington, MA 02474
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,883 Ft²
$2,313,234
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

A Morningside beauty! This Brand New Home has just been completed and is ready for you to call it Home! The heart of the Home is the kitchen and this is a big one, plenty of cabinet space and quartz countertops, a cooks dream kitchen.  Also on the 1st floor is a dedicated home office, dining room, both with coffered ceilings and custom trim. Time to relax? Stretch out in the family room, with gas FP, or grab some sun on the deck. The 2nd floor provides 4 bedrooms and 2 baths, including a nice sized Primary Suite with spa like bath and walk-in closets. The 3rd floor provides a 5th Bedroom, bath and sitting room, great Junior or Guest Suite. Full finished walk-out lower level is suitable for many uses. A Premier Home in a Premier Neighborhood. You'll be proud to call this one HOME!
Unit Size
4,883 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$461
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
2021

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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 #72973375)

Price History

Date / Event Date Event Price
Jul 14, 2022 Sold
Premium
Sold
Apr 28, 2022 Listed by Sweeney & OConnell $2,249,000
Listed by Sweeney & OConnell
May 7, 2021 Sold
Premium
Sold
Mar 31, 2021 Listed by Sweeney & OConnell $749,000
Listed by Sweeney & OConnell

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,210
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,482
  • Total Building Area: 4,629
  • Gross Building Area: 6,437
  • Building Area: 4,629
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,629
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356400

Zoning

  • Zoning: R1

Geography

  • Account Number: 65397
  • Parcel: ARLI M:101.0 B:0005 L:0028
  • Block: 5
  • Lot: 28
  • Municipality: ARLINGTON
  • Latitude: 42.4329
  • Longitude: -71.1688

    Address

  • Full Address: 370 Ridge St
  • Address - House Number: 370
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C032
  • 4-Digit Zip Code: 1730
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,102,000

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 2,337,487
  • High Value: 2,761,033
  • Low Value: 1,913,941

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,984,900
  • Assessed Land Value: $528,400
  • Assessed Improvements Value: $1,456,500

    Sales

  • Current Sale Contract Date: Jul 13, 2022
  • Current Sale Recording Date: Jul 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1918451
  • Previous Sale Recording Date: May 07, 2021
  • Previous Sale Contract Date: May 04, 2021
  • Previous Sale Amount: $827,000
  • Previous Sale Document Type: O

    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 Arlington Heights

Stats & Trends

Median Asking:

$1,075,000

Sale Price/ft²

$565

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3520 ft²

Average Home Age

48.9 years

Currently For Sale

22 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72973375

Frequently Asked Questions

When was property at 370 Ridge Street built and last sold?
The property at 370 Ridge Street was built in 2021 and last sold on Jul 13, 2022 for $2,180,000.
How much is this home worth?
The estimated value of the home located at 370 Ridge Street is $2,265,602.
What are some comparable homes to 370 Ridge Street?
There are currently no comparable homes to 370 Ridge Street.
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