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Belmont 02478 Cushing Square
38 Horace Road
Photo of 38 Horace Road
Sold on Apr 30, 2025

19

Map

Photo of 38 Horace Road
Photo of 38 Horace Road
$1,680,000
● House - Off Market

38 Horace Road

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,314 Ft²
$9,229
Est. Monthly
2.71%
Cap Rate

About This Property

Nestled on a tranquil tree lined street, this welcoming nine room Brick Colonial is appointed with beautiful period architectural detail. This home features a large living room with fireplace, highlighted by wall of glass doors accessing an expansive family room. French doors open to a formal dining room with wainscotting, a large eat-in-kitchen, the sun-filled first floor family room highlighted by sky lights and sliders that open to deck and gardens. A charming home office and full bath complete the 1st floor. The second level boasts four bedrooms, updated family bath and access to walk-up attic. A one car detached garage, proximity to Cushing Square, shops, schools, public transportation, Cambridge and Boston complete this home.
Unit Size
2,314 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$689
Property Type
House
Property Taxes
$1,397
HOA Dues
-
Year Built
1924

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MLSPIN #73348028)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Premium
Sold
Mar 25, 2025 In contract -
In contract
Mar 20, 2025 Listed $1,595,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 5,529
  • Total Building Area: 2,314
  • Building Area: 2,314
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,314
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • 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: 357500

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:16 P:000113 S:
  • Municipality: BELMONT
  • Latitude: 42.3858
  • Longitude: -71.1767

    Address

  • Full Address: 38 Horace Rd
  • Address - House Number: 38
  • Address - Street Name: Horace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C010
  • 4-Digit Zip Code: 2316
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,439,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,528,033
  • High Value: 1,776,484
  • Low Value: 1,279,581

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,281,000
  • Assessed Land Value: $800,000
  • Assessed Improvements Value: $481,000
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:

$1,300,000

Sale Price/ft²

$601

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2151 ft²

Average Home Age

95.8 years

Currently For Sale

21 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: 2 years ago
Data Source: MLS PIN, MLS# 73348028

Frequently Asked Questions

When was property at 38 Horace Road built and last sold?
The property at 38 Horace Road was built in 1924 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Horace Road is $0.
What are some comparable homes to 38 Horace Road?
There are currently no comparable homes to 38 Horace Road.
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