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Belmont 02478 Cushing Square
38 Raleigh Rd
Photo of 38 Raleigh Rd

11

Map

Photo of 38 Raleigh Rd
Photo of 38 Raleigh Rd
$839,500
● House - In Contract

38 Raleigh Rd

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,370 Ft²
$5,198
Est. Monthly

About This Property

Well located historical home in need of updating. This Craftsman Bungalow is being sold "As Is". On the plus side it sits on a corner lot with 2 car garage. The home is surrounded by well kept homes in significantly higher price points. Short walk to vibrant Cushing Square. The convenience is tough to beat. See Historical Narrative attachment.
Unit Size
1,370 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$613
Property Type
House
Property Taxes
$1,075
HOA Dues
-
Year Built
1920

Listed By

Jim McGue
GRANITE GROUP REALTORS®

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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: 30 days ago (MLSPIN #73582707)

Price History

Date / Event Date Event Price
Oct 2, 2026 In contract -
In contract
Sep 25, 2026 Listed by GRANITE GROUP REALTORS® $839,500
Listed by GRANITE GROUP REALTORS®

Property Highlights

Garage
Parking Available
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Paved, Off Street
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Bathroom - Half, Den
Appliances: Gas Water Heater, Water Heater, Range, Dishwasher, Refrigerator, Washer, Dryer
Flooring Type: Tile, Hardwood, Flooring - Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Sink
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full
Exterior Details
Square Footage: 1370
Architectural Style: Bungalow, Craftsman
Year Built Source: Public Records
Year Built: 1920
Building Area Total: 1370
Building Area Units: Square Feet
Patio and Porch Features: Screened
Lot Features: Corner Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5400
Water Source: Public
Financial Details
Tax Assessed Value: $1,133,000
Tax Annual Amount: $12,905
Utilities Details
Cooling Type: None
Heating Type: Hot Water, Steam, Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,400
  • Total Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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: R

Geography

  • Parcel: BELM M:06 P:000073 S:
  • Municipality: BELMONT
  • Latitude: 42.385
  • Longitude: -71.1738

    Address

  • Full Address: 38 Raleigh Rd
  • Address - House Number: 38
  • Address - Street Name: Raleigh
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C029
  • 4-Digit Zip Code: 2838
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,218,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,182,064
  • High Value: 1,376,541
  • Low Value: 987,588

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,084,000
  • Assessed Land Value: $796,000
  • Assessed Improvements Value: $288,000
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:

$1,358,000

Sale Price/ft²

$603

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2333 ft²

Average Home Age

93.2 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 20 Watertown St., Watertown, MA, 02472

$2,985 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential
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: 30 days ago
Data Source: MLS PIN, MLS# 73582707

Frequently Asked Questions

When was property at 38 Raleigh Road built and last sold?
The property at 38 Raleigh Road was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Raleigh Road is $847,597.
What are some comparable homes to 38 Raleigh Road?
There are currently no comparable homes to 38 Raleigh Road.
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