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Belmont 02478 Cushing Square
39 Gorham Road
$1,032,500
● House - Off Market

39 Gorham Road

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,680 Ft²
$1,058,898
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Excellent and rare opportunity to bring your vision and upgrade this classic 8 room, 4 bedroom, 1 bath center entrance colonial with a 1 car detached garage. Well located on a side street, yet .2 of a mile to Cushing Square! Front to back living room with hardwood floors, fireplace and French doors leading to the sun room. Dining room also features hardwood floors and French doors. Large eat-in kitchen with exterior access to the deck and backyard. 4 corner bedrooms on the 2nd floor and access from one of the bedrooms to a large unfinished attic. Full bath on the 2nd floor. Lower level is unfinished and has good access to the exterior side of the house. Photos are virtually staged. Offers due Monday January 16th at 5pm. Pre-offer inspection is strongly encouraged and select times will be available.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$595
Property Type
House
Property Taxes
$1,050
HOA Dues
-
Year Built
1923

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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 #73065411)

Price History

Date / Event Date Event Price
Feb 22, 2023 Sold
Premium
Sold
Jan 17, 2023 In contract -
In contract
Dec 16, 2022 Listed by Unlimited Sotheby's International Realty $998,900
Listed by Unlimited Sotheby's International Realty
Jun 28, 2006 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 5,844
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000134
  • 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:12 P:000014 S:
  • Municipality: BELMONT
  • Latitude: 42.3836
  • Longitude: -71.1772

    Address

  • Full Address: 39 Gorham Rd
  • Address - House Number: 39
  • Address - Street Name: Gorham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C010
  • 4-Digit Zip Code: 2247
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,325,200

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 1,251,142
  • High Value: 1,475,745
  • Low Value: 1,026,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,179,000
  • Assessed Land Value: $811,000
  • Assessed Improvements Value: $368,000

    Sales

  • Current Sale Contract Date: Feb 22, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18127
  • Previous Sale Recording Date: Jun 28, 2006
  • Previous Sale Amount: $12,500
  • Previous Sale Document Type: 27

    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 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

$2,985 /mo

  • Studio
  • 1 Bath
  • 698 ft²
20 Watertown St. #Studio A, 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# 73065411

Frequently Asked Questions

When was property at 39 Gorham Road built and last sold?
The property at 39 Gorham Road was built in 1923 and last sold on Feb 22, 2023 for $1,032,500.
How much is this home worth?
The estimated value of the home located at 39 Gorham Road is $1,021,510.
What are some comparable homes to 39 Gorham Road?
There are currently no comparable homes to 39 Gorham Road.
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