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Belmont 02478 Belmont Center
3-B Clark Lane
$596,000
● House - Off Market

3-B Clark Lane

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$1,035,289
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

---Open House Sunday 12-130pm NEW CONSTRUCTION TOWNHOUSE--------- . 6 large rooms 3 bed and 2 1/2 Bath with @2400sqft of living space over 3 upper levels  open floor plan, two car Garage and add Parking at street level. Private back and side yards, great quiet neighborhood walk to schools, churches, Belmont center, and Transportation.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$246
Property Type
House
Property Taxes
$833,333
HOA Dues
$99,999
Year Built
1979

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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 #70187259)

Price History

Date / Event Date Event Price
Aug 5, 2005 Sold
Premium
Sold
May 7, 2005 Listed by Flagship Homes $590,000
Listed by Flagship Homes
Sep 13, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,077
  • Total Building Area: 1,444
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • 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: 357800

Zoning

  • Zoning: R

Geography

  • Parcel: BELM M:30 P:000067 S:A
  • Municipality: BELMONT
  • Latitude: 42.3932
  • Longitude: -71.1804

    Address

  • Full Address: 3 Clark Ln
  • Address - House Number: 3
  • Address - Street Name: Clark
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Belmont
  • Carrier Code: C028
  • 4-Digit Zip Code: 2455
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,039,700

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,071,335
  • High Value: 1,245,529
  • Low Value: 897,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $925,000
  • Assessed Land Value: $700,000
  • Assessed Improvements Value: $225,000

    Sales

  • Current Sale Recording Date: Sep 13, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 289
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 Belmont Center

Stats & Trends

Median Asking:

$1,599,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2497 ft²

Average Home Age

91.4 years

Currently For Sale

9 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

$3,090 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70187259

Frequently Asked Questions

When was property at 3B Clark Lane built and last sold?
The property at 3B Clark Lane was built in 1979 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 3B Clark Lane is $647,368.
What are some comparable homes to 3B Clark Lane?
There are currently no comparable homes to 3B Clark Lane.
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