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Belmont 02478 Cushing Square
40 Bay State Rd
$715,000
● House - Off Market

40 Bay State Rd

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,159 Ft²
$1,500,925
RealtyHop Estimate
103.10%
Since Oct 1, 2003
MA-Boston
Primary Model

About This Property

CHARACTER ABOUNDS THROUGHOUT THIS GRACIOUS 1920'S COLONIAL. MUCH PERIOD DETAIL.3RD FLOOR AU PAIR SUITE W/FULL BATH. LARGE SUNROOM PLUS WONDERFUL ENCLOSED PORCH OFF KIT.SHORT WALK TO CUSHING SQUARE & PUB TRANS. (9/15 CLOSING DATE)
Unit Size
2,159 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$342
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1928

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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 years ago (MLSPIN #30741944)

Price History

Date / Event Date Event Price
Oct 1, 2003 Sold
Premium
Sold
Jul 6, 2003 Listed by Hillman Homes $739,000
Listed by Hillman Homes

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,176
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,918
  • Total Building Area: 2,366
  • Gross Building Area: 3,820
  • Building Area: 2,366
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,366
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • 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:000015 S:
  • Municipality: BELMONT
  • Latitude: 42.3849
  • Longitude: -71.1769

    Address

  • Full Address: 40 Bay State Rd
  • Address - House Number: 40
  • Address - Street Name: Bay State
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C010
  • 4-Digit Zip Code: 2241
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,666,900

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,789,962
  • High Value: 2,107,634
  • Low Value: 1,472,289

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,483,000
  • Assessed Land Value: $875,000
  • Assessed Improvements Value: $608,000

    Sales

  • Current Sale Recording Date: Oct 01, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 807
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:

$1,349,000

Sale Price/ft²

$601

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2201 ft²

Average Home Age

95.3 years

Currently For Sale

20 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

$3,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, 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: 4 years ago
Data Source: MLS PIN, MLS# 30741944

Frequently Asked Questions

When was property at 40 Bay State Road built and last sold?
The property at 40 Bay State Road was built in 1928 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 40 Bay State Road is $0.
What are some comparable homes to 40 Bay State Road?
There are currently no comparable homes to 40 Bay State Road.
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