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Arlington 02474 Arlington Center
40 Ridge Street
$336,855
● House - Off Market

40 Ridge Street

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,056 Ft²
$756,832
RealtyHop Estimate
101.82%
Since Nov 1, 2003
MA-Boston
Primary Model

About This Property

THIS COZY CAPE IS LOCATED ON A SPACIOUS LOT. HARDWOOD FLOORS,FIREPLACE LIVING ROOM,EAT-IN KITCHEN.WALK TO SHOPS, SCHOOL, & PUBLIC TRANSPORTATION. SUBJECT TO SELLER FINDING SUITABLE HOUSING.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$355
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1948

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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 #30747011)

Price History

Date / Event Date Event Price
Jul 12, 2019 Sold
Premium
Sold
Oct 22, 2003 Sold
Premium
Sold
Jul 18, 2003 Listed by Coldwell Banker Realty - Arlington $375,000
Listed by Coldwell Banker Realty - Arlington

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 748
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,046
  • Total Building Area: 1,098
  • Gross Building Area: 2,196
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356400

Zoning

  • Zoning: R1

Geography

  • Account Number: 55326
  • Parcel: ARLI M:087.0 B:0006 L:0005.A
  • Block: 6
  • Lot: 5.A
  • Municipality: ARLINGTON
  • Latitude: 42.4232
  • Longitude: -71.1558

    Address

  • Full Address: 40 Ridge St
  • Address - House Number: 40
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C049
  • 4-Digit Zip Code: 1721
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $779,200

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 869,107
  • High Value: 1,012,095
  • Low Value: 726,120

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $735,800
  • Assessed Land Value: $481,100
  • Assessed Improvements Value: $254,700

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98951
  • Previous Sale Recording Date: Oct 22, 2003
  • Previous Sale Amount: $336,855
  • Previous Sale Document Type: 27
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 Arlington Center

Stats & Trends

Median Asking:

$1,210,000

Sale Price/ft²

$595

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2418 ft²

Average Home Age

89.1 years

Currently For Sale

27 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: 4 years ago
Data Source: MLS PIN, MLS# 30747011

Frequently Asked Questions

When was property at 40 Ridge Street built and last sold?
The property at 40 Ridge Street was built in 1948 and last sold on Jul 8, 2019 for $664,000.
How much is this home worth?
The estimated value of the home located at 40 Ridge Street is $0.
What are some comparable homes to 40 Ridge Street?
There are currently no comparable homes to 40 Ridge Street.
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