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Belmont 02478 Belmont Center
42 Richardson Road
$836,000
● House - Off Market

42 Richardson Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,813 Ft²
$1,425,130
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Delightful home in top Burbank School location. Large fireplace living room, first-floor family room, updated baths, pretty dining room opens to 2008 kitchen with granite counters, SS appliances and a large island leading to deck and nice level yard. Roof and front stairs replaced in 2010. Front-yard sprinkler 2010. Two-car garage. Lots of storage. Cedar closet in basement. Walk to schools, bus to Harvard Square, park, shops, etc. Well-maintained home--numerous updates--ready to move right in.
Unit Size
1,813 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$413
Property Type
House
Property Taxes
$730
HOA Dues
-
Year Built
1930

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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 #71537290)

Price History

Date / Event Date Event Price
Jul 25, 2013 Sold
Premium
Sold
Jun 6, 2013 Listed by RE/MAX Leading Edge $749,000
Listed by RE/MAX Leading Edge
Nov 1, 2004 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,386
  • Total Building Area: 2,074
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 357200

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:20 P:000070 S:
  • Municipality: BELMONT
  • Latitude: 42.3875
  • Longitude: -71.1626

    Address

  • Full Address: 42 Richardson Rd
  • Address - House Number: 42
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C024
  • 4-Digit Zip Code: 3954
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,501,700

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,656,148
  • High Value: 1,950,072
  • Low Value: 1,362,224

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,336,000
  • Assessed Land Value: $853,000
  • Assessed Improvements Value: $483,000

    Sales

  • Current Sale Recording Date: Jul 25, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000016
  • Previous Sale Recording Date: Nov 01, 2004
  • Previous Sale Amount: $632,500
  • 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 Belmont Center

Stats & Trends

Median Asking:

$1,595,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2604 ft²

Average Home Age

90.7 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

$3,880 /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 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71537290

Frequently Asked Questions

When was property at 42 Richardson Road built and last sold?
The property at 42 Richardson Road was built in 1930 and last sold on Jan 1, 1970 for $836,000.
How much is this home worth?
The estimated value of the home located at 42 Richardson Road is $795,217.
What are some comparable homes to 42 Richardson Road?
There are currently no comparable homes to 42 Richardson Road.
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