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Belmont 02478 Cushing Square
45 Raleigh Road
$920,000
● House - Off Market

45 Raleigh Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,477 Ft²
$1,339,245
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

This gleaming seven room side entrance Colonial is sited on a desirable tree lined street. Offering a charming living room with fire-place, built ins and window seat, a formal dining room accented with wainscoting, a bright updated kitchen and French doors leading to a sun-splashed family room.  The second floor offers three bedrooms and updated bath in addition to hardwood floors and replacement windows throughout.   The exterior is enhanced by a new roof, partially fenced yard, inviting deck and two-car garage.  Conveniently located to Cushing square, shops, restaurants, schools, park and public transportation.
Unit Size
1,477 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$579
Property Type
House
Property Taxes
$824
HOA Dues
-
Year Built
1922

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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 #72162835)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
May 11, 2017 Listed by Coldwell Banker Residential Brokerage - Belmont $855,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Jul 6, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 12
  • 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: 4,912
  • Total Building Area: 1,477
  • Building Area: 1,477
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,477
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: R

Geography

  • Parcel: BELM M:06 P:000085 S:
  • Municipality: BELMONT
  • Latitude: 42.3847
  • Longitude: -71.1734

    Address

  • Full Address: 45 Raleigh Rd
  • Address - House Number: 45
  • Address - Street Name: Raleigh
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C029
  • 4-Digit Zip Code: 2837
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,279,100

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,309,274
  • High Value: 1,541,637
  • Low Value: 1,076,911

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,138,000
  • Assessed Land Value: $777,000
  • Assessed Improvements Value: $361,000

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102918
  • Previous Sale Recording Date: Jul 06, 1994
  • Previous Sale Amount: $250,000
  • 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 Cushing Square

Stats & Trends

Median Asking:

$1,324,500

Sale Price/ft²

$602

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2210 ft²

Average Home Age

96.4 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

$2,830 /mo

  • Studio
  • 1 Bath
  • 767 ft²
20 Watertown St. #Studio D, 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# 72162835

Frequently Asked Questions

When was property at 45 Raleigh Road built and last sold?
The property at 45 Raleigh Road was built in 1922 and last sold on Jan 1, 1970 for $920,000.
How much is this home worth?
The estimated value of the home located at 45 Raleigh Road is $874,005.
What are some comparable homes to 45 Raleigh Road?
There are currently no comparable homes to 45 Raleigh Road.
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