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Arlington 02474 East Arlington
48 Eliot Road
$700,000
● House - Off Market

48 Eliot Road

Arlington, MA 02474
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,116 Ft²
$1,230,263
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

Beautiful cape style home in one of the most desirable neighborhoods in Arlington, Kelwyn Manor!!  This 2 bedroom 1.5 bath house features front to back living room, formal dining room, two fireplaces, garage parking, back patio great for entertaining, spacious fenced in back yard with tool shed and finished basement with family room and an office area. This is a perfect starter home with lots of potential in a truly amazing location with a private neighborhood park on Spy Pond! Easy access to Spy Pond, Rt. 2, Minuteman Bike Path, Alewife T,  local restaurants  and shops!
Unit Size
2,116 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$330
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1939

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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 months ago (MLSPIN #71922598)

Price History

Date / Event Date Event Price
Jan 8, 2016 Sold
Premium
Sold
Oct 22, 2015 Listed by Redfin Corp. $699,000
Listed by Redfin Corp.

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 924
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,652
  • Total Building Area: 2,495
  • Gross Building Area: 3,204
  • Building Area: 2,495
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,495
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000153
  • 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: 356703

Zoning

  • Zoning: R1

Geography

  • Account Number: 12774
  • Parcel: ARLI M:018.0 B:0004 L:0009
  • Block: 4
  • Lot: 9
  • Municipality: ARLINGTON
  • Latitude: 42.4044
  • Longitude: -71.1519

    Address

  • Full Address: 48 Eliot Rd
  • Address - House Number: 48
  • Address - Street Name: Eliot
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Arlington
  • Carrier Code: C015
  • 4-Digit Zip Code: 8251
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,168,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,207,882
  • High Value: 1,397,218
  • Low Value: 1,018,546

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,103,500
  • Assessed Land Value: $650,500
  • Assessed Improvements Value: $453,000

    Sales

  • Current Sale Recording Date: Jan 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1719894
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 East Arlington

Stats & Trends

Median Asking:

$1,050,000

Sale Price/ft²

$597

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1930 ft²

Average Home Age

92 years

Currently For Sale

22 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 205 Walden St, Cambridge, MA, 02140

$3,218 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 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: 4 months ago
Data Source: MLS PIN, MLS# 71922598

Frequently Asked Questions

When was property at 48 Eliot Road built and last sold?
The property at 48 Eliot Road was built in 1939 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 48 Eliot Road is $741,717.
What are some comparable homes to 48 Eliot Road?
There are currently no comparable homes to 48 Eliot Road.
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