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Belmont 02478 Belmont Center
48 Stone Rd
$2,499,000
● House - Off Market

48 Stone Rd

Belmont, MA 02478
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,470 Ft²
$14,242
Est. Monthly

About This Property

HIGHLY DESIRABLE BELMONT LOCATION NEAR TOWN CENTER, HIGH SCHOOL, MIDDLE SCHOOL , BURBANK ELEMENTARY AND CAMBRIDGE LINE! This pristine center entrance colonial features an inviting foyer, a front to back living room with gas fireplace, formal dining room, eat in open concept Chef's kitchen, five bedrooms including a master bedroom with walk in closet and spa like bath. There is also a home office on the main level and a finished playroom in basement with half bath! You'll love the large private yard with hot tub and child play structure. The 2 car garage has an electric charging station. The home has solar panels to keep your electricity bills under control, gas cooking, central air and hardwood floors. LEAD PAINT COMPLIANCE REPORT ON FILE.
Unit Size
3,470 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$720
Property Type
House
Property Taxes
$1,971
HOA Dues
-
Year Built
1920

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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 #73210783)

Price History

Date / Event Date Event Price
Jun 4, 2024 Sold
Premium
Sold
Apr 8, 2024 In contract -
In contract
Apr 4, 2024 Price Decreased $2,499,000
↓ $91K (3.5%)
Price Decreased
Mar 22, 2024 Price Increased $2,590,000
↑ $91K (3.6%)
Price Increased
Mar 11, 2024 Listed by Coldwell Banker Realty - Belmont $2,499,000
Listed by Coldwell Banker Realty - Belmont
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • 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: 10,481
  • Total Building Area: 2,902
  • Building Area: 2,902
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,902
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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:23 P:000031 S:
  • Municipality: BELMONT
  • Latitude: 42.3908
  • Longitude: -71.1663

    Address

  • Full Address: 48 Stone Rd
  • Address - House Number: 48
  • Address - Street Name: Stone
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C023
  • 4-Digit Zip Code: 3521
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,134,500

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 2,317,682
  • High Value: 2,694,526
  • Low Value: 1,940,837

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,899,000
  • Assessed Land Value: $991,000
  • Assessed Improvements Value: $908,000

    Sales

  • Current Sale Recording Date: Oct 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000023
  • Previous Sale Recording Date: Feb 10, 1993
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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:

$1,498,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2693 ft²

Average Home Age

91.1 years

Currently For Sale

12 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

$3,530 /mo

  • 2 Beds
  • 2 Baths
  • 1,322 ft²
20 Watertown St. #2 Bedrooms J, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73210783

Frequently Asked Questions

When was property at 48 Stone Road built and last sold?
The property at 48 Stone Road was built in 1920 and last sold on Jan 1, 1970 for $1,260,000.
How much is this home worth?
The estimated value of the home located at 48 Stone Road is $2,439,518.
What are some comparable homes to 48 Stone Road?
There are currently no comparable homes to 48 Stone Road.
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