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Newton 02467 Chestnut Hill
500 Beacon St
$1,222,500
● House - Off Market

500 Beacon St

Newton, MA 02467
bedrooms
5 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
4,788 Ft²
$1,909,789
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Sun filled contemporary. Chestnut Hill/Newton Centre.  ABUTTING DEER PARK AND CONSERVATION LAND   -- PRIZED 33,000 Sq Ft Lot!!! Parking for 10 cars easily.  Home Features:  Completely open floor plan, gleaming hardwood floors, 2 fire places, high Ceilings, skylights throughout, eat in kitchen, large deck off back, Island kitchen, central A/C, jacuzzi tub, 2 car garage and much more!   MINUTES TO GREENLINE-(D-line) AND RESERVOIR. Newton Building department has confirmed this is a "New lot", Zoning is SR1, and you can build a 8,672 sq ft home on this lot..  (including 1st, 2nd, garage and partial basement measurement.) LOTS OF POTENTIAL!! THIS IS THE ONE!! Dont miss this!  First Showing at Open House Friday 5-7 pm, Saturday and Sunday- 3-5 pm.
Unit Size
4,788 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$230
Property Type
House
Property Taxes
$1,119
HOA Dues
-
Year Built
1982

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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 #71844902)

Price History

Date / Event Date Event Price
Aug 24, 2015 Sold
Premium
Sold
May 27, 2015 Listed by Red Tree Real Estate $1,100,000
Listed by Red Tree Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 2,314
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,356
  • Total Building Area: 2,488
  • Gross Building Area: 5,390
  • Building Area: 2,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000766
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 373600

Zoning

  • Zoning: SR1

Geography

  • Account Number: 63016 0014
  • District: 207
  • Parcel: NEWT S:63 B:016 L:0014
  • Block: 16
  • Lot: 14
  • Municipality: NEWTON
  • Latitude: 42.3319
  • Longitude: -71.1802

    Address

  • Full Address: 500 Beacon St
  • Address - House Number: 500
  • Address - Street Name: Beacon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Chestnut Hill
  • Carrier Code: C008
  • 4-Digit Zip Code: 1168
  • Zip Code: 02467

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,956,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 2,289,990
  • High Value: 2,655,234
  • Low Value: 1,924,745

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,004,300
  • Assessed Land Value: $1,703,200
  • Assessed Improvements Value: $301,100

    Sales

  • Current Sale Recording Date: Aug 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 142845

    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 Chestnut Hill

Stats & Trends

Median Asking:

$2,300,000

Sale Price/ft²

$729

Below Asking

0.03%

Average Days on Market

78

Average Home Size

4349 ft²

Average Home Age

71.7 years

Currently For Sale

21 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71844902

Frequently Asked Questions

When was property at 500 Beacon Street built and last sold?
The property at 500 Beacon Street was built in 1982 and last sold on Jan 1, 1970 for $1,222,500.
How much is this home worth?
The estimated value of the home located at 500 Beacon Street is $1,121,145.
What are some comparable homes to 500 Beacon Street?
There are currently no comparable homes to 500 Beacon Street.
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