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Belmont 02478 Belmont Hill
54 Lorimer Rd
$639,000
● House - Off Market

54 Lorimer Rd

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,220 Ft²
$1,215,832
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Spacious 9rm, 4br, 1.5bath Side Entrance Colonial on tree-lined side street in Kendall Gardens features fully applianced eat-in kitchen, fireplaced living room, formal dining room w/corner china cab, 1st flr sun room, 1st flr family room w/access to deck, beautiful hw floors & finished dormered 3rd flr. Short walk to both Beaver Brook Reservation &Rock Meadow conservation land w/victory garden & walking/jogging trails. Situated on level corner lot w/detached garage & plenty of off-street parking
Unit Size
2,220 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$288
Property Type
House
Property Taxes
$653
HOA Dues
-
Year Built
1933

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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 #71527183)

Price History

Date / Event Date Event Price
Jul 24, 2013 Sold
Premium
Sold
May 16, 2013 Listed by Lawndale Realty $639,000
Listed by Lawndale Realty
Feb 25, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 1
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 624
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,744
  • Total Building Area: 2,220
  • Gross Building Area: 3,986
  • Building Area: 2,220
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: 357700

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:61 P:000063 S:
  • Municipality: BELMONT
  • Latitude: 42.3977
  • Longitude: -71.1969

    Address

  • Full Address: 54 Lorimer Rd
  • Address - House Number: 54
  • Address - Street Name: Lorimer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C031
  • 4-Digit Zip Code: 1044
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,452,200

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,305,959
  • High Value: 1,537,734
  • Low Value: 1,074,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,292,000
  • Assessed Land Value: $724,000
  • Assessed Improvements Value: $568,000

    Sales

  • Current Sale Recording Date: Jul 24, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000016
  • Previous Sale Recording Date: Feb 25, 1994
  • Previous Sale Amount: $267,000
  • 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 Belmont Hill

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4351 ft²

Average Home Age

70 years

Currently For Sale

18 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 51 Nyack Avenue, LANSDOWNE, PA, 19050

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
51 Nyack Avenue #6, LANSDOWNE, PA, 19050 Listing by John M Sacks-Wilner

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71527183

Frequently Asked Questions

When was property at 54 Lorimer Road built and last sold?
The property at 54 Lorimer Road was built in 1933 and last sold on Jan 1, 1970 for $639,000.
How much is this home worth?
The estimated value of the home located at 54 Lorimer Road is $680,214.
What are some comparable homes to 54 Lorimer Road?
There are currently no comparable homes to 54 Lorimer Road.
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