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Belmont 02478 Belmont Hill
56 Lantern Rd
$1,250,000
● House - Off Market

56 Lantern Rd

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,800 Ft²
$1,845,758
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Beautifully updated Split ranch in highly desirable Hillcrest area of Belmont Hill. Expansive main floor features a wood burning fireplaced living room, a huge dining room with cozy window seat and French doors to wood deck, a modern kitchen, a den/office/guest room, a master bedroom with on-suite bath, two bedrooms, and a family bath.  Top level has a large au-pair bedroom, walk-in closet and full bath. Lower level offers a large family room, half bath with laundry, a den/office/media room, sliders to the back yard and direct access to a heated two car garage. Entertainment-sized patio overlooks in-ground gunite pool and professionally landscaped yard. Easy access to RT2, Cambridge/Boston, and Alewife 84 bus line.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$463
Property Type
House
Property Taxes
$1,199
HOA Dues
-
Year Built
1958

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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 #72476648)

Price History

Date / Event Date Event Price
Jul 8, 2019 Sold
Premium
Sold
Apr 4, 2019 Listed by Century 21 Adams Lawndale $1,295,000
Listed by Century 21 Adams Lawndale

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 700
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,400
  • Total Building Area: 1,961
  • Gross Building Area: 3,750
  • Building Area: 1,961
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,961
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000445
  • 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: 357800

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:74 P:000042 S:
  • Municipality: BELMONT
  • Latitude: 42.4133
  • Longitude: -71.1926

    Address

  • Full Address: 56 Lantern Rd
  • Address - House Number: 56
  • Address - Street Name: Lantern
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C002
  • 4-Digit Zip Code: 1707
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,484,800

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,583,116
  • High Value: 1,864,079
  • Low Value: 1,302,153

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,321,000
  • Assessed Land Value: $1,034,000
  • Assessed Improvements Value: $287,000

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1817348
  • Previous Sale Recording Date: Feb 16, 2016
  • 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

4385 ft²

Average Home Age

73.7 years

Currently For Sale

17 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: 4 months ago
Data Source: MLS PIN, MLS# 72476648

Frequently Asked Questions

When was property at 56 Lantern Road built and last sold?
The property at 56 Lantern Road was built in 1958 and last sold on Jul 8, 2019 for $1,250,000.
How much is this home worth?
The estimated value of the home located at 56 Lantern Road is $1,324,763.
What are some comparable homes to 56 Lantern Road?
There are currently no comparable homes to 56 Lantern Road.
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