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Watertown Town 02472 Watertown West End
56 Olcott St
$537,000
● House - Off Market

56 Olcott St

Watertown, MA 02472
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,644 Ft²
$834,752
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Well maintained 3 Bedroom 1.5 Bath Colonial located on a quiet neighborhood street in West Watertown. Spacious Living Room with Fireplace, Formal Dining Room. Large Eat-in Kitchen. Three second floor bedrooms. Updates include new roof & renovated bath in 2007.  Converted to New Gas Furnace with 3 Zones. . All windows have been replaced. New sod in backyard in the Fall of 2015. Partially finished lower level with separate heat zone perfect for playroom or home office. Plenty off of street parking. Full walkout basement. This home will not last!
Unit Size
1,644 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$304
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #71984336)

Price History

Date / Event Date Event Price
Jun 16, 2016 Sold
Premium
Sold
Apr 7, 2016 Listed by Realty Executives $499,000
Listed by Realty Executives
Mar 1, 2000 Sold
Premium
Sold
Oct 30, 1999 Listed by Realty Executives $274,900
Listed by Realty Executives

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 1,344
  • Gross Building Area: 2,460
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BATES ESTATE
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Watertown School District
  • School Tax School District: WATERTOWN SD
  • Census Tract: 370101

Zoning

  • Zoning: T

Geography

  • Account Number: 33580-07
  • Parcel: WATE M:0607 B:0031 L:0253
  • Block: 31
  • Lot: 253
  • Municipality: WATERTOWN
  • Latitude: 42.3739
  • Longitude: -71.1988

    Address

  • Full Address: 56 Olcott St
  • Address - House Number: 56
  • Address - Street Name: Olcott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Watertown
  • Carrier Code: C027
  • 4-Digit Zip Code: 1792
  • Zip Code: 02472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $917,200

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 821,832
  • High Value: 964,747
  • Low Value: 678,917

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $675,400
  • Assessed Land Value: $460,400
  • Assessed Improvements Value: $215,000

    Sales

  • Current Sale Recording Date: Jun 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96786
  • Previous Sale Recording Date: Mar 01, 2000
  • Previous Sale Amount: $271,250
  • 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 Watertown West End

Stats & Trends

Median Asking:

$849,000

Sale Price/ft²

$518

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1785 ft²

Average Home Age

80.3 years

Currently For Sale

36 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

$3,580 /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: 6 months ago
Data Source: MLS PIN, MLS# 71984336

Frequently Asked Questions

When was property at 56 Olcott Street built and last sold?
The property at 56 Olcott Street was built in 1900 and last sold on Jan 1, 1970 for $536,000.
How much is this home worth?
The estimated value of the home located at 56 Olcott Street is $518,379.
What are some comparable homes to 56 Olcott Street?
There are currently no comparable homes to 56 Olcott Street.
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