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Belmont 02478 Belmont Center
56 Stone Road
$840,000
● House - Off Market

56 Stone Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,768 Ft²
$1,713,468
RealtyHop Estimate
101.82%
Since Nov 1, 2003
MA-Boston
Primary Model

About This Property

PICTURESQUE BRICK & STUCCO SUNSPLASHED CE COLONIAL LOCATED ON SOUGHT AFTER STONE ROAD IN THE "STONE ESTATES".  THIS WONDERFUL PROPERTY OFFERS MANY QUALITY UPDATES, 2 THERMADOR CONVECTION WALL OVENS & 5-BURNER RANGE & A HUGE PRIVATE LOT!
Unit Size
1,768 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$480
Property Type
House
Property Taxes
$590
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 years ago (MLSPIN #30753817)

Price History

Date / Event Date Event Price
Oct 31, 2003 Sold
Premium
Sold
Aug 6, 2003 Listed by WEICHERT, REALTORS® - Channing Real Estate $849,000
Listed by WEICHERT, REALTORS® - Channing Real Estate
Jul 30, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,372
  • Total Building Area: 1,966
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • 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:000032 S:
  • Municipality: BELMONT
  • Latitude: 42.3906
  • Longitude: -71.1662

    Address

  • Full Address: 56 Stone Rd
  • Address - House Number: 56
  • 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: $1,714,100

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,829,224
  • High Value: 2,117,632
  • Low Value: 1,540,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,525,000
  • Assessed Land Value: $989,000
  • Assessed Improvements Value: $536,000

    Sales

  • Current Sale Recording Date: Oct 31, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1034
  • Previous Sale Recording Date: Jul 30, 1996
  • Previous Sale Amount: $375,000
  • 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 Center

Stats & Trends

Median Asking:

$1,599,000

Sale Price/ft²

$680

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2428 ft²

Average Home Age

91.1 years

Currently For Sale

10 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

$3,465 /mo

  • 2 Beds
  • 2 Baths
  • 1,319 ft²
20 Watertown St. #2 Bedrooms I, Watertown, MA, 02472 Listing by Equity Residential
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 years ago
Data Source: MLS PIN, MLS# 30753817

Frequently Asked Questions

When was property at 56 Stone Road built and last sold?
The property at 56 Stone Road was built in 1920 and last sold on Jan 1, 1970 for $840,000.
How much is this home worth?
The estimated value of the home located at 56 Stone Road is $0.
What are some comparable homes to 56 Stone Road?
There are currently no comparable homes to 56 Stone Road.
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