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Belmont 02478 Cushing Square
63 Oak Avenue
$1,290,000
● House - Off Market

63 Oak Avenue

Belmont, MA 02478
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,648 Ft²
$2,268,637
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

This splendid example of turn-of-the-century Colonial Revival architecture majestically rests in the heart of what was the Cushing-Payson Estate. Wonderfully maintained to highlight the significance of the home's exterior, this property's interior has been updated to meet the needs of today's demanding residents. Featuring updated electrical and high efficiency gas heating systems, 4 zoned A/C,  remodeled kitchen with new high end appliances, and baths , delicate details, and screened porch leading to a spacious deck, this home sits on a tree lined street convenient for commuters both in-bound and out-bound.  Close to amenities to match anyone's tastes, this home boasts a superior Walkscore of 72 (walkscore.com) and is one bus route away from Harvard Square.
Unit Size
2,648 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$472
Property Type
House
Property Taxes
$1,022
HOA Dues
-
Year Built
1906

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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 #71714854)

Price History

Date / Event Date Event Price
Dec 4, 2020 Sold
Premium
Sold
Oct 14, 2020 Listed by Coldwell Banker Residential Brokerage - Belmont $1,695,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Aug 29, 2014 Sold
Premium
Sold
Jul 16, 2014 Listed by Coldwell Banker Residential Brokerage - Belmont $1,250,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Jun 15, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,394
  • Total Building Area: 2,704
  • Building Area: 2,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,704
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 357400

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:05 P:000061 S:
  • Municipality: BELMONT
  • Latitude: 42.3813
  • Longitude: -71.1714

    Address

  • Full Address: 63 Oak Ave
  • Address - House Number: 63
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Belmont
  • Carrier Code: C006
  • 4-Digit Zip Code: 2713
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,959,100

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,143,285
  • High Value: 2,523,663
  • Low Value: 1,762,906

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,743,000
  • Assessed Land Value: $830,000
  • Assessed Improvements Value: $913,000

    Sales

  • Current Sale Contract Date: Nov 30, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 230248
  • Previous Sale Recording Date: Aug 29, 2014
  • Previous Sale Amount: $1,290,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Cushing Square

Stats & Trends

Median Asking:

$1,387,000

Sale Price/ft²

$601

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2449 ft²

Average Home Age

93.9 years

Currently For Sale

16 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

$2,870 /mo

  • Studio
  • 1 Bath
  • 698 ft²
20 Watertown St. #Studio A, 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# 71714854

Frequently Asked Questions

When was property at 63 Oak Avenue built and last sold?
The property at 63 Oak Avenue was built in 1906 and last sold on Nov 30, 2020 for $1,620,000.
How much is this home worth?
The estimated value of the home located at 63 Oak Avenue is $1,695,749.
What are some comparable homes to 63 Oak Avenue?
There are currently no comparable homes to 63 Oak Avenue.
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