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Belmont 02478 Cushing Square
7 Gorham Road
$905,000
● House - Off Market

7 Gorham Road

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,608 Ft²
$1,622,612
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Turnkey property in fantastic residential location extensively and tastefully renovated in 2010-2011. This residence boasts a beautifully appointed kitchen with ss appliances, antique white cabinetry, recessed lighting, granite countertops, and breakfast bar opening onto a family room with vaulted ceiling, skylight, and sliding doors to the backyard. Great flow for entertaining. All you need to do is move-in. See attached list for all the wonderful updates in this home.
Unit Size
2,608 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$320
Property Type
House
Property Taxes
$806
HOA Dues
-
Year Built
1925

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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 #71490847)

Price History

Date / Event Date Event Price
May 22, 2013 Sold
Premium
Sold
Mar 7, 2013 Listed by Hammond Residential Real Estate $835,000
Listed by Hammond Residential Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,380
  • Total Building Area: 1,928
  • Building Area: 1,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,928
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 357500

Zoning

  • Zoning: SC

Geography

  • Parcel: BELM M:12 P:000021 S:
  • Municipality: BELMONT
  • Latitude: 42.3825
  • Longitude: -71.177

    Address

  • Full Address: 7 Gorham Rd
  • Address - House Number: 7
  • Address - Street Name: Gorham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C010
  • 4-Digit Zip Code: 2247
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,560,100

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,618,552
  • High Value: 1,905,803
  • Low Value: 1,331,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,388,000
  • Assessed Land Value: $829,000
  • Assessed Improvements Value: $559,000

    Sales

  • Current Sale Recording Date: May 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 108437
  • Previous Sale Recording Date: May 22, 2013
  • Previous Sale Amount: $905,000
  • Previous Sale Document Type: O
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:

$1,300,000

Sale Price/ft²

$601

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2151 ft²

Average Home Age

95.8 years

Currently For Sale

21 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

$3,530 /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: 4 months ago
Data Source: MLS PIN, MLS# 71490847

Frequently Asked Questions

When was property at 7 Gorham Road built and last sold?
The property at 7 Gorham Road was built in 1925 and last sold on Jan 1, 1970 for $905,000.
How much is this home worth?
The estimated value of the home located at 7 Gorham Road is $891,256.
What are some comparable homes to 7 Gorham Road?
There are currently no comparable homes to 7 Gorham Road.
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