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Belmont 02478 Cushing Square
7 Homer Road
$758,400
● House - Off Market

7 Homer Road

Belmont, MA 02478
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,428 Ft²
$1,973,795
RealtyHop Estimate
160.05%
Since May 1, 2001
MA-Boston
Primary Model

About This Property

CLASSIS CE COLONIAL WITH QUALITY WORKMANSHIP & PERIOD DETAIL MUCH CHARM AND CHARACTER VERY SPACIOUS ROOMS.FAMILY ROOM IN THE BASEMENT WITH FIREPLACE. MANY UPDATES & AMENITIES. VERY DESIRABLE LOCATION QUIET SIDE STREET/WALK TO CUSHING S.
Unit Size
2,428 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$313
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1928

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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 #30481049)

Price History

Date / Event Date Event Price
Mar 1, 2002 Sold
Premium
Sold
Nov 9, 2001 Listed $789,000
Listed
Apr 17, 2001 Sold
Premium
Sold
Feb 23, 2001 Listed $759,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,409
  • Total Building Area: 2,441
  • Building Area: 2,441
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,441
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000216
  • 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: SC

Geography

  • Parcel: BELM M:17 P:000072 S:
  • Municipality: BELMONT
  • Latitude: 42.3868
  • Longitude: -71.1755

    Address

  • Full Address: 7 Homer Rd
  • Address - House Number: 7
  • Address - Street Name: Homer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C009
  • 4-Digit Zip Code: 2309
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,698,400

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,764,860
  • High Value: 2,051,818
  • Low Value: 1,477,901

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,511,000
  • Assessed Land Value: $965,000
  • Assessed Improvements Value: $546,000

    Sales

  • Current Sale Recording Date: Mar 01, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1201624
  • Previous Sale Recording Date: Apr 17, 2001
  • Previous Sale Amount: $758,400
  • Previous Sale Document Type: 48
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:

$1,349,000

Sale Price/ft²

$603

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2304 ft²

Average Home Age

98.3 years

Currently For Sale

18 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

$3,310 /mo

  • 1 Bed
  • 1 Bath
  • 845 ft²
20 Watertown St. #1 Bedroom A, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30481049

Frequently Asked Questions

When was property at 7 Homer Road built and last sold?
The property at 7 Homer Road was built in 1928 and last sold on Jan 1, 1970 for $760,000.
How much is this home worth?
The estimated value of the home located at 7 Homer Road is $831,266.
What are some comparable homes to 7 Homer Road?
There are currently no comparable homes to 7 Homer Road.
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