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Belmont 02478 Belmont Hill
7 Prospect St
$641,000
● House - Off Market

7 Prospect St

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,680 Ft²
$1,327,047
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Meticulously maintained &updated with careful attention to detail,this Belmont Hill Col. is located close to schools,transportation,shopping and park. Move right into this spacious 8 room, 3 bedrooms,1 full & 2 half bath residence nicely sited on a 6563 sqft lot with a lovely yard and rear deck.Enjoy the large living room with fireplace and adjoining den,updated kitchen with granite counters and large lower level playroom with tile floor.Additional features: updated sys, newer Anderson windows.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$381
Property Type
House
Property Taxes
$693
HOA Dues
-
Year Built
1922

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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 #71352167)

Price History

Date / Event Date Event Price
May 24, 2012 Sold
Premium
Sold
Mar 15, 2012 Listed by Coldwell Banker Residential Brokerage - Belmont $640,000
Listed by Coldwell Banker Residential Brokerage - Belmont
Jul 2, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 500
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,563
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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: 357100

Zoning

  • Zoning: SB

Geography

  • Parcel: BELM M:46 P:000103 S:
  • Municipality: BELMONT
  • Latitude: 42.4034
  • Longitude: -71.1687

    Address

  • Full Address: 7 Prospect St
  • Address - House Number: 7
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belmont
  • Carrier Code: C007
  • 4-Digit Zip Code: 3326
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,402,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,330,941
  • High Value: 1,567,150
  • Low Value: 1,094,733

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,248,000
  • Assessed Land Value: $812,000
  • Assessed Improvements Value: $436,000

    Sales

  • Current Sale Recording Date: May 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000010
  • Previous Sale Recording Date: Jul 02, 1993
  • Previous Sale Amount: $295,000
  • 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 Hill

Stats & Trends

Median Asking:

$1,972,500

Sale Price/ft²

$628

Below Asking

0.03%

Average Days on Market

63

Average Home Size

4670 ft²

Average Home Age

70.2 years

Currently For Sale

15 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 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 months ago
Data Source: MLS PIN, MLS# 71352167

Frequently Asked Questions

When was property at 7 Prospect Street built and last sold?
The property at 7 Prospect Street was built in 1922 and last sold on Jan 1, 1970 for $641,000.
How much is this home worth?
The estimated value of the home located at 7 Prospect Street is $647,001.
What are some comparable homes to 7 Prospect Street?
There are currently no comparable homes to 7 Prospect Street.
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