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Waltham 02451 Lakeview
71 Indian Rd
$500,000
● House - Off Market

71 Indian Rd

Waltham, MA 02451
bedrooms
2 Beds
bathrooms
1 Bath
square feet
886 Ft²
$508,767
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Perfect condo alternative,  2 Bedroom, 1 bath Bungalow/Cape with enclosed front porch in the desirable Lakeview neighborhood of Waltham. If you're handy and looking for a project that will build equity in a home, this home is for you.  Needs updating and kitchen needs replacement. Home has newer roof, updated windows, heating system and electrical panel. Partially fenced level yard with storage shed. Off street parking and walking distance to Hardy Pond, park, shops, and public transportation!  Easy access to all major routes including Rte. 128, Rte. 2, and Mass Pike.
Unit Size
886 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$564
Property Type
House
Property Taxes
$396
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 #73077311)

Price History

Date / Event Date Event Price
Apr 5, 2023 Sold
Premium
Sold
Mar 8, 2023 In contract -
In contract
Mar 2, 2023 Price Decreased $499,900
↓ $75K (13.1%)
Price Decreased
Feb 16, 2023 Price Increased $575,000
↑ $75K (15%)
Price Increased
Feb 8, 2023 Listed by Results Realty $499,900
Listed by Results Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 685
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,073
  • Total Building Area: 886
  • Gross Building Area: 2,209
  • Building Area: 886
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 886
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Waltham School District
  • School Tax School District: WALTHAM SD
  • Census Tract: 368101

Zoning

  • Zoning: 1

Geography

  • Account Number: 57413
  • Parcel: WALT M:023 B:005 L:0011
  • Block: 5
  • Lot: 11
  • Municipality: WALTHAM
  • Latitude: 42.4042
  • Longitude: -71.2382

    Address

  • Full Address: 71 Indian Rd
  • Address - House Number: 71
  • Address - Street Name: Indian
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Waltham
  • Carrier Code: C078
  • 4-Digit Zip Code: 3294
  • Zip Code: 02451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $483,200

    Appraisal Valuation

  • Standard Deviation: 0.1839
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 561,898
  • High Value: 665,250
  • Low Value: 458,546

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,200
  • Assessed Land Value: $313,500
  • Assessed Improvements Value: $187,700

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 34001
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 Lakeview

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2177 ft²

Average Home Age

51.8 years

Currently For Sale

6 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 237 Moody St., Waltham, MA, 02453

$3,160 /mo

  • 1 Bed
  • 1 Bath
  • 982 ft²
237 Moody St. #1 Bedroom S, Waltham, MA, 02453 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# 73077311

Frequently Asked Questions

When was property at 71 Indian Road built and last sold?
The property at 71 Indian Road was built in 1922 and last sold on Apr 5, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 71 Indian Road is $502,698.
What are some comparable homes to 71 Indian Road?
There are currently no comparable homes to 71 Indian Road.
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