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Belmont 02478 Cushing Square
72 Payson Rd
$2,650,000
● House - Off Market

72 Payson Rd

Belmont, MA 02478
bedrooms
6 Beds
bathrooms
6 Baths
square feet
5,477 Ft²
$3,045,825
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

Amazing opportunity! Rare New Construction Single Family Home located in sought after Payson Park Near Cushing Square! This home will have over 5000sq ft of living area. 5+ bedrooms, 5 full baths plus 1 half bath. Still time to for Buyer to customize. Please do not walk the construction site without the Listing Agent! Call list agent for more detail!
Unit Size
5,477 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$493
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1909

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 years ago (MLSPIN #72798982)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
Mar 16, 2021 Listed by Coldwell Banker Realty - Belmont $2,700,000
Listed by Coldwell Banker Realty - Belmont
Nov 26, 2019 Sold
Premium
Sold
Oct 15, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1909
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,802
  • Total Building Area: 4,800
  • Building Area: 4,800
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 4,800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • 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: R

Geography

  • Parcel: BELM M:06 P:000157 S:A
  • Municipality: BELMONT
  • Latitude: 42.3832
  • Longitude: -71.1716

    Address

  • Full Address: 72 Payson Rd
  • Address - House Number: 72
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C011
  • 4-Digit Zip Code: 2718
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,883,100

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,944,048
  • High Value: 3,466,542
  • Low Value: 2,421,555

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,565,000
  • Assessed Land Value: $888,000
  • Assessed Improvements Value: $1,677,000

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 247499
  • Previous Sale Recording Date: Nov 26, 2019
  • Previous Sale Contract Date: Nov 26, 2019
  • Previous Sale Amount: $1,700,000
  • Previous Sale Document Type: 54
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:

$1,400,000

Sale Price/ft²

$603

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2446 ft²

Average Home Age

93.7 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

$3,755 /mo

  • 2 Beds
  • 2 Baths
  • 1,260 ft²
20 Watertown St. #2 Bedrooms F, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72798982

Frequently Asked Questions

When was property at 72 Payson Road built and last sold?
The property at 72 Payson Road was built in 1909 and last sold on Nov 10, 2021 for $2,650,000.
How much is this home worth?
The estimated value of the home located at 72 Payson Road is $2,722,960.
What are some comparable homes to 72 Payson Road?
There are currently no comparable homes to 72 Payson Road.
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