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Arlington 02474 Arlington Heights
78 Madison Ave
$405,000
● House - Off Market

78 Madison Ave

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,557 Ft²
$783,833
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

A Gardener's Delight! Unique home with 8,500 s.f. lot, unusual open floor plan, eat in kitchen, built in bookcases, window seat with storage, dining room with lots of built in cabinets, 2 baths (2nd flr bath with soaking tub), screened porch, 2nd floor deck, side deck, updated heating, great yard.  Near Arlington Heights, shopping, buses to Alewife,  Reservoir, Bike Path, McLennan Park
Unit Size
1,557 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$247
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1920

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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 months ago (MLSPIN #71397799)

Price History

Date / Event Date Event Price
Aug 3, 2012 Sold
Premium
Sold
Jun 15, 2012 Listed by RE/MAX Leading Edge $385,000
Listed by RE/MAX Leading Edge
Oct 20, 1995 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,499
  • Total Building Area: 1,557
  • Gross Building Area: 2,718
  • Building Area: 1,557
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,557
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356500

Zoning

  • Zoning: R1

Geography

  • Account Number: 53961
  • Parcel: ARLI M:085.0 B:0006 L:0005
  • Block: 6
  • Lot: 5
  • Municipality: ARLINGTON
  • Latitude: 42.4297
  • Longitude: -71.1833

    Address

  • Full Address: 78 Madison Ave
  • Address - House Number: 78
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Arlington
  • Carrier Code: C022
  • 4-Digit Zip Code: 2510
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $889,700

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 938,356
  • High Value: 1,102,888
  • Low Value: 773,823

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $840,100
  • Assessed Land Value: $519,800
  • Assessed Improvements Value: $320,300

    Sales

  • Current Sale Recording Date: Aug 03, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000016
  • Previous Sale Recording Date: Oct 20, 1995
  • Previous Sale Amount: $194,000
  • 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 Arlington Heights

Stats & Trends

Median Asking:

$1,085,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3413 ft²

Average Home Age

51.8 years

Currently For Sale

23 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71397799

Frequently Asked Questions

When was property at 78 Madison Avenue built and last sold?
The property at 78 Madison Avenue was built in 1920 and last sold on Jan 1, 1970 for $405,000.
How much is this home worth?
The estimated value of the home located at 78 Madison Avenue is $418,447.
What are some comparable homes to 78 Madison Avenue?
There are currently no comparable homes to 78 Madison Avenue.
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