For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Belmont 02478 Belmont Center
8 Colby Street
$735,000
● House - Off Market

8 Colby Street

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,382 Ft²
$1,031,611
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Nestled close to the Cambridge line sits this quintessential cozy Cape-Cod.   Bright & cheery house is in close proximity to the Harvard bus line and Alewife station. Home provides accessibility to Cambridge and Boston while delivering on the perks of suburban living.  The home greets with fireplaced living room and hardwood floors.  Spacious eat-in kitchen with access to back deck and a spacious fenced-in back yard. First floor has formal dining room, one bedroom and full bath.  Second floor has 2 large bedrooms and one half bath.  Do not miss out on this opportunity. 1st private showing appts every 30 minutes. SEE COVID-19 ATTACHED DOCUMENT which must be signed by Buyers & Buyers Agent prior to showing. Please observe all CDC requirements.  Sold in "As Is" condition, roof approximately 15 years.
Unit Size
1,382 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$554
Property Type
House
Property Taxes
$807
HOA Dues
-
Year Built
1957

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 6 months ago (MLSPIN #72671360)

Price History

Date / Event Date Event Price
Jul 23, 2020 Sold
Premium
Sold
Jun 10, 2020 Listed by Coldwell Banker Residential Brokerage - Belmont $765,000
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 1,306
  • Gross Building Area: 2,322
  • Building Area: 1,306
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,306
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: 357200

Zoning

  • Zoning: R

Geography

  • Parcel: BELM M:22 P:000147 S:
  • Municipality: BELMONT
  • Latitude: 42.3921
  • Longitude: -71.1586

    Address

  • Full Address: 8 Colby St
  • Address - House Number: 8
  • Address - Street Name: Colby
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belmont
  • Carrier Code: C018
  • 4-Digit Zip Code: 4010
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $928,400

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,023,175
  • High Value: 1,189,539
  • Low Value: 856,812

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $826,000
  • Assessed Land Value: $718,000
  • Assessed Improvements Value: $108,000

    Sales

  • Current Sale Contract Date: Jul 08, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120526
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 Center

Stats & Trends

Median Asking:

$1,595,000

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2643 ft²

Average Home Age

117 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 20 Watertown St., Watertown, MA, 02472

$3,880 /mo

  • 2 Beds
  • 2 Baths
  • 1,441 ft²
20 Watertown St. #2 Bedrooms O, Watertown, MA, 02472 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72671360

Frequently Asked Questions

When was property at 8 Colby Street built and last sold?
The property at 8 Colby Street was built in 1957 and last sold on Jul 8, 2020 for $735,000.
How much is this home worth?
The estimated value of the home located at 8 Colby Street is $783,933.
What are some comparable homes to 8 Colby Street?
There are currently no comparable homes to 8 Colby Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Belmont Homes for Sale
Belmont Houses for Sale
Belmont Condos for Sale
Belmont Multifamily for Sale
Belmont Land for Sale
Belmont Commercial for Sale
Belmont Homes with Basements
Belmont Homes with Pools
Nearby Cities
Cambridge Homes for Sale
Somerville Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Lexington Homes for Sale
Watertown Town Homes for Sale
Winchester Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Essex County, MA Property Records
Worcester County, MA Property Records
Providence County, RI Property Records
Hillsborough County, NH Property Records
Plymouth County, MA Property Records
Neighborhoods
Coolidge Corner Real Estate
Watertown West End Real Estate
Commonwealth Real Estate
Arlington Heights Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Washington Square Real Estate
West Newton Real Estate
Nearby Counties
Cambridge Homes for Sale
Somerville Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Lexington Homes for Sale
Watertown Town Homes for Sale
Winchester Homes for Sale
Top Real Estate Agents
Top Agents in Belmont Center
Top Agents in Belmont
Top Agents in Cambridge
Top Agents in Cambridge
Top Agents in Somerville
Top Agents in Somerville
Top Agents in 02155
Top Agents in Medford