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Belmont 02478 Belmont Center
8 Oak St
$760,000
● House - Off Market

8 Oak St

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,554 Ft²
$1,260,208
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Charming 7-room, 3-bedroom,1.5-bath home located in sought after Burbank Neighborhood.  Homes features newly renovated eat-in kitchen, living room, lovely dining room and new half bath on first level. Additional living space on 3rd level could serve as a family room or 4th bedroom.  Hardwood floors and newer windows throughout.  Includes updated electrical, walkout basement, and mudroom. Enjoy this wonderful home set on a tree-lined street with spacious farmers porch and lovely private yard. Convenient to Belmont Center, Post Office, Library, Commuter Rail Station, restaurants, shops, playgrounds/parks and much more.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$482
Property Type
House
Property Taxes
$826
HOA Dues
-
Year Built
1899

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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: 5 months ago (MLSPIN #71974272)

Price History

Date / Event Date Event Price
May 31, 2016 Sold
Premium
Sold
Mar 17, 2016 Listed by C. Brendan Noonan & Co. $749,000
Listed by C. Brendan Noonan & Co.
Mar 16, 2005 Sold
Premium
Sold
Jul 8, 2004 Sold
Premium
Sold
Apr 22, 2004 Listed by C. Brendan Noonan & Co. $564,900
Listed by C. Brendan Noonan & Co.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 4,468
  • Total Building Area: 1,554
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,554
  • 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: SC

Geography

  • Parcel: BELM M:23 P:000106 S:
  • Municipality: BELMONT
  • Latitude: 42.3932
  • Longitude: -71.1678

    Address

  • Full Address: 8 Oak St
  • Address - House Number: 8
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Belmont
  • Carrier Code: C023
  • 4-Digit Zip Code: 3007
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,197,100

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,226,019
  • High Value: 1,503,957
  • Low Value: 948,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,065,000
  • Assessed Land Value: $801,000
  • Assessed Improvements Value: $264,000

    Sales

  • Current Sale Recording Date: May 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85802
  • Previous Sale Recording Date: Mar 16, 2005
  • Previous Sale Amount: $582,000
  • 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 Center

Stats & Trends

Median Asking:

$1,595,000

Sale Price/ft²

$679

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2604 ft²

Average Home Age

90.7 years

Currently For Sale

9 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

$3,580 /mo

  • 2 Beds
  • 2 Baths
  • 1,322 ft²
20 Watertown St. #2 Bedrooms J, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71974272

Frequently Asked Questions

When was property at 8 Oak Street built and last sold?
The property at 8 Oak Street was built in 1899 and last sold on Jan 1, 1970 for $760,000.
How much is this home worth?
The estimated value of the home located at 8 Oak Street is $770,725.
What are some comparable homes to 8 Oak Street?
There are currently no comparable homes to 8 Oak Street.
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