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Arlington 02474 Arlington Center
8 Palmer Street
Photo of 8 Palmer Street
Sold on Sep 14, 2004

1

Map

$485,000
● House - Off Market

8 Palmer Street

Arlington, MA 02474
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,477 Ft²
$910,745
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

Elegant urban hideaway offers an oasis just steps from shops, restaurants, bike path, & pond.  The interior will amaze you with light, space and condition.  Ingenious color palette warms the interior.  Detached garage could be a wonderful studio.
Unit Size
1,477 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$335
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1912

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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 #70051588)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Nov 18, 2020 Listed $887,000
Listed
Sep 13, 2004 Sold
Premium
Sold
Jun 16, 2004 Listed $494,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 761
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,812
  • Total Building Area: 1,689
  • Gross Building Area: 2,745
  • Building Area: 1,689
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,689
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000088
  • 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: 356701

Zoning

  • Zoning: R2

Geography

  • Account Number: 22362
  • Parcel: ARLI M:032.0 B:0002 L:0016.A
  • Block: 2
  • Lot: 16.A
  • Municipality: ARLINGTON
  • Latitude: 42.4127
  • Longitude: -71.1484

    Address

  • Full Address: 8 Palmer St
  • Address - House Number: 8
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Arlington
  • Carrier Code: C042
  • 4-Digit Zip Code: 6816
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,032,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1574
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 1,144,667
  • High Value: 1,324,889
  • Low Value: 964,445

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $974,700
  • Assessed Land Value: $529,000
  • Assessed Improvements Value: $445,700

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10995
  • Previous Sale Recording Date: Sep 13, 2004
  • Previous Sale Amount: $485,000
  • 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 Center

Stats & Trends

Median Asking:

$1,247,500

Sale Price/ft²

$596

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2149 ft²

Average Home Age

87.8 years

Currently For Sale

27 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 205 Walden St, Cambridge, MA, 02140

$2,631 /mo

  • Studio
  • 1 Bath
  • 539 ft²
205 Walden St #The Copley, Cambridge, MA, 02140 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: 5 months ago
Data Source: MLS PIN, MLS# 70051588

Frequently Asked Questions

When was property at 8 Palmer Street built and last sold?
The property at 8 Palmer Street was built in 1912 and last sold on Jan 7, 2021 for $910,000.
How much is this home worth?
The estimated value of the home located at 8 Palmer Street is $883,916.
What are some comparable homes to 8 Palmer Street?
There are currently no comparable homes to 8 Palmer Street.
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