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Belmont 02478 Belmont Center
87 Channing Rd
$560,000
● House - Off Market

87 Channing Rd

Belmont, MA 02478
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,471 Ft²
$1,080,138
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

Freshly painted 3br, 2bath Colonial offers fireplaced living room, formal dining room with built-in hutch, eat-in kitchen, enclosed skylit porch, plus a 1st floor master bedroom addition with skylit cathedral ceilings, 4 closets, and direct access to full skylit bath. Refinished hardwood floors. Oversized deck off kitchen overlooks treed yard. One car direct entry garage under plus 2nd paved driveway for additional off-street parking. Updated heat & hot water. Conveniently situated near Belmont Center shops & eateries, Harvard Sq bus line, North Station commuter rail, Winn Brook School, Joey's Park, public pool, tennis courts & many other town amenities.
Unit Size
1,471 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$387
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1941

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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 #71589214)

Price History

Date / Event Date Event Price
Nov 29, 2013 Sold
Premium
Sold
Sep 26, 2013 Listed by Lawndale Realty $569,000
Listed by Lawndale Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,884
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,610
  • Total Building Area: 1,567
  • Gross Building Area: 11,668
  • Building Area: 1,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,567
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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: 357100

Zoning

  • Zoning: R

Geography

  • Parcel: BELM M:35 P:000012 S:
  • Municipality: BELMONT
  • Latitude: 42.3964
  • Longitude: -71.1715

    Address

  • Full Address: 87 Channing Rd
  • Address - House Number: 87
  • Address - Street Name: Channing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C017
  • 4-Digit Zip Code: 3104
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,038,600

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,061,759
  • High Value: 1,229,163
  • Low Value: 894,355

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $924,000
  • Assessed Land Value: $643,000
  • Assessed Improvements Value: $281,000

    Sales

  • Current Sale Recording Date: Nov 29, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000166

    Financing

  • First Mortgage Financing Type: ADJ
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:

$1,599,000

Sale Price/ft²

$680

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2428 ft²

Average Home Age

91.1 years

Currently For Sale

10 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 51 Nyack Avenue, LANSDOWNE, PA, 19050

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
51 Nyack Avenue #6, LANSDOWNE, PA, 19050 Listing by John M Sacks-Wilner

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71589214

Frequently Asked Questions

When was property at 87 Channing Road built and last sold?
The property at 87 Channing Road was built in 1941 and last sold on Jan 1, 1970 for $560,000.
How much is this home worth?
The estimated value of the home located at 87 Channing Road is $604,025.
What are some comparable homes to 87 Channing Road?
There are currently no comparable homes to 87 Channing Road.
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