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Belmont 02478 Belmont Hill
89 Snake Hill Rd
$1,800,000
● House - Off Market

89 Snake Hill Rd

Belmont, MA 02478
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
840 Ft²
$1,540,074
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Once in a lifetime opportunity to own an iconic piece of property in Belmont. Lovingly cared for by the same family for many years, this single family offers a wonderful opportunity for a developer, investor, or an owner-occupant ready to roll up their sleeves to make this space their own. Located at the end of Snake Hill Road and at the top of the hill, the Wissman House is one of five houses designed by Carl Koch as part of the Snake Hill Development in 1940. It sits on the top of hill on a cul de sac with Suburban feels right in the city. You do not want to miss this opportunity to own almost an acre of land with Great sky line views.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$1,780
Property Type
House
Property Taxes
$1,731
HOA Dues
-
Year Built
1940

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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 #73075135)

Price History

Date / Event Date Event Price
Mar 10, 2023 Sold
Premium
Sold
Feb 10, 2023 In contract -
In contract
Feb 1, 2023 Listed by Keller Williams Realty Boston Northwest $1,495,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 600
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,335
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000926
  • 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: 357700

Zoning

  • Zoning: SA

Geography

  • Parcel: BELM M:58 P:000006 S:
  • Municipality: BELMONT
  • Latitude: 42.394
  • Longitude: -71.1828

    Address

  • Full Address: 89 Snake Hill Rd
  • Address - House Number: 89
  • Address - Street Name: Snake Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Belmont
  • Carrier Code: C031
  • 4-Digit Zip Code: 1505
  • Zip Code: 02478

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,207,500

    Appraisal Valuation

  • Standard Deviation: 0.16
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 2,095,028
  • High Value: 2,430,432
  • Low Value: 1,759,624

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,964,000
  • Assessed Land Value: $1,735,000
  • Assessed Improvements Value: $229,000

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23960
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 Hill

Stats & Trends

Median Asking:

$1,950,000

Sale Price/ft²

$626

Below Asking

0.03%

Average Days on Market

64

Average Home Size

4351 ft²

Average Home Age

70 years

Currently For Sale

18 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

$2,985 /mo

  • Studio
  • 1 Bath
  • 698 ft²
20 Watertown St. #Studio A, 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# 73075135

Frequently Asked Questions

When was property at 89 Snake Hill Road built and last sold?
The property at 89 Snake Hill Road was built in 1940 and last sold on Mar 9, 2023 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 89 Snake Hill Road is $1,537,158.
What are some comparable homes to 89 Snake Hill Road?
There are currently no comparable homes to 89 Snake Hill Road.
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