53-55 Falmouth St, Belmont MA 02478

Belmont, MA 02478
$1,370,000
Est. $7,292/month
5
Beds
2
Baths
2,590
Sq Ft
$529
Price/Sq Ft
0.11
Acres
1926
Year Built
2 Family - 2 Units Up/Down
Type
14
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73307557

About this home

Attention investors and owner occupants who wants to live in one unit and rent another unit to help with mortgage payments. Great investment opportunity to own corner lot two family house with fantastic commuting location and short distance to Cambridge. The 1st level has two bedrooms, renovated bath, eat-in kitchen, dining room, sunroom, and fire-placed living room with natural woodwork. The 2nd floor unit has the same layout and an additional 3rd floor bedroom. Refinished hardwood floors throughout. Detached two-car garage plus additional 2 off-street parking. Both units were recently converted to gas heat. Multiple recent upgrades. The sale includes the architectural plans for potential 3rd floor expansion. This property offers immediate rental income and fantastic long-term investment opportunity in a sought-after location.

Sale Statistics

Sale Overview
Original List Price: $1,268,000
Final Sale Price: $1,370,000
Difference: +$102,000 (+8.0%)
Performance Metrics
108.0%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $490
Sale $/sq ft: $529
This property sold for $529 per square foot
Sale Summary

This property sold for 8.0% above the original asking price, indicating strong buyer demand.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1926
Bedrooms
5
Full Bathrooms
2
Living Area
2,590 sq ft
Total Rooms
13
Stories
3
Levels
3

Interior Features

Flooring
Hardwood
Heating
Natural Gas
Has Heating
Yes
Cooling
Window Unit(s), Wall Unit(s)
Has Cooling
Yes
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features
Ceiling Fan(s), Pantry, Bathroom With Tub, Living Room, Dining Room, Kitchen, Sunroom
Basement Details
Full, Walk-Out Access, Interior Entry

Exterior & Structure

Foundation
Block
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
5,000 sq ft
Lot Size Area
0.1100
Lot Features
Corner Lot

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
2
Parking Features
Off Street
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$11,796
Tax Year
2024
Tax Assessed Value
$1,117,000
Parcel Number
355872
Zoning
R

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Fireplaces were never used during the seller's ownership. Seller planned to convert the 3rd floor to the 3rd unit, architectural plans attached. The lead paint test was performed for both units, the reports attached to the lead paint disclosure. Check the seller's disclosure for the list of upgrades

Location

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Neighborhood

53-55 Falmouth St, Belmont MA 02478

Belmont, MA 02478

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $983
Homeowners Insurance $200
PMI $0

Property History

Market Insights

7.4%
Price Range
15
Total Days on Market

Property Timeline

Sold
Nov 22, 2024
$1,370,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Oct 30, 2024
$1,268,000
Original listing
Agent: The Paradigm Team Office: Coldwell Banker Realty - Newton

Price & Status History

Date Event Price Change
Oct 30, 2024 New Listing Added $1,268,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$529

Tax History

Year Taxes Assessment
2024 $11,796 $1,117,000

Financial Details

Annual Property Tax
$11,796
Tax Year 2024
Assessed Value
$1,117,000

Listing Information

Listing Agent The Paradigm Team
Listing Office Coldwell Banker Realty - Newton
Agent MLS ID TM355900
Office MLS ID AN6227

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