NOT LISTED FOR SALE

700 Belmont St Unit 702 Watertown, MA 02472

West Watertown Neighborhood

Estimated Value: $1,107,706 - $1,153,000

5 Beds
3 Baths
2,750 Sq Ft
$415/Sq Ft Est. Value

Last Sold March 21, 2016

Last sale price $630,000 $229 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $7,132/month

7 Days on Market

About This Home

As of March 2016

Convert to condos or enjoy a rental income source! Spacious and sunny 2-family in the desirable Watertown location. High ceilings, hardwood floors, updated windows. Unit 1 has been rented to a long term tenant for over 5 years with lease expiring 4-30-2016. Unit 2 was renovated in 2013 with new kitchen, bathroom, paint job, refinished hardwood floors etc. Unit 2 consists of second and third floor. Currently just second floor with 2 BRs is rented through 5-31-2016. Third floor space was finished in 2009 and has 1BR and 1 full bath. Unit 1 and 2 have unheated porches off the back bedrooms - great for an office or closet extension. Easy access to public transportation and local amenities. Convenient location for grad students and young professionals commuting to Cambridge, Boston etc. Sold "as is". Group Showings on February 2nd, Tuesday, at 1-1.45pm and 6-6.45pm

Last Agent to Sell the Property

Karine Demurchyan

Real Broker MA, LLC Listed on: 01/31/2016

Real Broker MA, LLC

Last Buyer's Agent

Maureen Mulrooney

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,035

Year Built

1910

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Golf Course
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood
  • Basement: Full

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame, Stone/Concrete
  • Exterior: Stucco
  • Exterior Features: Porch
  • Foundation: Concrete Block, Fieldstone

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 3

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas, Tankless
  • Utility Connections: for Electric Range, for Electric Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: Two-Fam

Multi Family

  • Foundation: 25x45
  • Heat Units: 2
  • Total Bedrooms: 5
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 12
  • Total Rent_1: 3180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2017
Sold by
Grant Michael F
Bought by
Grant Michael F and Grant Mary E
Current Estimated Value
$1,140,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,805
Outstanding Balance
$498,717
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$641,460

Purchase Details

Closed on
Jul 22, 2011
Sold by
Chalumyan Narine
Bought by
Chalumyan Narine and Chalumyan Diana

Purchase Details

Closed on
Jun 18, 1996
Sold by
Bourke Paul D and Bourke Pamela M
Bought by
Mceachern Joseph K
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grant Michael F -- --
Grant Michael F -- --
Grant Michael F -- --
Chalumyan Narine -- --
Chalumyan Narine -- --
Chalumyan Narine -- --
Mceachern Joseph K $223,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Michael F $94,486
Open Grant Michael F $600,805
Closed Grant Michael F $600,805
Previous Owner Grant Michael F $608,973
Previous Owner Chalumyan Narine $90,825
Previous Owner Bourke Paul D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2016 03/21/16 Sold $630,000 -3.1% $229 / Sq Ft
02/07/2016 02/07/16 Pending -- -- --
02/06/2016 02/06/16 For Sale $649,900 0.0% $236 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
01/31/2016 01/31/16 For Sale $649,900 0.0% $236 / Sq Ft
05/17/2015 05/17/15 Rented $1,700 0.0% --
05/17/2015 05/17/15 For Rent $1,700 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,035 $944,800 $444,200 $500,600
2024 $9,993 $854,100 $444,700 $409,400
2023 $11,441 $842,500 $437,500 $405,000
2022 $10,637 $802,800 $394,500 $408,300
2021 $9,320 $760,800 $365,800 $395,000
2020 $9,143 $753,100 $365,800 $387,300
2019 $8,546 $663,500 $347,900 $315,600
2018 $8,152 $605,200 $319,200 $286,000
2017 $8,256 $594,400 $308,400 $286,000
2016 $7,866 $575,000 $295,900 $279,100
2015 $7,211 $479,800 $269,000 $210,800
2014 $6,802 $454,700 $243,900 $210,800
Source: Public Records

Agents Affiliated with this Home

  • Karine Demurchyan

    Seller's Agent in 2016

    Karine Demurchyan

    Real Broker MA, LLC

    (617) 549-5503

    1 in this area

    25 Total Sales

    Karine Demurchyan
    Section Image
  • Maureen Mulrooney

    Buyer's Agent in 2016

    Maureen Mulrooney

    RE/MAX

    (617) 943-5311

    5 in this area

    53 Total Sales

    Maureen Mulrooney
    Section Image
  • Mandy Harwood

    Buyer's Agent in 2015

    Mandy Harwood

    Real Broker MA, LLC

    (617) 620-8223

    3 Total Sales

    Mandy Harwood
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71954068

MLS Property Information Network (MLS PIN)

APN: WATE-000417-000011-000222A

Massachusetts Middlesex County Watertown 02472 West Watertown

700 Belmont St Unit 702, Watertown, MA

This home is located at 700 Belmont St Unit 702, Watertown, MA 02472 since 31 January 2016 and is currently estimated at $1,140,177, approximately $414 per square foot. This property was built in 1910. 700 Belmont St Unit 702 is a home located in Middlesex County with nearby schools including The Kendall School and Beacon High School.

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