Active

2 Days on market

38 Raleigh Rd Belmont — Photo 1 of 11

$839,500

38 Raleigh Rd, Belmont, MA 02478

Belmont, MA 02478

Investor Analysis

Beds

Baths

1.5

SqFt

1,370

Style

Single Family

Built

1920

Well located historical home in need of updating. This Craftsman Bungalow is being sold "As Is". On the plus side it sits on a corner lot with 2 car garage. The home is surrounded by well kept homes in significantly higher price points. Short walk to vibrant Cushing Square. The convenience is tough to beat. See Historical Narrative attachment.

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$613/sqft

Local Avg (Belmont)$667/sqft

8% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Belmont, MA.

Financials

Original Price$839,500

Annual Taxes$12,905

Parking

Garage2

Off-Street4

Interior Specifications

Total Rooms7

Fireplaces1

FlooringTile, Hardwood, Flooring - Hardwood

BasementFull

Climate & Utilities

HeatingHot Water, Steam, Natural Gas

CoolingNone

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

RoofShingle

FoundationConcrete Perimeter

ZoningR

Property & Lot

Acres0.12

SqFt Lot5,400

Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • T-Station

Geography

Floorplan Breakdown

Structural Layout

Third

Bedroom 3

Second

Primary BedroomBedroom 2Bathroom 2

First

Living RoomDining RoomKitchenBathroom 1

Living Room

Lvl First

26 x 16

Flooring - Hardwood

Dining Room

Lvl First

15 x 15

Flooring - Hardwood

Kitchen

Lvl First

14 x 11

Flooring - Hardwood

Primary Bedroom

Lvl Second

11 x 11

Flooring - Hardwood, Recessed Lighting

Bedroom 2

Lvl Second

11 x 11

Bedroom 3

Lvl Third

11 x 9

Flooring - Hardwood

Bathroom 1

Lvl First

Bathroom - Half

Bathroom 2

Lvl Second

Bathroom - Tiled With Tub & Shower

Population

27,175

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$183K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

35.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 685 sq ft (the lesser of 900 sq ft or half the 1,370 sq ft principal dwelling). Lot size: 5,400 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Belmont, MA market report ZIP 02478 market data

Listing Provided By

Listing Agent: Jim Mcgue

Listing Office: GRANITE GROUP REALTORS®

MLS® Number: 73582707