551 School St
Belmont, MA 02478
3 bd 2 ba 2,182 sqft Built 1923 condos
Most recent sale
$867,500
Nov 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 30, 2021 | Sold | $867,500 | MLS #72907879 |
| Oct 13, 2021 | Listed | $799,000 | MLS #72907879 |
| Apr 12, 2019 | Sold | $750,000 | MLS #72455268 |
| Mar 20, 2019 | Relisted | $725,000 | MLS #72455268 |
| Mar 5, 2019 | Relisted | $725,000 | MLS #72455268 |
| Feb 20, 2019 | Listed | $725,000 | MLS #72455268 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $896,000 | — | $896,000 | $10,205 |
| 2024 | $870,000 | — | $870,000 | $9,187 |
| 2023 | $800,000 | — | $800,000 | $8,992 |
| 2022 | $711,000 | — | $711,000 | $8,219 |
| 2021 | $696,000 | — | $696,000 | $8,032 |
| 2020 | $685,000 | — | $685,000 | $7,535 |
Property facts
Year built
1923
Property type
condos
Stories
—
Beds
3
Baths
2
Living area
2,182 sqft
Lot size
—
ZIP code
02478
City
Belmont
Street
School St
Coordinates
42.37858, -71.16371
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,328
Gross rental yield
8.75%
Implied cap rate
5.69%
Trend-extrapolated value
—
Frequently asked questions
When did 551 School St last sell?
551 School St most recently sold on Nov 30, 2021 for $867,500.
What is the current tax assessment for 551 School St?
The most recent total assessment for 551 School St (year 2025) is $896,000 with $10,205 in property tax.
How does 551 School St's assessment compare to its last sale price?
The current assessment is 3.3% above the last sale price of $867,500.
When was 551 School St built?
551 School St was built in 1923.
How does 551 School St compare to others on School St?
We track 8 other properties on School St. Browse the list under "Other properties on School St" to compare beds, baths, and sale history.
What are the property facts for 551 School St?
551 School St is a 3 bed, 2 bath, 2,182 sqft condos.
Is 551 School St a flip candidate?
No — 551 School St does not appear in our flips dataset.
Is 551 School St a tax-appeal candidate?
No — 551 School St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.9%
Implied 1-yr
-11.6%
2026 Q2
$1.2M
2026 Q3
$1.16M
ZIP 02478 — Median Price History + Forecast
Explore nearby
Geography
Other properties on School St