
31 Phillips Cir Waltham — Photo 1 of 37
Recent Drop: $20,000
$975,000
Investment Analysis — 31 Phillips Cir
Waltham, MA 02452
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02452 carries an estimated $4,240/mo in gross rent — about a 3.16% cap rate and $30,838/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,000
Style
Single Family
Built
1976
Move right into this beautifully updated home in a sought-after neighborhood near the Belmont line with views of Boston! You will love the open floor plan, the abundant natural light, newly installed gleaming hardwood floors, freshly painted interior and central air. The main level features a fireplaced living room that flows into the formal dining room and modern eat-in kitchen with skylight. There is also a family room with large windows that opens onto a Azek/Timber Tech deck—perfect for indoor-outdoor living. Three bedrooms with generous closets and spacious bath with dual sinks complete this level. The lower level offers a fourth bedroom with fireplace that could also serve as a den, plus a separate office, and bath with large walk in shower, and full laundry. Direct access to the one-car garage and additional storage in the utility area add everyday convenience. Additional highlights include a private yard framed by mature shrubbery, an irrigation system and a convenient exterior-access storage room.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,000 sq ft principal dwelling). Lot size: 7,275 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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 13
Flooring - Hardwood
Dining Room
Lvl First11 x 11
Flooring - Hardwood
Kitchen
Lvl First11 x 11
Skylight, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid
Office
Lvl Basement12 x 9
Flooring - Engineered Hardwood
Family Room
Lvl Main,First15 x 11
Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider
Master Bedroom
Lvl First15 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl First11 x 9
Bedroom 3
Lvl First10 x 9
Closet, Flooring - Hardwood
Bedroom 4
Lvl Basement16 x 14
Fireplace, Closet, Flooring - Engineered Hardwood
Bathroom 1
Lvl FirstBathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl BasementBathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Handicap Accessible
Property History
$975,000
Was $995,000
Sep 9, 2026
MLS® 73562872
$995,000
Aug 12, 2026
MLS® 73562872
Listing Agent: Lori Orchanian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73562872