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Map
$769,000
●
Condo -
For Sale
1 Melrose Street #2
Boston, MA 02116
1 Bed
1 Bath
625 Sqft
Upcoming Open House
11AM - 1:30PM, Tue, Oct 15 -
Book now
$4,691
Est. Monthly
$345
HOA / Fees
3.88%
Cap Rate
About This Property
Wow, standing proud on the heart of the quintessential Bay Village
conclave neighborhood is this PARLOR level floor through residence
which exudes warmth, charm & character with its high ceilings,
marble mantel fireplace, gleaming h/w floors, crown moldings and
oversized double hung windows. Coupled with the features of
modern living, including the open concept floor plan, modern full
bath with tub/shower, stylish updated kitchen boasting ss
appliances, granite counter-tops w/breakfast bar, ceiling fans,
energy efficient mini-splits for c/a and heating options,
in-unit w&d combo, keyless entry to building and unit,
with fabulous private deeded and gated side entry ideal for bike
storage or dinner Al Fresco dining. New central boiler with
hot water in 2022. WALK SCORE "98", 2 blocks to Commons &
Public Garden, between Back Bay & S. End, and T it is the IDEAL
place to call home. Close to everything Boston has to offer!!
On-street permit parking. 5 Unit Complex with low HOA
fees!!
Unit Size
625Ft²
Days on Market
22 days
Land Size
-
Price per sqft
$1,230
Property Type
Condo
Property Taxes
$570
HOA Dues
$345
Year Built
1890
Listed By
Robin Simon
Realty Express - Lakeville
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Cap Rate Calculator
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Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Last updated: 14 hours ago (MLSPIN #73293089)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2024 | Listed by HomeSmart First Class Realty | $769,000 | |
| Listed by HomeSmart First Class Realty | |||
| Jun 15, 2004 | Sold | $280,000 | |
| Sold | |||
| May 31, 2002 | Sold | $245,000 | |
| Sold | |||
| Apr 2, 2002 | Listed by The Charles Realty | $289,000 | |
| Listed by The Charles Realty | |||
|
|
|||
|
SECOND FLOOR FLOOR-THROUGH DOUBLE PARLOR WITH WONDERFUL DETAIL.
VICTORIAN MOLDINGS, MARBLE FIREPLACE, SPACIOUS BEDROOM. PET
FRIENDLY ASSOCIATION WITH REFURBISHED ROOF, NEW BOILER, AND OTHER
UPDATES. WALK TO PUBLIC GARDEN.
|
|||
| Jan 25, 2002 | Listed by The Charles Realty | $259,000 | |
| Listed by The Charles Realty | |||
|
|
|||
|
BEAUTIFUL FLOOR THROUGH ONE BEDROOM WITH WIDE PINE FLOORS, ORIGINAL
MARBLE FIREPLACE, HIGHCEILINGS WITH PICTURE FRAME MOLDINGS. HUGE
EAT-IN-KITCHEN WITH EXPOSED BRICK. PET FRIENDLY ASSOCIATION.
|
|||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: Main, First
Width: 14.166666
Length: 8
Features: Ceiling Fan(s), Flooring - Hardwood, Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Remodeled, Stainless Steel Appliances, Peninsula, Lighting - Overhead, Crown Molding
Area: 113.333333
Area: 39.743055
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled, Lighting - Overhead
Length: 4.916666
Level: Main, First
Width: 8.083333
Features: Ceiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Recessed Lighting, Lighting - Overhead, Closet - Double
Level: Main, First
Length: 11.25
Width: 11.166666
Area: 125.625
Features: No
Full Bathrooms: 1
Interior Features: Closet, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Lighting - Overhead, Crown Molding, Decorative Molding, Living/Dining Rm Combo
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer, Plumbed For Ice Maker
Flooring Type: Tile, Hardwood, Flooring - Hardwood
Laundry Features: Laundry Closet, Flooring - Wood, Main Level, Washer Hookup, Lighting - Overhead, First Floor, In Unit, Electric Dryer Hookup
Rooms: 2
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 1
Security Features: Security System
Property Condition: Updated/Remodeled
Year Built Source: Public Records
Year Built Details: Actual, Renovated Since
PropertySubType: Condominium
Building Name: 1 Melrose Street Condominium
Structure Type: Brownstone
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 3345208
Water Source: Public
Financial Details
Tax Assessed Value: $628,000
Tax Annual Amount: $6,845
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Icemaker Connection
Cooling Type: Dual, Individual, Unit Control, Ductless
Heating Type: Central, Hot Water, Individual, Unit Control, Ductless, Fireplace(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water
Association Fee Frequency: Monthly
HOA Fee: $345
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
Upcoming Open House
11AM - 1:30PM, Tue, Oct 15 -
Book now
1 Melrose Street #2, Boston, MA, 02116
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
1
Bed
1
Bath
660 ft²
$1,000/ft²
$660,000
Feb 28, 2019
$660,000
May 21, 2019
$582/mo
Sold
Condo
1
Bed
1
Bath
600 ft²
$1,013/ft²
$607,500
Apr 26, 2023
$607,500
Jun 20, 2023
$851/mo
Sold
Condo
1
Bed
2
Baths
1,035 ft²
$773/ft²
$800,000
Aug 25, 2015
$800,000
Oct 30, 2015
$849/mo
Sold
Condo
1
Bed
1
Bath
450 ft²
$1,467/ft²
$660,000
Apr 11, 2024
$660,000
Sep 19, 2024
$644/mo
Condo
1
Bed
1
Bath
690 ft²
$1,022/ft²
$705,000
Sep 20, 2022
$705,000
Dec 9, 2022
$854/mo
Sold
Condo
1
Bed
2
Baths
1,148 ft²
$636/ft²
$730,000
Oct 6, 2014
$730,000
Mar 9, 2015
$907/mo
Active
Condo
1
Bed
2
Baths
774 ft²
$1,156/ft²
$895,000
Sep 19, 2024
-
$1,160/mo
In Contract
Condo
1
Bed
1
Bath
665 ft²
$1,126/ft²
$749,000
Mar 18, 2024
-
$1,451/mo
Active
Condo
1
Bed
1
Bath
589 ft²
$1,511/ft²
$889,800
Sep 6, 2024
-
$1,485/mo
Active
Condo
1
Bed
1
Bath
583 ft²
$1,405/ft²
$819,000
Jul 16, 2024
-
$584/mo
Active
Condo
1
Bed
1
Bath
570 ft²
$1,509/ft²
$860,000
Jul 16, 2024
-
$645/mo
Active
Condo
1
Bed
1
Bath
563 ft²
$1,350/ft²
$759,900
Jun 18, 2024
-
$1,119/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
10/07/2020
|
|
Studio
|
1 Bath
|
480 ft²
|
$549,000
Studio
1 Bath
480 ft²
|
-
-
|
-
|
Danny Wang
Engel & Volkers Boston
|
|
03/19/2020
|
1 Bed
|
1 Bath
|
480 ft²
|
$549,888
1 Bed
1 Bath
480 ft²
|
$542,000
-1.43%
05/01/2020
|
-
|
Robin Simon
Realty Express - Lakeville
|
|
|
11/01/2017
|
Studio
|
1 Bath
|
480 ft²
|
$475,000
Studio
1 Bath
480 ft²
|
$462,000
-2.74%
01/16/2018
|
-
|
Page Innis
Gibson Sotheby's International Realty
|
|
|
12/30/2015
|
Studio
|
1 Bath
|
480 ft²
|
$429,000
Studio
1 Bath
480 ft²
|
$407,500
-5.01%
03/25/2016
|
-
|
Heather Carbone
eRealty Advisors, Inc.
|
|
|
10/11/2011
|
1 Bed
|
1 Bath
|
480 ft²
|
$249,000
1 Bed
1 Bath
480 ft²
|
$240,000
-3.61%
11/06/2011
|
-
|
Betsy Herald
The Charles Realty
|
|
|
04/25/2011
|
1 Bed
|
1 Bath
|
425 ft²
|
$279,900
1 Bed
1 Bath
425 ft²
|
$270,000
-3.54%
07/13/2011
|
-
|
Betsy Herald
The Charles Realty
|
|
|
05/16/2007
|
1 Bed
|
1 Bath
|
480 ft²
|
$249,900
1 Bed
1 Bath
480 ft²
|
$244,000
-2.36%
06/28/2007
|
-
|
Tamara Krause
Prudential Prime Properties
|
|
|
04/10/2007
|
Studio
|
1 Bath
|
425 ft²
|
$279,900
Studio
1 Bath
425 ft²
|
$270,000
-3.54%
08/17/2007
|
-
|
Stephen Chase
Keller Williams Realty Boston-Metro | Back Bay
|
|
|
06/07/2005
|
Studio
|
1 Bath
|
425 ft²
|
$259,000
Studio
1 Bath
425 ft²
|
$250,000
-3.47%
07/15/2005
|
-
|
Stephen Chase
Keller Williams Realty Boston-Metro | Back Bay
|
|
|
01/25/2002
|
1 Bed
|
1 Bath
|
625 ft²
|
$259,000
1 Bed
1 Bath
625 ft²
|
$245,000
-5.41%
05/31/2002
|
-
|
Betsy Herald
The Charles Realty
|
|
|
01/25/2002
|
1 Bed
|
1 Bath
|
454 ft²
|
$279,000
1 Bed
1 Bath
454 ft²
|
$250,000
-10.39%
05/01/2002
|
-
|
Betsy Herald
The Charles Realty
|
|
|
01/25/2002
|
Studio
|
1 Bath
|
422 ft²
|
$169,000
Studio
1 Bath
422 ft²
|
$165,000
-2.37%
05/22/2002
|
-
|
Betsy Herald
The Charles Realty
|
Building Info
About Bay Village
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