12
Map
$535,000
●
Condo -
In Contract
1 Melrose St #5
Boston, MA 02116
1 Bed
1 Bath
425 Ft²
$3,329
Est. Monthly
$267
HOA / Fees
5.83%
Cap Rate
About This Property
Charming 1 bedroom! Situated in a well-kept historical brownstone,
this sunny penthouse is beaming with natural light. Recently
renovated kitchen equipped with full size stainless appliances,
granite countertops, custom cabinetry and breakfast bar. Fantastic
open layout with vaulted, loft-like ceilings and hardwood floors
throughout. Bathroom features enclosed glass shower, soaking tub
and in-unit laundry. All within a small, low maintenance 5-unit
association with minimal HOA fees. Located on a quiet tree-lined
street in the heart of Bay Village. A short stroll to the Boston
Common, shopping on Newbury, universities, public transport and
restaurants in South End. It doesn't get any more central than
this! Seller welcomes offers with requests for buyer concessions.
Unit Size
425 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$1,259
Property Type
Condo
Property Taxes
$435
HOA Dues
$267
Year Built
1890
Listed By
Calla Gillies
Gibson Sotheby's International Realty
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (MLSPIN #73330199)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Listed by Gibson Sotheby's International Realty | $535,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| Jul 13, 2011 | Sold | ||
| Sold | |||
| Apr 25, 2011 | Listed by The Charles Realty | $279,900 | |
| Listed by The Charles Realty | |||
   | |||
|
Loft style Penthouse studio which can easily be converted into a
one bedroom! Quotes on hand for conversion. This sunny top floor
unit is in a 100% owner occupied building w/ brand new, charming
common areas. The unit features bamboo floors, white tile bath, and
in-unit W/D. Charming accents include vaulted/beamed ceiling and
white brick. An easy walk to The Boston Public Garden, the T,
Theatre District and Tufts Medical Area. Pet friendly....its just
across the street from a great dog…
| |||
| Aug 17, 2007 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Full Bathrooms: 1
Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Flooring Type: Engineered Hardwood
Laundry Features: In Unit, Washer Hookup
Rooms: 2
Basement: N
Exterior Details
Entry Level: 4
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate, Renovated Since
PropertySubType: Condominium
Building Name: 1 Melrose Street Condominium
Structure Type: Rowhouse, Brownstone
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Area: 0.01
Lot Size Units: Acres
Lot Size Acres: 0.01
Zoning: CD
Parcel Number: W:05 P:00231 S:010, 4758809
Water Source: Public
Financial Details
Tax Assessed Value: $478,600
Tax Annual Amount: $5,217
Utilities Details
Utilities: for Electric Oven, Washer Hookup
Cooling Type: Window Unit(s)
Heating Type: Hot Water
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: $267
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
1 Melrose St #5, 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
427 ft²
$1,153/ft²
$492,500
Sep 19, 2018
$492,500
Dec 12, 2018
$461/mo
Sold
Condo
1
Bed
1
Bath
480 ft²
$1,129/ft²
$542,000
Mar 19, 2020
$542,000
May 1, 2020
$521/mo
Sold
Condo
1
Bed
1
Bath
415 ft²
$1,398/ft²
$580,000
Jul 19, 2024
$580,000
Aug 22, 2024
$385/mo
Sold
Condo
1
Bed
1
Bath
445 ft²
$1,038/ft²
$462,000
Jan 31, 2017
$462,000
Feb 27, 2017
$633/mo
Sold
Condo
1
Bed
1
Bath
530 ft²
$1,019/ft²
$540,000
Mar 13, 2019
$540,000
Aug 21, 2019
$545/mo
Sold
Condo
1
Bed
1
Bath
531 ft²
$1,118/ft²
$593,750
Sep 19, 2018
$593,750
Nov 30, 2018
$534/mo
In Contract
Condo
1
Bed
1
Bath
508 ft²
$1,140/ft²
$579,000
Feb 3, 2025
-
$1,248/mo
In Contract
Condo
1
Bed
1
Bath
460 ft²
$1,193/ft²
$549,000
Jun 12, 2017
-
$587/mo
In Contract
Condo
1
Bed
1
Bath
527 ft²
$1,139/ft²
$599,999
Nov 6, 2024
-
$815/mo
Active
Condo
1
Bed
1
Bath
617 ft²
$922/ft²
$569,000
Feb 25, 2025
-
$772/mo
Active
Condo
1
Bed
1
Bath
473 ft²
$1,226/ft²
$580,000
Jan 13, 2025
-
$762/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/20/2024
|
1 Bed
|
1 Bath
|
625 ft²
|
$769,000
1 Bed
1 Bath
625 ft²
|
$750,000
-2.47%
11/27/2024
|
-
|
Robin Simon
Realty Express - Lakeville
| |
|
09/01/2024
|
1 Bed
|
1 Bath
|
642 ft²
|
$895,000
1 Bed
1 Bath
642 ft²
|
$920,000
+2.79%
10/24/2024
|
-
|
Hans Nagrath
Compass
| |
|
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
