1017 Main St
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2024 | No longer available | - | |
| No longer available | |||
| Jul 14, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 1, 2024 | Price Decreased |
$1,099,999
↓ $25K
(2.2%) | |
| Price Decreased | |||
| Jun 18, 2024 | Listed by LAER Realty Partners | $1,125,000 | |
| Listed by LAER Realty Partners | |||
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Welcome to 1017 Main St, Melrose! This exquisitely GUT renovated Victorian home, seamlessly blends classic charm with modern luxury. Features include a chef's kitchen with stainless steel appliances, quartz countertops, a 7-foot island, and a dual-temp wine cooler. Enjoy the comfort of three-zone HVAC and a solar roof for reduced electricity bills. Each room boasts an attached bathroom, with two primary suites offering en-suite baths. The fully finished basement adds extra living space, while the driveway and garage provide ample parking. Located within walking distance to Whole Foods, downtown Melrose, schools, a lake, parks, and public transport (5-minute walk to Melrose Highlands MBTA, and a bus stop to Oak Grove MBTA across the street), this home offers both convenience and elegance. Don't miss out on this perfect blend of style and location!
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| Feb 2, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017