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Melrose 02176 Horace Mann
1053 Main St
$545,000
● House - Off Market

1053 Main St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,039 Ft²
$759,362
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Attention Contractors and Residential Buyers: Meet your future dream home. Fantastic Melrose opportunity with a great location on corner of Main St and Lovell Rd. Front and rear staircase, three stories - all heated. Plenty of space to re-configure plus large back yard with driveway off quiet Lovell Road. Envision 4-5 sparkling new light filled bedrooms, brand new spa like bathrooms, possibly a 2 car garage and a professionally landscaped yard. This could be all that and more with the right investment. As it stands, this Victorian home has a 25 year old roof, 25 year old windows and recently upgraded heating system that was changed to gas. Take along your contractor and/or designer and turn this into a showcase home that everyone will want. Great Main Street visibility will sell this future flip. MLS # 72623318
Unit Size
2,039 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$270
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #72623318)

Price History

Date / Event Date Event Price
Nov 13, 2020 Sold
Premium
Sold
Sep 4, 2020 Listed by Brad Hutchinson Real Estate $949,000
Listed by Brad Hutchinson Real Estate
May 29, 2020 Sold
Premium
Sold
Feb 24, 2020 Listed by Brad Hutchinson Real Estate $549,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 851
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,523
  • Total Building Area: 2,039
  • Gross Building Area: 3,551
  • Building Area: 2,039
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,039
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336201

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:D13 P:0000108
  • Municipality: MELROSE
  • Latitude: 42.4705
  • Longitude: -71.061

    Address

  • Full Address: 1053 Main St
  • Address - House Number: 1053
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C035
  • 4-Digit Zip Code: 1338
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,024,100

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,158,822
  • High Value: 1,361,884
  • Low Value: 955,760

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,031,300
  • Assessed Land Value: $382,300
  • Assessed Improvements Value: $649,000

    Sales

  • Current Sale Contract Date: Nov 07, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 212760
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: May 08, 2020
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Horace Mann

Stats & Trends

Median Asking:

$899,450

Sale Price/ft²

$473

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1915 ft²

Average Home Age

64 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72623318

Frequently Asked Questions

When was property at 1053 Main Street built and last sold?
The property at 1053 Main Street was built in 1910 and last sold on Nov 7, 2020 for $975,000.
How much is this home worth?
The estimated value of the home located at 1053 Main Street is $962,126.
What are some comparable homes to 1053 Main Street?
There are currently no comparable homes to 1053 Main Street.
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