For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Malden 02148 Oak Grove
11 Payne Ter
Photo of 11 Payne Ter
Sold on Apr 27, 2007

1

Map

$450,000
● House - Off Market

11 Payne Ter

Malden, MA 02148
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,326 Ft²
$840,824
RealtyHop Estimate
87.27%
Since May 1, 2007
MA-Boston
Primary Model

About This Property

Located in the Oak Grove section on the West Side, ONLY 2 BLOCKS TO THE T on a quiet dead end street. 3rd floor elegant master suite with balcony, window seat, and private bath with 2 person spa tub. Impressive foyer with staircase and french doors leading to living room with lovely fluted column details. BRAND NEW ROOF. Updated electrial, plumbing and heating system. Brand new decorative stone wall with paver walkway and family friendly landscaped backyard with tri-level stone paver patio.
Unit Size
2,326 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$193
Property Type
House
Property Taxes
$228
HOA Dues
-
Year Built
1900

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit 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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #70513472)

Price History

Date / Event Date Event Price
Apr 27, 2007 Sold
Premium
Sold
Jan 19, 2007 Listed $449,000
Listed
Oct 27, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 901
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,360
  • Total Building Area: 2,057
  • Gross Building Area: 3,285
  • Building Area: 2,057
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,057
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341101

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:007 B:068 L:809
  • Block: 68
  • Lot: 809
  • Municipality: MALDEN
  • Latitude: 42.437
  • Longitude: -71.0734

    Address

  • Full Address: 11 Payne Ter
  • Address - House Number: 11
  • Address - Street Name: Payne
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Malden
  • Carrier Code: C022
  • 4-Digit Zip Code: 1323
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $899,500

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 896,709
  • High Value: 1,052,690
  • Low Value: 740,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $769,500
  • Assessed Land Value: $280,900
  • Assessed Improvements Value: $488,600

    Sales

  • Current Sale Recording Date: Apr 27, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00077029
  • Previous Sale Recording Date: Oct 27, 1995
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 27
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 Oak Grove

Stats & Trends

Median Asking:

$799,450

Sale Price/ft²

$519

Below Asking

0.01%

Average Days on Market

54

Average Home Size

3075 ft²

Average Home Age

82.8 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70513472

Frequently Asked Questions

When was property at 11 Payne Terrace built and last sold?
The property at 11 Payne Terrace was built in 1900 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 11 Payne Terrace is $476,081.
What are some comparable homes to 11 Payne Terrace?
There are currently no comparable homes to 11 Payne Terrace.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Malden Homes for Sale
Malden Houses for Sale
Malden Condos for Sale
Malden Multifamily for Sale
Malden Land for Sale
Malden Commercial for Sale
Malden Homes with Basements
Malden Homes with Pools
Nearby Cities
Lynn Homes for Sale
Somerville Homes for Sale
Medford Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Everett Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Essex County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Worcester County, MA Property Records
Hillsborough County, NH Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Glendale Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
East Arlington Real Estate
Neighborhood Nine Real Estate
Glenwood Real Estate
Nearby Counties
Lynn Homes for Sale
Somerville Homes for Sale
Medford Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Saugus Homes for Sale
Winchester Homes for Sale
Everett Homes for Sale
Top Real Estate Agents
Top Agents in Oak Grove
Top Agents in Malden
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Somerville
Top Agents in Somerville
Top Agents in 02155
Top Agents in Medford