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Melrose 02176 Melrose East Side
11 Spear Street
$630,000
● House - Off Market

11 Spear Street

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$891,842
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Welcome to this renovated home located on a corner lot. Open foyer welcomes you to the family room or 1st floor bedroom with full bath perfect for in-law option. Upstairs your main living includes open living room, dining and Kitchen with quartz counter tops, stainless steel appliances. Modern dual fireplace presents a focal point for the living room and kitchen. Bright windows on the upper level allows the views of Boston to be seen from your main living area. Recessed lighting throughout. Three additional bedrooms, and full bath complete this floor. One attached car garage, and two driveways. Brand New roof, new Anderson windows, central air for the upcoming summer days. New retaining wall, with professional landscaping. Easy commute to Boston and Oak Grove is about a mile away.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$379
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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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: 6 months ago (MLSPIN #72480271)

Price History

Date / Event Date Event Price
Jun 24, 2021 Sold
Premium
Sold
May 5, 2021 Listed by Waterfield Sotheby's International Realty $644,900
Listed by Waterfield Sotheby's International Realty
Jun 12, 2019 Sold
Premium
Sold
Apr 10, 2019 Listed by Waterfield Sotheby's International Realty $625,000
Listed by Waterfield Sotheby's International Realty
Sep 13, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 784
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,434
  • Total Building Area: 1,463
  • Gross Building Area: 1,763
  • Building Area: 1,463
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 1,463
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • 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: 336300

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0E4 P:0000107
  • Municipality: MELROSE
  • Latitude: 42.4462
  • Longitude: -71.0532

    Address

  • Full Address: 11 Spear St
  • Address - House Number: 11
  • Address - Street Name: Spear
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 5615
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $688,300

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 810,717
  • High Value: 951,559
  • Low Value: 669,875

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,200
  • Assessed Land Value: $389,000
  • Assessed Improvements Value: $304,200

    Sales

  • Current Sale Contract Date: Jun 24, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1884266
  • Previous Sale Recording Date: Jun 12, 2019
  • Previous Sale Contract Date: Jun 12, 2019
  • Previous Sale Amount: $630,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 years

Currently For Sale

6 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# 72480271

Frequently Asked Questions

When was property at 11 Spear Street built and last sold?
The property at 11 Spear Street was built in 1961 and last sold on Jun 24, 2021 for $761,000.
How much is this home worth?
The estimated value of the home located at 11 Spear Street is $653,806.
What are some comparable homes to 11 Spear Street?
There are currently no comparable homes to 11 Spear Street.
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