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Melrose 02176
1114 Main St
$295,000
● House - Off Market

1114 Main St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
99,999 Ft²
$609,104
RealtyHop Estimate
103.10%
Since Oct 1, 2003
MA-Boston
Primary Model

About This Property

OLDER 7 ROOM, 4 BDRM VIC, W/ PLENTY OF ROOM. 2 FULL BATHS. WITH THE RIGHT TOUCHES THIS HOME COULD BE BEAUTIFUL. CENTRAL VACUUM. SOME TLC NEEDED.
Unit Size
99,999 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$3
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1900

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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: 4 years ago (MLSPIN #30716914)

Price History

Date / Event Date Event Price
Oct 12, 2021 Sold
Premium
Sold
May 13, 2021 Listed by Century 21 Sexton & Donohue $599,900
Listed by Century 21 Sexton & Donohue
Oct 1, 2003 Sold
Premium
Sold
May 2, 2003 Listed by Century 21 Sexton & Donohue $299,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 730
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,866
  • Total Building Area: 1,740
  • Gross Building Area: 3,084
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • 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: 336100

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:D14 P:0000012
  • Municipality: MELROSE
  • Latitude: 42.4726
  • Longitude: -71.0615

    Address

  • Full Address: 1114 Main St
  • Address - House Number: 1114
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C022
  • 4-Digit Zip Code: 1350
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,800

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 728,209
  • High Value: 858,241
  • Low Value: 598,177

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $639,300
  • Assessed Land Value: $352,800
  • Assessed Improvements Value: $286,500

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 224279
  • Previous Sale Recording Date: Oct 01, 2003
  • Previous Sale Amount: $295,900
  • 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 Melrose

Stats & Trends

Median Asking:

$859,900

Sale Price/ft²

$467

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1932 ft²

Average Home Age

97.1 years

Currently For Sale

59 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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30716914

Frequently Asked Questions

When was property at 1114 Main Street built and last sold?
The property at 1114 Main Street was built in 1900 and last sold on Oct 12, 2021 for $580,000.
How much is this home worth?
The estimated value of the home located at 1114 Main Street is $595,582.
What are some comparable homes to 1114 Main Street?
There are currently no comparable homes to 1114 Main Street.
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