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Melrose 02176 Melrose Highlands
115 Richardson Road
$281,000
● House - Off Market

115 Richardson Road

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$604,502
RealtyHop Estimate
101.57%
Since Jul 1, 2010
MA-Boston
Primary Model

About This Property

Expandable cape cod style home set on 8,000+ square foot lot located in desired Melrose Highlands.  Fireplace in livingroom features mantle with dentil molding.  Eat in kitchen which leads to small deck.  Ceramic tile bath.  Walk up second floor offers many options for future expansion.  Walk out basement.  Trane hot air by gas heat.  Nice back yard. Close to stores and public transportation. Great opportunity.  Call listing office to show.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$390
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1957

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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: 5 months ago (MLSPIN #71041558)

Price History

Date / Event Date Event Price
Jun 4, 2010 Sold
Premium
Sold
Mar 4, 2010 Listed by Brad Hutchinson Real Estate $299,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,076
  • Total Building Area: 1,498
  • Gross Building Area: 2,576
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000185
  • 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: URA

Geography

  • Parcel: MELR M:C13 P:0000123
  • Municipality: MELROSE
  • Latitude: 42.4709
  • Longitude: -71.0673

    Address

  • Full Address: 115 Richardson Rd
  • Address - House Number: 115
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C021
  • 4-Digit Zip Code: 1243
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $666,700

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 749,238
  • High Value: 871,061
  • Low Value: 627,416

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $671,400
  • Assessed Land Value: $393,900
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Recording Date: Jun 04, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00090631
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 Highlands

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2871 ft²

Average Home Age

79.2 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71041558

Frequently Asked Questions

When was property at 115 Richardson Road built and last sold?
The property at 115 Richardson Road was built in 1957 and last sold on Jan 1, 1970 for $281,000.
How much is this home worth?
The estimated value of the home located at 115 Richardson Road is $301,742.
What are some comparable homes to 115 Richardson Road?
There are currently no comparable homes to 115 Richardson Road.
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