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Melrose 02176 Horace Mann
12 Cranmore Ln
$907,747
● House - Off Market

12 Cranmore Ln

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,492 Ft²
$1,258,827
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

You'll love this charming, 2-story house nestled in the desirable Horace Mann neighborhood. This gracious home offers generous space for today's living without losing that cozy atmosphere when it's time to cuddle up by the fireplace with a good book. Wake up each morning to awe-inspiring sunrises in the East and fall asleep in a beautiful master bedroom fit for any king or queen. An addition custom built by James Construction, with hardwood floors throughout the house, an inspiring kitchen with updated cabinets and granite countertops, to lots of natural lighting enhanced by an open concept and bay windows.  Situated in a friendly community with an award-winning school system, just twenty minutes from downtown Boston. A finished basement media room completes this gorgeously decorated and meticulously cared for home.
Unit Size
2,492 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$341
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1940

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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 months ago (MLSPIN #72305836)

Price History

Date / Event Date Event Price
Jun 4, 2018 Sold
Premium
Sold
Apr 9, 2018 Listed by RE/MAX Leading Edge $849,900
Listed by RE/MAX Leading Edge
Dec 30, 1996 Sold
Premium
Sold
Sep 3, 1996 Listed by RE/MAX Leading Edge $214,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,048
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,225
  • Total Building Area: 2,702
  • Gross Building Area: 3,408
  • Building Area: 2,702
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,702
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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: SRB

Geography

  • Parcel: MELR M:E13 P:0000108
  • Municipality: MELROSE
  • Latitude: 42.4717
  • Longitude: -71.0539

    Address

  • Full Address: 12 Cranmore Ln
  • Address - House Number: 12
  • Address - Street Name: Cranmore
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Melrose
  • Carrier Code: C004
  • 4-Digit Zip Code: 1507
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,135,700

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,251,013
  • High Value: 1,470,230
  • Low Value: 1,031,796

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,143,700
  • Assessed Land Value: $506,300
  • Assessed Improvements Value: $637,400

    Sales

  • Current Sale Recording Date: Jun 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79228
  • Previous Sale Recording Date: Dec 30, 1996
  • Previous Sale Amount: $200,000
  • 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 Horace Mann

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$477

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2945 ft²

Average Home Age

-

Currently For Sale

7 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: 4 months ago
Data Source: MLS PIN, MLS# 72305836

Frequently Asked Questions

When was property at 12 Cranmore Lane built and last sold?
The property at 12 Cranmore Lane was built in 1940 and last sold on Jan 1, 1970 for $907,747.
How much is this home worth?
The estimated value of the home located at 12 Cranmore Lane is $871,183.
What are some comparable homes to 12 Cranmore Lane?
There are currently no comparable homes to 12 Cranmore Lane.
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