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Malden 02148 Maplewood
12 Forest St
$685,588
● House - Off Market

12 Forest St

Malden, MA 02148
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,289 Ft²
$594,285
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Come check out this newly renovated Colonial-style home conveniently located on the Malden/Melrose line within walking distance to the Oak Grove T Station, bus stop, and redeveloped downtown Malden. This sun-filled home just received a complete renovation with a new kitchen, Granite countertop, SS appliances, a formal dining room, a living room, and a newly added full bathroom on the 1st floor. The 2nd floor offers three bedrooms with generous-sized closets and a fully remodeled modern bathroom. Brand-new hardwood flooring throughout. A private fenced rear yard with a new deck is great for entertainment and family gatherings. This is a perfect starter home and a great condo alternative. Don't miss the opportunity to make this one of your own!
Unit Size
1,289 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$465
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1880

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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 #73158256)

Price History

Date / Event Date Event Price
Oct 25, 2023 Sold
Premium
Sold
Sep 20, 2023 In contract -
In contract
Sep 12, 2023 Listed by Keller Williams Realty $599,000
Listed by Keller Williams Realty
Jan 18, 2023 Sold
Premium
Sold
Dec 20, 2022 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 695
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,207
  • Total Building Area: 1,153
  • Gross Building Area: 2,217
  • Building Area: 1,153
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,153
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:070 B:865 L:520
  • Block: 865
  • Lot: 520
  • Municipality: MALDEN
  • Latitude: 42.4359
  • Longitude: -71.0673

    Address

  • Full Address: 12 Forest St
  • Address - House Number: 12
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Malden
  • Carrier Code: C043
  • 4-Digit Zip Code: 2724
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $558,400

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 654,779
  • High Value: 805,356
  • Low Value: 504,202

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $477,700
  • Assessed Land Value: $277,500
  • Assessed Improvements Value: $200,200

    Sales

  • Current Sale Contract Date: Oct 25, 2023
  • Current Sale Recording Date: Oct 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121104
  • Previous Sale Recording Date: Jan 18, 2023
  • Previous Sale Contract Date: Jan 16, 2023
  • Previous Sale Amount: $419,000
  • 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 Maplewood

Stats & Trends

Median Asking:

$724,950

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2000 ft²

Average Home Age

94.6 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 73158256

Frequently Asked Questions

When was property at 12 Forest Street built and last sold?
The property at 12 Forest Street was built in 1880 and last sold on Oct 25, 2023 for $685,588.
How much is this home worth?
The estimated value of the home located at 12 Forest Street is $600,168.
What are some comparable homes to 12 Forest Street?
There are currently no comparable homes to 12 Forest Street.
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