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Melrose 02176 Horace Mann
120 Boardman Ave
$597,000
● House - Off Market

120 Boardman Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,300 Ft²
$782,002
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

This adorable home is set amongst the trees, in the heart of the very active Horace Mann neighborhood. Three great size bedrooms, beautiful hardwood floors throughout, updated kitchen, first floor laundry, first floor office nook & sunken living room are just few things that makes this home worth seeing. Beautiful stone mantel, high ceilings and walkout to the beautiful private deck perfect for entertaining. Roof 2016, Gutters and downspouts 2016, Insulated 2016, New front steps/landing 2016, & Boiler 2013.  2 car parking & shed. This home is move in condition and is a must see. Showings begin Friday, easy to show.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$446
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
1932

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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 #72666712)

Price History

Date / Event Date Event Price
Jul 20, 2020 Sold
Premium
Sold
Jun 3, 2020 Listed by Compass $579,900
Listed by Compass
Apr 22, 2005 Sold
Premium
Sold
Jan 22, 2005 Listed by Compass $434,900
Listed by Compass
Jun 15, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • 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: 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: 732
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,083
  • Total Building Area: 1,254
  • Gross Building Area: 2,186
  • Building Area: 1,254
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,254
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: URA

Geography

  • Parcel: MELR M:E13 P:0000091
  • Municipality: MELROSE
  • Latitude: 42.4721
  • Longitude: -71.0556

    Address

  • Full Address: 120 Boardman Ave
  • Address - House Number: 120
  • Address - Street Name: Boardman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C004
  • 4-Digit Zip Code: 1428
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $692,200

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 800,050
  • High Value: 939,039
  • Low Value: 661,061

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $697,100
  • Assessed Land Value: $436,500
  • Assessed Improvements Value: $260,600

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 117737
  • Previous Sale Recording Date: Apr 22, 2005
  • Previous Sale Amount: $430,000
  • 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

$473

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3259 ft²

Average Home Age

-

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72666712

Frequently Asked Questions

When was property at 120 Boardman Avenue built and last sold?
The property at 120 Boardman Avenue was built in 1932 and last sold on Jul 17, 2020 for $597,000.
How much is this home worth?
The estimated value of the home located at 120 Boardman Avenue is $583,428.
What are some comparable homes to 120 Boardman Avenue?
There are currently no comparable homes to 120 Boardman Avenue.
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