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Melrose 02176 Melrose East Side
120 Forest St
Photo of 120 Forest St
Sold on Jun 16, 2010

1

Map

$370,000
● House - Off Market

120 Forest St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,502 Ft²
$755,879
RealtyHop Estimate
101.57%
Since Jul 1, 2010
MA-Boston
Primary Model

About This Property

This 4-bed, 2-bath Colonial has many updates, including maple kitchen with granite counter tops, 1st floor bed/guest room and bath with skylights. Walk from the dining room to a screened in porch perfect for outdoor dining. Wood floors throughout and decorative moulding add to this home's charm. 2nd floor has 3 bedrooms, a bathroom, and a walk-up attic. Enjoy a private setting in Melrose, with almost a 1/4 acre of woodlands at the rear of this house. Fenced in back garden with patio for BBQing.
Unit Size
1,502 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$250
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1920

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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: 2 years ago (MLSPIN #71061893)

Price History

Date / Event Date Event Price
Jun 16, 2010 Sold
Premium
Sold
Apr 9, 2010 Listed $375,000
Listed
Feb 11, 2002 Sold
Premium
Sold
Nov 16, 2001 Listed $250,000
Listed

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 598
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,199
  • Total Building Area: 1,502
  • Gross Building Area: 2,916
  • Building Area: 1,502
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,502
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES E DAMON
  • Land Acres: 0000000303
  • 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: 336300

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0E3 P:0000076
  • Municipality: MELROSE
  • Latitude: 42.4453
  • Longitude: -71.0542

    Address

  • Full Address: 120 Forest St
  • Address - House Number: 120
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 5631
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $711,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 788,859
  • High Value: 926,039
  • Low Value: 651,680

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $716,100
  • Assessed Land Value: $427,200
  • Assessed Improvements Value: $288,900

    Sales

  • Current Sale Recording Date: Jun 16, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00097474
  • Previous Sale Recording Date: Feb 11, 2002
  • Previous Sale Amount: $240,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 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 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: 2 years ago
Data Source: MLS PIN, MLS# 71061893

Frequently Asked Questions

When was property at 120 Forest Street built and last sold?
The property at 120 Forest Street was built in 1920 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 120 Forest Street is $0.
What are some comparable homes to 120 Forest Street?
There are currently no comparable homes to 120 Forest Street.
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