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Melrose 02176 Mount Hood
120 Penney Road
Photo of 120 Penney Road
Sold on Jun 28, 2006

1

Map

$450,000
● House - Off Market

120 Penney Road

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,240 Ft²
$846,158
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

One of a kind post and beam Saltbox Colonial! Open concept home featuring newly refinished hardwood floors, new carpeting in bedrooms, ceiling fans throughout. New windows with transferable lifetime warranty. Generous kitchen with breakfast island, first floor family room with cathedral ceiling and woodburning stove. Huge deck off rear overlooking large, flat backyard abutting conservation land. Second floor has three good sized bedrooms, plenty of closet space. This home shows beautifully!
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$210
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70316123)

Price History

Date / Event Date Event Price
Mar 7, 2011 Sold
Premium
Sold
Aug 28, 2010 Listed $548,800
Listed
Jun 28, 2006 Sold
Premium
Sold
Jan 17, 2006 Listed $469,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,280
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,349
  • Total Building Area: 2,944
  • Gross Building Area: 6,740
  • Building Area: 2,944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,944
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000283
  • 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:0H4 P:000009A
  • Municipality: MELROSE
  • Latitude: 42.4472
  • Longitude: -71.039

    Address

  • Full Address: 120 Penny Rd
  • Address - House Number: 120
  • Address - Street Name: Penny
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 6505
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $990,600

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 1,133,581
  • High Value: 1,317,896
  • Low Value: 949,265

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $997,600
  • Assessed Land Value: $423,500
  • Assessed Improvements Value: $574,100

    Sales

  • Current Sale Recording Date: Mar 07, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000004
  • Previous Sale Recording Date: Jun 28, 2006
  • Previous Sale Amount: $455,000
  • 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 Mount Hood

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2591 ft²

Average Home Age

76.1 years

Currently For Sale

0 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: 5 months ago
Data Source: MLS PIN, MLS# 70316123

Frequently Asked Questions

When was property at 120 Penney Road built and last sold?
The property at 120 Penney Road was built in 1986 and last sold on Jan 1, 1970 for $548,800.
How much is this home worth?
The estimated value of the home located at 120 Penney Road is $556,881.
What are some comparable homes to 120 Penney Road?
There are currently no comparable homes to 120 Penney Road.
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