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Melrose 02176 Oak Grove - Pine Banks
122 Derby Rd
$420,000
● House - Off Market

122 Derby Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$790,589
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

Picture perfect tastefully renovated classic colonial. New kitchen and two new baths. Dining room with built-in china cabinets with sliders leading to a spacious deck. Finished lower level with laundry and full bath, Lower level family room is a great place to nest or watch the game. Second floor includes 3 bedrooms or 2 bedrooms and a walk in closet. Close proximity to both Oak Grove and the commuter rail. Showings begin Thursday, Feb 21.
Unit Size
1,421 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$281
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1940

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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 #71483229)

Price History

Date / Event Date Event Price
Apr 5, 2013 Sold
Premium
Sold
Feb 15, 2013 Listed by Waterfield Sotheby's International Realty $399,900
Listed by Waterfield Sotheby's International Realty
Sep 27, 2002 Sold
Premium
Sold
May 18, 2002 Listed by Leading Edge Real Estate $304,900
Listed by Leading Edge Real Estate
PICTURE PERFECT COLONIAL WITH HW FLRS, FP LR, FORMAL DR WITH CHINA CAB. AND UPDATED BLACK AND WHITE KIT. LEVEL FENCED YARD, ONE CAR DETACH GAR. IMPECCABLY KEPT, SOLD HOUSE IN NEW LINCOLN SCHOOL DIST. WALK TO OAK GROVE, TRAIN, AND DOWNTOWN.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 610
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,051
  • Total Building Area: 1,726
  • Gross Building Area: 2,204
  • Building Area: 1,726
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,726
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 7633B
  • Land Acres: 0000000093
  • 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: 336403

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0B4 P:0000107
  • Municipality: MELROSE
  • Latitude: 42.4476
  • Longitude: -71.0695

    Address

  • Full Address: 122 Derby Rd
  • Address - House Number: 122
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5241
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,100

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 816,846
  • High Value: 958,753
  • Low Value: 674,939

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $674,800
  • Assessed Land Value: $368,000
  • Assessed Improvements Value: $306,800

    Sales

  • Current Sale Recording Date: Apr 05, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1636553
  • Previous Sale Recording Date: Apr 05, 2013
  • Previous Sale Amount: $420,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1966 ft²

Average Home Age

58.9 years

Currently For Sale

9 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
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# 71483229

Frequently Asked Questions

When was property at 122 Derby Road built and last sold?
The property at 122 Derby Road was built in 1940 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 122 Derby Road is $420,674.
What are some comparable homes to 122 Derby Road?
There are currently no comparable homes to 122 Derby Road.
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