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Melrose 02176 Melrose East Side
124 Forest
$442,000
● House - Off Market

124 Forest

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$789,304
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

New Listing. Beautifully renovated property. Convenient location to all Melrose has to offer. House has been completely redone.  Large master bedroom with double closet and 10ft  ceiling located on first floor  with full bathroom. Kitchen has granite counters, stainless appliances and gas stove .Two spacious bedrooms, full bathroom and linen closet    completes second level. Heat and hot water by gas.  Great front porch for sitting outside and meeting neighbors. Additional structure on the property has great possibilities. Artist loft ,music studio etc.  This house needs to be seen to be fully appreciated. Do not miss this opportunity !
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$335
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1900

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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 #71685476)

Price History

Date / Event Date Event Price
Nov 5, 2020 Sold
Premium
Sold
Sep 16, 2020 Listed by Century 21 Sexton & Donohue $639,000
Listed by Century 21 Sexton & Donohue
Aug 1, 2014 Sold
Premium
Sold
May 22, 2014 Listed by Century 21 Sexton & Donohue $434,900
Listed by Century 21 Sexton & Donohue
Jan 8, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 833
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,736
  • Total Building Area: 1,148
  • Gross Building Area: 2,096
  • Building Area: 1,148
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,148
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • 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:0000075
  • Municipality: MELROSE
  • Latitude: 42.4454
  • Longitude: -71.0543

    Address

  • Full Address: 124 Forest St
  • Address - House Number: 124
  • 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: $725,100

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 777,563
  • High Value: 912,646
  • Low Value: 642,481

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $730,200
  • Assessed Land Value: $403,400
  • Assessed Improvements Value: $326,800

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Nov 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 206726
  • Previous Sale Recording Date: Aug 01, 2014
  • Previous Sale Amount: $442,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1893 ft²

Average Home Age

91.6 years

Currently For Sale

10 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# 71685476

Frequently Asked Questions

When was property at 124 Forest Street built and last sold?
The property at 124 Forest Street was built in 1900 and last sold on Oct 13, 2020 for $640,000.
How much is this home worth?
The estimated value of the home located at 124 Forest Street is $644,423.
What are some comparable homes to 124 Forest Street?
There are currently no comparable homes to 124 Forest Street.
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