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Melrose 02176 Melrose East Side
14 Bancroft Road
$579,900
● House - Off Market

14 Bancroft Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,098 Ft²
$826,025
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Exceptional opportunity for a 4-bedroom center entrance colonial in Upham Park, just around the corner from the Bellevue Country Club. Bring your creative ideas and renovate this classic CE colonial into your dream home. This is the address and neighborhood you have been waiting for.  Versatile lot on corner of Sharon and Bancroft Rd. Front to back livingroom.  Four nice sized bedrooms on 2nd floor, including master bedroom with walkin closet and private bath. Oak hardwood floors. New roof; other components are primarily original; property is being sold AS IS. Great location...Great upside value. /// Refer to Firm Remarks: Offers by SEPT 1st TUESDAY 12noon
Unit Size
2,098 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$226
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
1955

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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: 4 months ago (MLSPIN #71894163)

Price History

Date / Event Date Event Price
Dec 30, 2020 Sold
Premium
Sold
Nov 17, 2020 Listed by Keller Williams Realty Boston Northwest $979,000
Listed by Keller Williams Realty Boston Northwest
Sep 30, 2015 Sold
Premium
Sold
Aug 25, 2015 Listed by Keller Williams Realty Boston Northwest $475,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,956
  • Total Building Area: 2,098
  • Gross Building Area: 3,344
  • Building Area: 2,098
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,098
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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: 336202

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:0G9 P:0000077
  • Municipality: MELROSE
  • Latitude: 42.4604
  • Longitude: -71.0452

    Address

  • Full Address: 14 Bancroft Rd
  • Address - House Number: 14
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 3404
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,001,700

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,177,296
  • High Value: 1,383,595
  • Low Value: 970,996

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,008,800
  • Assessed Land Value: $521,500
  • Assessed Improvements Value: $487,300

    Sales

  • Current Sale Contract Date: Dec 23, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 252625
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Amount: $579,000
  • 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:

$949,900

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2223 ft²

Average Home Age

100.7 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71894163

Frequently Asked Questions

When was property at 14 Bancroft Road built and last sold?
The property at 14 Bancroft Road was built in 1955 and last sold on Dec 23, 2020 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 14 Bancroft Road is $1,013,975.
What are some comparable homes to 14 Bancroft Road?
There are currently no comparable homes to 14 Bancroft Road.
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