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Melrose 02176 Wyoming
14 Prospect St
$550,500
● House - Off Market

14 Prospect St

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,248 Ft²
$1,036,977
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Spacious TEN ROOM Colonial with THREE and a HALF BATHS and yes, one of the baths is in the MASTER BEDROOM which also features double closets! There is plenty of room for family and friends in this home with THREE FINISHED LEVELS, TWO DRIVEWAYS and professionally landscaped grounds. Fenced in yard with deck. Located in a desirable Cedar Park neighborhood & within walking distance to the commuter rail, bus, schools, parks and the Fells Reservation. Room for extended family in LL w/private access.
Unit Size
3,248 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$168
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1989

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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: 5 months ago (MLSPIN #71532986)

Price History

Date / Event Date Event Price
Jul 26, 2013 Sold
Premium
Sold
May 29, 2013 Listed by Century 21 Sexton & Donohue $545,000
Listed by Century 21 Sexton & Donohue
Apr 19, 1996 Sold
Premium
Sold
May 3, 1995 Listed by Century 21 Sexton & Donohue $269,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,675
  • Total Building Area: 3,248
  • Gross Building Area: 3,648
  • Building Area: 3,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000176
  • 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: 336402

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0A8 P:0000031
  • Municipality: MELROSE
  • Latitude: 42.4581
  • Longitude: -71.0767

    Address

  • Full Address: 14 Prospect St
  • Address - House Number: 14
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C014
  • 4-Digit Zip Code: 3012
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $908,100

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 1,062,733
  • High Value: 1,226,395
  • Low Value: 899,071

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $914,500
  • Assessed Land Value: $449,000
  • Assessed Improvements Value: $465,500

    Sales

  • Current Sale Recording Date: Jul 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Apr 19, 1996
  • Previous Sale Amount: $259,000
  • 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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1477 ft²

Average Home Age

85.6 years

Currently For Sale

7 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71532986

Frequently Asked Questions

When was property at 14 Prospect Street built and last sold?
The property at 14 Prospect Street was built in 1989 and last sold on Jan 1, 1970 for $550,500.
How much is this home worth?
The estimated value of the home located at 14 Prospect Street is $551,229.
What are some comparable homes to 14 Prospect Street?
There are currently no comparable homes to 14 Prospect Street.
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