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Melrose 02176 Wyoming
144 Derby Rd
$705,000
● House - Off Market

144 Derby Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,132 Ft²
$670,249
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 144 Derby Road in Melrose!  Located on a quiet, one-way street, steps from Main Street, West Wyoming Shops & Commuter Rail.   This 3-bedroom home has been lovingly cared for by the same family for nearly 50 years and is looking for its next owner. Some of the notable features include an updated kitchen, fenced back yard, large deck, single car garage, and potential to fully finish the lower level with a home office and entertainment area.  Upgraded electrical, a new heating system, and washer & dryer to boot.  Do not miss this opportunity to get into the Melrose market at an amazing price.  **Showings during open houses only. Thursday & Friday 12-1pm.  Saturday and Sunday 10:30-12pm.**
Unit Size
2,132 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$274
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1947

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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 years ago (MLSPIN #72829396)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
May 11, 2021 Listed by Buyers Brokers Only, LLC $585,000
Listed by Buyers Brokers Only, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 754
  • 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: 1,430
  • Gross Building Area: 2,460
  • Building Area: 1,430
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,430
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:0000113
  • Municipality: MELROSE
  • Latitude: 42.4484
  • Longitude: -71.0694

    Address

  • Full Address: 144 Derby Rd
  • Address - House Number: 144
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5242
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $673,400

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 803,650
  • High Value: 943,264
  • Low Value: 664,035

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $678,100
  • Assessed Land Value: $368,000
  • Assessed Improvements Value: $310,100

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1885479
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:

$699,000

Sale Price/ft²

$498

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1429 ft²

Average Home Age

96.3 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 years ago
Data Source: MLS PIN, MLS# 72829396

Frequently Asked Questions

When was property at 144 Derby Road built and last sold?
The property at 144 Derby Road was built in 1947 and last sold on Jul 2, 2021 for $705,000.
How much is this home worth?
The estimated value of the home located at 144 Derby Road is $0.
What are some comparable homes to 144 Derby Road?
There are currently no comparable homes to 144 Derby Road.
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