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Melrose 02176 Melrose Highlands
144 Walton Park
$489,900
● House - Off Market

144 Walton Park

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
3 Baths
square feet
2,184 Ft²
$849,951
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Unique 2 Family tucked away on a pristine plot in the Highlands with a nice lawn area, a hammock and gardens!! A large, newer deck guides you into the 1st floor owners unit. The living room has lovely pumpkin pine floors, a wood ceiling with fan and oak stairs to a lower level family room/pool room. Also on this level is a galley kitchen with newer oven, dishwasher and fridge, ceramic tile backsplash, a dining room with ceiling fan, a family room with bow windows and an office area, two full baths and a bedroom (with the second floor is a cozy three room, one bedroom apartment with loads of charming nooks and crannies. Separate heating systems (by oil) and hot water system, common laundry area, 2 100 amp CB panels and newer roof shingles - It's just charming!!
Unit Size
2,184 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$224
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1900

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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 #71848964)

Price History

Date / Event Date Event Price
Apr 30, 2021 Sold
Premium
Sold
Mar 16, 2021 Listed by Century 21 Sexton & Donohue $679,000
Listed by Century 21 Sexton & Donohue
Jul 22, 2015 Sold
Premium
Sold
Jun 2, 2015 Listed by Century 21 Sexton & Donohue $489,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,721
  • Total Building Area: 2,246
  • Gross Building Area: 3,514
  • Building Area: 2,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,246
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAYES ENGINEERING INC
  • Land Acres: 0000000200
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:A13 P:0000012
  • Municipality: MELROSE
  • Latitude: 42.4698
  • Longitude: -71.0755

    Address

  • Full Address: 144 Walton Park
  • Address - House Number: 144
  • Address - Street Name: Walton
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Melrose
  • Carrier Code: C008
  • 4-Digit Zip Code: 1646
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $781,700

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 869,294
  • High Value: 1,025,390
  • Low Value: 713,198

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $787,200
  • Assessed Land Value: $435,800
  • Assessed Improvements Value: $351,400

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98582
  • Previous Sale Recording Date: Jul 22, 2015
  • Previous Sale Amount: $489,900
  • 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 Highlands

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2871 ft²

Average Home Age

79.2 years

Currently For Sale

6 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# 71848964

Frequently Asked Questions

When was property at 144 Walton Park built and last sold?
The property at 144 Walton Park was built in 1900 and last sold on Apr 30, 2021 for $756,000.
How much is this home worth?
The estimated value of the home located at 144 Walton Park is $695,444.
What are some comparable homes to 144 Walton Park?
There are currently no comparable homes to 144 Walton Park.
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