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Melrose 02176 Melrose East Side
145 Laurel Street
$615,000
● House - Off Market

145 Laurel Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$836,692
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Welcome to Melrose!! The most desirable Town North of Boston. This home is located on the East side on a quiet tree lined side street with access to Mt Hood Golf Course and the Commons Playground. This home consists of 7 rooms, 3 bedrooms, and 2 full baths. Off the 1st floor bedroom is a huge foyer area. Formal Living room and Den. Large eat-in kitchen with separate dining area that leads out to an enclosed porch overlooking a beautiful well manicured rear yard with lots of perennials, shrubs, trees and cement patio. The 2nd floor has 2 bedrooms with either a nursery or walk-in closet & full bath. One car detached garage with EE and driveway for 4 cars. Home has many updates. Newer roof (stripped 2011), great closet space. A must see!!!
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$448
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1870

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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 #72703458)

Price History

Date / Event Date Event Price
Sep 29, 2020 Sold
Premium
Sold
Aug 4, 2020 Listed by Century 21 Sexton & Donohue $639,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • 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: 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: 852
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,512
  • Total Building Area: 1,428
  • Gross Building Area: 2,736
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • 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: URA

Geography

  • Parcel: MELR M:0F7 P:0000093
  • Municipality: MELROSE
  • Latitude: 42.4555
  • Longitude: -71.0512

    Address

  • Full Address: 145 Laurel St
  • Address - House Number: 145
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C015
  • 4-Digit Zip Code: 4121
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $682,500

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 751,812
  • High Value: 915,481
  • Low Value: 588,144

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,300
  • Assessed Land Value: $434,800
  • Assessed Improvements Value: $252,500

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 173993
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:

$934,950

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1976 ft²

Average Home Age

93.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72703458

Frequently Asked Questions

When was property at 145 Laurel Street built and last sold?
The property at 145 Laurel Street was built in 1870 and last sold on Aug 31, 2020 for $615,000.
How much is this home worth?
The estimated value of the home located at 145 Laurel Street is $648,978.
What are some comparable homes to 145 Laurel Street?
There are currently no comparable homes to 145 Laurel Street.
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