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Melrose 02176 Melrose East Side
148 Laurel St
$435,600
● House - Off Market

148 Laurel St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,924 Ft²
$875,246
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

Impressively spacious Colonial. Character is plentiful w open foyer, wood flrs,built-ins,lrg windows and fireplaced Living room. 2nd flr has 3 good sized BR's & full bath. Half bath on 1st flr. Back yard w\ patio and 2 car garage.Large yard offers expansion possibilities. Updates include new paint, new windows, new roof, some electrical, many new light fixtures and so much more. The bus to Oak Grove stops on the street and it is steps away from the playground. This home won't last!!
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$223
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1930

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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 #71400252)

Price History

Date / Event Date Event Price
Aug 10, 2012 Sold
Premium
Sold
Jun 21, 2012 Listed by Century 21 Sexton & Donohue $429,900
Listed by Century 21 Sexton & Donohue
Nov 19, 2009 Sold
Premium
Sold
Sep 24, 2009 Listed by Century 21 Sexton & Donohue $419,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 960
  • 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: 1,924
  • Gross Building Area: 3,023
  • Building Area: 1,924
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,924
  • 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:0000127
  • Municipality: MELROSE
  • Latitude: 42.4558
  • Longitude: -71.0512

    Address

  • Full Address: 148 Laurel St
  • Address - House Number: 148
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C015
  • 4-Digit Zip Code: 4122
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $720,700

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 893,773
  • High Value: 1,088,346
  • Low Value: 699,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $725,800
  • Assessed Land Value: $434,800
  • Assessed Improvements Value: $291,000

    Sales

  • Current Sale Recording Date: Aug 10, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000016
  • Previous Sale Recording Date: Nov 19, 2009
  • Previous Sale Amount: $410,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1893 ft²

Average Home Age

91.6 years

Currently For Sale

10 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: 5 months ago
Data Source: MLS PIN, MLS# 71400252

Frequently Asked Questions

When was property at 148 Laurel Street built and last sold?
The property at 148 Laurel Street was built in 1930 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 148 Laurel Street is $458,845.
What are some comparable homes to 148 Laurel Street?
There are currently no comparable homes to 148 Laurel Street.
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