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Melrose 02176 Melrose East Side
15 Naples Rd
$480,000
● House - Off Market

15 Naples Rd

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,832 Ft²
$486,326
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

ATTENTION! LOOKING FOR ALL RENOVATORS to MELROSE! This 8-room, 4 bedroom, 2.5 bathroom Colonial is your chance to own in Melrose. The property does has a new 2 year old roof, but needs TLC, as well as upgraded plumbing and electrical. There is a two-car driveway and nice backyard. With your vision, you can create a lovely home in Melrose and take advantage of the lively downtown area with its many shops and restaurants, along with parks, recreational activities, school system as well as close proximity to Oak Grove T-Station, Commuter Rail, Rte 93/128/95 and Boston.  OPEN HOUSE SATURDAY 4/23 AND SUNDAY, 4/24 FROM 11:00AM-1:00 PM.
Unit Size
1,832 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$262
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1903

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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: 4 months ago (MLSPIN #72969380)

Price History

Date / Event Date Event Price
Jun 1, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by J. Barrett & Company $479,900
Listed by J. Barrett & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,186
  • Total Building Area: 1,832
  • Gross Building Area: 2,454
  • Building Area: 1,832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,832
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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: 336300

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0E3 P:0000016
  • Municipality: MELROSE
  • Latitude: 42.4457
  • Longitude: -71.0565

    Address

  • Full Address: 15 Naples Rd
  • Address - House Number: 15
  • Address - Street Name: Naples
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C018
  • 4-Digit Zip Code: 5509
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,200

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 677,013
  • High Value: 798,950
  • Low Value: 555,076

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,900
  • Assessed Land Value: $396,700
  • Assessed Improvements Value: $130,200

    Sales

  • Current Sale Contract Date: May 31, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1915189
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

$453

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2060 ft²

Average Home Age

92.2 years

Currently For Sale

11 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 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: 4 months ago
Data Source: MLS PIN, MLS# 72969380

Frequently Asked Questions

When was property at 15 Naples Road built and last sold?
The property at 15 Naples Road was built in 1903 and last sold on May 31, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 15 Naples Road is $503,445.
What are some comparable homes to 15 Naples Road?
There are currently no comparable homes to 15 Naples Road.
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