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Melrose 02176 Melrose Highlands
15 Stevens Rd
$700,000
● House - Off Market

15 Stevens Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,959 Ft²
$959,925
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Beautiful Colonial in Melrose Highlands.  This wonderful home has great original character as well as many updates including a renovated kitchen, updated baths and expansive outdoor decks.  The living, dining, and kitchen are all centered around an inviting brick fireplace.  This very well maintained home is complete with central A/C, single car garage, finished basement, and walk-up attic for extra storage.  First open houses are Saturday, Nov 17th from 12:00-1:30 pm and Sunday, Nov 18th from 12:00-1:30 pm.
Unit Size
1,959 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$327
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1918

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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 #72423948)

Price History

Date / Event Date Event Price
Jan 11, 2019 Sold
Premium
Sold
Nov 14, 2018 Listed by Gibson Sotheby's International Realty $640,000
Listed by Gibson Sotheby's International Realty
Oct 9, 2013 Sold
Premium
Sold
Aug 21, 2013 Listed by Gibson Sotheby's International Realty $459,900
Listed by Gibson Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,628
  • Total Building Area: 1,959
  • Gross Building Area: 3,369
  • Building Area: 1,959
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,959
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MELROSE
  • Land Acres: 0000000129
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:A10 P:0000087
  • Municipality: MELROSE
  • Latitude: 42.464
  • Longitude: -71.0755

    Address

  • Full Address: 15 Stevens Rd
  • Address - House Number: 15
  • Address - Street Name: Stevens
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C020
  • 4-Digit Zip Code: 2113
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $785,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 912,887
  • High Value: 1,061,318
  • Low Value: 764,455

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $790,500
  • Assessed Land Value: $462,200
  • Assessed Improvements Value: $328,300

    Sales

  • Current Sale Contract Date: Jan 05, 2019
  • Current Sale Recording Date: Jan 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4426
  • Previous Sale Recording Date: Oct 09, 2013
  • Previous Sale Amount: $475,000
  • 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:

$739,450

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3139 ft²

Average Home Age

85.6 years

Currently For Sale

5 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: 4 months ago
Data Source: MLS PIN, MLS# 72423948

Frequently Asked Questions

When was property at 15 Stevens Road built and last sold?
The property at 15 Stevens Road was built in 1918 and last sold on Jan 5, 2019 for $700,000.
How much is this home worth?
The estimated value of the home located at 15 Stevens Road is $655,053.
What are some comparable homes to 15 Stevens Road?
There are currently no comparable homes to 15 Stevens Road.
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