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Melrose 02176 Oak Grove - Pine Banks
154 Lynde Street
$545,000
● House - Off Market

154 Lynde Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
4 Baths
square feet
1,892 Ft²
$767,303
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

A great house for extended family or for people who have lots of visitors with FOUR FULL BATHROOMS!!!! First floor is living room, dining room, kitchen (with washer/dryer connections behind the closet doors) two full bathrooms with shower stalls and a first floor bedroom with large walk-in closet and direct access to outside handicap ramp. Second floor has large master bedroom with private bathroom and there is also a two room suite on the second floor with private bathroom.  Central air conditioning on the first floor and electric heat on the second.  Nice deck in the rear off of the living room.  This home is located within a short walk to all the stores and restaurants in downtown Melrose and the train station to Boston is also quite close.
Unit Size
1,892 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$301
Property Type
House
Property Taxes
$461
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 #72599688)

Price History

Date / Event Date Event Price
Jul 28, 2020 Sold
Premium
Sold
Dec 9, 2019 Listed by Brad Hutchinson Real Estate $569,000
Listed by Brad Hutchinson Real Estate
Apr 28, 2009 Sold
Premium
Sold
Jan 15, 2009 Listed by Brad Hutchinson Real Estate $349,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 966
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,247
  • Total Building Area: 1,892
  • Gross Building Area: 3,247
  • Building Area: 1,892
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,892
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000097
  • 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: URB

Geography

  • Parcel: MELR M:0D6 P:0000030
  • Municipality: MELROSE
  • Latitude: 42.4532
  • Longitude: -71.0611

    Address

  • Full Address: 154 Lynde St
  • Address - House Number: 154
  • Address - Street Name: Lynde
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C029
  • 4-Digit Zip Code: 4733
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $676,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 793,878
  • High Value: 931,930
  • Low Value: 655,826

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,600
  • Assessed Land Value: $388,200
  • Assessed Improvements Value: $293,400

    Sales

  • Current Sale Contract Date: Jul 08, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123697
  • Previous Sale Recording Date: Apr 28, 2009
  • Previous Sale Amount: $325,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1966 ft²

Average Home Age

58.9 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 72599688

Frequently Asked Questions

When was property at 154 Lynde Street built and last sold?
The property at 154 Lynde Street was built in 1900 and last sold on Jul 8, 2020 for $545,000.
How much is this home worth?
The estimated value of the home located at 154 Lynde Street is $582,380.
What are some comparable homes to 154 Lynde Street?
There are currently no comparable homes to 154 Lynde Street.
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