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Melrose 02176 Wyoming
159 Derby Road
$626,900
● House - Off Market

159 Derby Road

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,418 Ft²
$565,606
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Opportunity knocks...Attention 1st time Buyers. 3 bedroom bungalow set on nice level lot of land. Kitchen has lots of cabinets and great counter space.  Good size Livingroom.  Formal dining room. Hardwood flooring throughout.  Walk up attic.  Upgraded heat. Vinyl siding and vinyl tilt in replacement widows. 100 AMP Circuit breakers.  Owner owned Solar Panels on roof.  This homes is perfect for the commuter.  It is located between Wyoming Commuter Rail Stop, Orange Line Train stop & the Main Street buses. Easy access to the highways.  Close to Pine Banks park & beautiful downtown Melrose. Off street parking for 3 cars.  This home needs your TLC but is well worth it.  Don't miss out. Offers if any due on or before 5:00 PM Tuesday June 7,  2022.
Unit Size
1,418 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$388
Property Type
House
Property Taxes
$418
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: 4 months ago (MLSPIN #72992200)

Price History

Date / Event Date Event Price
Jul 12, 2022 Sold
Premium
Sold
Jun 3, 2022 Listed by Brad Hutchinson Real Estate $549,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,050
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,384
  • Total Building Area: 1,418
  • Gross Building Area: 3,296
  • Building Area: 1,418
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,418
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0C5 P:0000003
  • Municipality: MELROSE
  • Latitude: 42.4488
  • Longitude: -71.0689

    Address

  • Full Address: 159 Derby Rd
  • Address - House Number: 159
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5217
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 666,557
  • High Value: 787,777
  • Low Value: 545,337

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $547,900
  • Assessed Land Value: $373,500
  • Assessed Improvements Value: $174,400

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1918240
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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$498

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1429 ft²

Average Home Age

96.3 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
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# 72992200

Frequently Asked Questions

When was property at 159 Derby Road built and last sold?
The property at 159 Derby Road was built in 1930 and last sold on Jul 12, 2022 for $626,900.
How much is this home worth?
The estimated value of the home located at 159 Derby Road is $571,957.
What are some comparable homes to 159 Derby Road?
There are currently no comparable homes to 159 Derby Road.
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