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Melrose 02176 Wyoming
159 Florence St
$1,141,000
● House - Off Market

159 Florence St

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,287 Ft²
$1,029,857
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Classic Colonial with high ceilings and gorgeous details in this architecturally turn of the century home on a double lot. This beautiful home has an amazing flow from the moment you step in, offers 5 beds and 2.5 baths, and features a perfect blend of modern updates and original charm. Enter into a stunning fireplaced living room that flows into the formal dining room. The spacious kitchen boasts stainless steel appliances and granite countertops. The 2nd floor offers three spacious bedrooms and a home office space. Third floor provides two additional bedrooms! Enjoy an enclosed large back porch overlooking the beautiful lush backyard. Close to trains, downtown Melrose shops and restaurants and short distance to the Fells! You don't want to miss this incredible opportunity!
Unit Size
2,287 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$448
Property Type
House
Property Taxes
$763
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: 4 months ago (MLSPIN #73104011)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
May 3, 2023 In contract -
In contract
Apr 27, 2023 Listed by Redfin Corp. $1,025,000
Listed by Redfin Corp.
Jun 14, 2013 Sold
Premium
Sold
Apr 17, 2013 Listed by Redfin Corp. $625,000
Listed by Redfin Corp.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • 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: 1,166
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 1,936
  • Gross Building Area: 4,324
  • Building Area: 1,936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: 336402

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0B7 P:0000063
  • Municipality: MELROSE
  • Latitude: 42.4551
  • Longitude: -71.0723

    Address

  • Full Address: 159 Florence St
  • Address - House Number: 159
  • Address - Street Name: Florence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C014
  • 4-Digit Zip Code: 3709
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $945,100

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,058,743
  • High Value: 1,246,390
  • Low Value: 871,095

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $951,800
  • Assessed Land Value: $482,600
  • Assessed Improvements Value: $469,200

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57322
  • Previous Sale Recording Date: Jun 14, 2013
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$689,000

Sale Price/ft²

$498

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1115 ft²

Average Home Age

87.9 years

Currently For Sale

7 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# 73104011

Frequently Asked Questions

When was property at 159 Florence Street built and last sold?
The property at 159 Florence Street was built in 1900 and last sold on May 31, 2023 for $1,141,000.
How much is this home worth?
The estimated value of the home located at 159 Florence Street is $1,039,152.
What are some comparable homes to 159 Florence Street?
There are currently no comparable homes to 159 Florence Street.
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