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Melrose 02176 Melrose East Side
159 Laurel St
$915,000
● House - Off Market

159 Laurel St

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
5,618 Ft²
$1,355,037
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

Spacious Single family with 2 separate Townhouse style living quarters. Separate entrances. Newer vinyl siding,roof,gas heating and central air. Updated electric and plumbing.Large sunroom entrance to accommodate both residences. Level lot, separate parking areas. A great home for extended family. Great location with easy access to public transportation. Beautiful move in condition  Must see!     Call Listing Agent about two family status, prior to scheduling a showing.
Unit Size
5,618 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$160
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
1883

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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 #72276874)

Price History

Date / Event Date Event Price
Mar 31, 2020 Sold
Premium
Sold
Mar 26, 2018 Sold
Premium
Sold
Feb 1, 2018 Listed by Coldwell Banker Residential Brokerage - Lynnfield $900,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,658
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,510
  • Total Building Area: 4,457
  • Gross Building Area: 7,366
  • Building Area: 4,457
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,457
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME ASSOCIATION LANDS
  • Land Acres: 0000000195
  • 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:0F7 P:0000096
  • Municipality: MELROSE
  • Latitude: 42.4555
  • Longitude: -71.0505

    Address

  • Full Address: 159 Laurel St
  • Address - House Number: 159
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C015
  • 4-Digit Zip Code: 4121
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $1,090,200

    Appraisal Valuation

  • Standard Deviation: 0.1066
  • Valuation Date: Jan 20, 2021
  • Confidence Score: 89
  • Final Value: 961,193
  • High Value: 1,063,729
  • Low Value: 858,657

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $986,600
  • Assessed Land Value: $350,700
  • Assessed Improvements Value: $635,900

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Mar 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 48110
  • Previous Sale Recording Date: Mar 26, 2018
  • Previous Sale Amount: $915,000
  • 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 East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2104 ft²

Average Home Age

97.5 years

Currently For Sale

8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72276874

Frequently Asked Questions

When was property at 159 Laurel Street built and last sold?
The property at 159 Laurel Street was built in 1883 and last sold on Mar 23, 2020 for $364,000.
How much is this home worth?
The estimated value of the home located at 159 Laurel Street is $911,328.
What are some comparable homes to 159 Laurel Street?
There are currently no comparable homes to 159 Laurel Street.
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