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Melrose 02176 Melrose Highlands
16 Ashburton Place
$322,500
● House - Off Market

16 Ashburton Place

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,360 Ft²
$607,102
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

Well maintained 7 room,3 BR center entrance colonial steps away from public trans. Family room could be master with half bath. New Vinyl siding,windows,oil tank,boiler and Hot water tank.Brand new plumbing and plaster walls.You won't be disappointed at this price. Gas dryer stays.
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$243
Property Type
House
Property Taxes
$189
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 #70052747)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Sep 17, 2004 Sold
Premium
Sold
May 29, 2004 Listed by CENTURY 21 GR Associates $329,900
Listed by CENTURY 21 GR Associates

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 609
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,885
  • Total Building Area: 1,428
  • Gross Building Area: 2,221
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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:C13 P:00007-8
  • Municipality: MELROSE
  • Latitude: 42.4707
  • Longitude: -71.0684

    Address

  • Full Address: 16 Ashburton Pl
  • Address - House Number: 16
  • Address - Street Name: Ashburton
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Melrose
  • Carrier Code: C021
  • 4-Digit Zip Code: 1171
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $504,600

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 572,685
  • High Value: 667,351
  • Low Value: 478,018

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,200
  • Assessed Land Value: $338,000
  • Assessed Improvements Value: $170,200

    Sales

  • Current Sale Contract Date: Aug 30, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 131126
  • Previous Sale Recording Date: Sep 17, 2004
  • Previous Sale Amount: $322,500
  • 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 Melrose Highlands

Stats & Trends

Median Asking:

$762,500

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2750 ft²

Average Home Age

92.4 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: 5 months ago
Data Source: MLS PIN, MLS# 70052747

Frequently Asked Questions

When was property at 16 Ashburton Place built and last sold?
The property at 16 Ashburton Place was built in 1900 and last sold on Aug 30, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 16 Ashburton Place is $341,997.
What are some comparable homes to 16 Ashburton Place?
There are currently no comparable homes to 16 Ashburton Place.
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