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Melrose 02176 Mount Hood
16 Maple Ter
$1,240,000
● House - Off Market

16 Maple Ter

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,000 Ft²
$1,381,778
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Amazing new construction home nestled on over a half acre mature wooded lot. This 4 bedroom 2 1/2 bath colonial with full farmers porch has a babbling brook gently flowing in the front yard. The inviting 1st floor opens up from the foyer to the living room to the modern kitchen with a 6' window at the kitchen sink looking over backyard and patio. Dining room has wainscoting and beamed ceiling, study with French doors, mud room with built in bench, half bath, and laundry with cabinets and countertop. The spacious 2nd floor has front to back 40' long master suite, two more large bedrooms, full bath with double vanity, and plenty of closet space. 3rd floor huge 4th bedroom or anything else you would like to make it! Two car garage and driveway with plenty of parking.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$400
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 years ago (MLSPIN #72817907)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Compass $1,199,900
Listed by Compass

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,200
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,450
  • Total Building Area: 2,820
  • Gross Building Area: 5,184
  • Building Area: 2,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 2,820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000561
  • 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: 336202

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0G2 P:00011-1
  • Municipality: MELROSE
  • Latitude: 42.4431
  • Longitude: -71.0446

    Address

  • Full Address: 16 Maple Ter
  • Address - House Number: 16
  • Address - Street Name: Maple
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Melrose
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,266,400

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,495,207
  • High Value: 1,726,998
  • Low Value: 1,263,416

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,275,300
  • Assessed Land Value: $331,100
  • Assessed Improvements Value: $944,200

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125751
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 Mount Hood

Stats & Trends

Median Asking:

$997,500

Sale Price/ft²

$448

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2864 ft²

Average Home Age

142 years

Currently For Sale

1 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: 5 years ago
Data Source: MLS PIN, MLS# 72817907

Frequently Asked Questions

When was property at 16 Maple Terrace built and last sold?
The property at 16 Maple Terrace was built in 2020 and last sold on Jun 2, 2021 for $1,240,000.
How much is this home worth?
The estimated value of the home located at 16 Maple Terrace is $0.
What are some comparable homes to 16 Maple Terrace?
There are currently no comparable homes to 16 Maple Terrace.
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