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Melrose 02176 Wyoming
16 Melbourne Ave
$1,160,000
● House - Off Market

16 Melbourne Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,330 Ft²
$913,466
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Move-in ready! Welcome to a fantastic opportunity to own a beautiful Melrose home set near the Fells.  This home features upgrades throughout, including a newer kitchen and finished downstairs space perfect for children to play and learn or for an in-home office. In addition to the lovely kitchen on the first floor there is a good sized dining/living room combo with bonus sunroom space. A walkout to the deck/backyard off the kitchen provides space for entertaining inside and out. Upstairs you'll find 3 bedrooms and a full bath. Other features include a large, level backyard with in-ground irrigation and a 2 car garage. Roof is only 2 years old! Easy access to Oak Grove, Commuter Rail, Route 93 and 95 and close to both! Open houses Thursday/Friday 12-1pm and Saturday/Sunday 11am-12:30pm.
Unit Size
2,330 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$386
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72969127)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by Coldwell Banker Realty - Arlington $899,000
Listed by Coldwell Banker Realty - Arlington
Oct 30, 2015 Sold
Premium
Sold
Sep 18, 2015 Listed by Coldwell Banker Realty - Arlington $469,900
Listed by Coldwell Banker Realty - Arlington
May 26, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 792
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,934
  • Gross Building Area: 2,829
  • Building Area: 1,934
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,934
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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:0A6 P:0000114
  • Municipality: MELROSE
  • Latitude: 42.4534
  • Longitude: -71.0777

    Address

  • Full Address: 16 Melbourne Ave
  • Address - House Number: 16
  • Address - Street Name: Melbourne
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C040
  • 4-Digit Zip Code: 4313
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,200

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 902,587
  • High Value: 1,049,344
  • Low Value: 755,830

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $915,600
  • Assessed Land Value: $471,800
  • Assessed Improvements Value: $443,800

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90506
  • Previous Sale Recording Date: Oct 30, 2015
  • Previous Sale Amount: $492,000
  • 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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1652 ft²

Average Home Age

96.8 years

Currently For Sale

10 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
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72969127

Frequently Asked Questions

When was property at 16 Melbourne Avenue built and last sold?
The property at 16 Melbourne Avenue was built in 1926 and last sold on Jun 15, 2022 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 16 Melbourne Avenue is $905,288.
What are some comparable homes to 16 Melbourne Avenue?
There are currently no comparable homes to 16 Melbourne Avenue.
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