$462,500
●
Condo -
Off Market
16 Willow #306
Melrose, MA
2 Beds
2 Baths
880 Ft²
$696,587
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
Highly desired & seldom available 2 BR, 2 FBA condo at Station
Crossing Condominiums. Built in 2006, this Mansard Victorian Style
48 unit complex is located within walking distance to shops,
restaurants, commuter rail & easy bus access to the Orange Line at
Oak Grove Station. Meticulously maintained & move-in ready, this
lovely unit features a spacious master bedroom w/master bath, 2nd
bedroom, 2nd full bath, bright sun-filled open layout living rm & a
large kitchen w/breakfast bar, SS appliances & lots of maple
cabinetry. Updates include new water heater October 2014, new
dishwasher September 2015, Closets by Design installed in 2015 in
front hall closet, guest bedroom & master bedroom. Entire condo
unit repainted in 2013, new ceiling light fixtures & all
door/drawer hardware updated. In unit laundry w/stackable
washer/dryer. 2 car parking (1 garage space & 1 outside space.
Building has intercom, elevator, security cameras & is handicap
accessible. Welcome Home to Station Crossing!!
Unit Size
880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$520
Property Type
Condo
Property Taxes
$283
HOA Dues
$312
Year Built
-
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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 #72289805)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2018 | Sold | ||
| Sold | |||
| Mar 6, 2018 | Listed by Hughes Residential | $457,500 | |
| Listed by Hughes Residential | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Width: 8
Length: 10
Features: Flooring - Wood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan
Area: 80
Level: First
Area: 48
Width: 6
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Length: 8
Area: 64
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 8
Level: First
Width: 8
Level: First
Features: Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Cable Hookup
Width: 10
Length: 14
Area: 140
Length: 17
Level: First
Area: 204
Features: Flooring - Wood, Cable Hookup, Open Floorplan
Width: 12
Features: Bathroom - Full, Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Cable Hookup
Level: First
Length: 19
Width: 10
Area: 190
Features: Yes
Full Bathrooms: 2
Interior Features: Other
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer/Dryer, Electric Water Heater, Tank Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Wood Laminate
Laundry Features: First Floor, In Unit, Washer Hookup
Rooms: 4
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Garage Door Opener, Deeded, Off Street
Garage Spaces: 1
Exterior Details
Has Property Attached
Entry Level: 3
Security Features: Other
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Station Crossing Condominium
Structure Type: Garden, Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: None
Lot Size Units: Acres
Zoning: BB1
Parcel Number: 4676680
Water Source: Public
Financial Details
Tax Assessed Value: $299,200
Tax Annual Amount: $3,390
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Forced Air, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Elevator(s)
Association Fee Frequency: Monthly
HOA Fee: $312
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017