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160 Main Street

160 Main Street, Melrose, MA 02176
Sold Dec 24, 2020
$300,000
Buyer
Seller
$240,000 by Leader Bank Na
Mortgage Due Dec 24, 2050
Sold Jul 01, 1981
$60,800
160 Main Street has been categorized by the local assessors in Melrose, MA as a residential type of property. The building on the property was first built in 1950 and is 74 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 160 Main Street has 1,872 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,301 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a steam heating system and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Dec 18, 2020 for $300,000. That's $160.26 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $60,800. 160 Main Street was last assessed in 2024. The total value of the property was assessed at $555,100. Specifically, the land the property is located on was valued at $373,200. While improvements on the property were assessed at a total of $181,900. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,512. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 936
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,301
  • Total Building Area: 1,872
  • Gross Building Area: 3,133
  • Building Area: 1,872
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 1,872
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.122
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : YU JEFFREY
  • Previous Owner : YU YEE N
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0C4 P:0000006
  • Municipality: MELROSE
  • Latitude: 42.4462
  • Longitude: -71.0683

    Address

  • Full Address: 160 Main St
  • Address - House Number: 160
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5227
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,512

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 639,544
  • High Value: 760,840
  • Low Value: 518,248

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: LEADER BANK NA
  • First Open Lien Mortgage Recording Date: Dec 24, 2020
  • First Open Lien Mortgage Loan Amount: $240,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 24, 2050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $555,100
  • Assessed Land Value: $373,200
  • Assessed Improvements Value: $181,900

    Sales

  • Current Sale Contract Date: Dec 18, 2020
  • Current Sale Recording Date: Dec 24, 2020
  • Current Sale Transaction ID: 11810756361
  • Current Sale Price: $300,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 1865038
  • Previous Sale Recording Date: Jul 01, 1981
  • Previous Sale Amount: $60,800
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEADER BANK NA
  • First Mortgage Transaction Date: Dec 24, 2020
  • First Mortgage Loan Amount: $240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Oak Grove - Pine Banks



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Frequently Asked Questions

What neighborhood is 160 Main Street located in?
The 160 Main Street is a located in the neighborhood of Oak Grove - Pine Banks in Oak Grove - Pine Banks, Melrose.
What is the average sales price for listings in 160 Main Street?
The average sales price for units in 160 Main Street is $0 currently.

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