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Melrose 02176 Wyoming
166 Derby Road
$383,200
● House - Off Market

166 Derby Road

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,987 Ft²
$630,777
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Wonderful, Warm and Inviting Bungalow Located in the HIGHLY SOUGHT AFTER Town of Melrose, Close to DOWNTOWN Main Street! CONVENIENT WALK to Commuter Rail and T, Offering A Short Ride into the City of Boston for Work or Play!  Main Level Offers HARDWOOD THROUGHOUT, 2 Bedrooms, UPDATED KITCHEN with GRANITE COUNTER TOPS, Living Room and Dining Room. FINISHED LOWER LEVEL with Two Additional Bedrooms and a Family Room.  Potential for Additional Finished Rooms in WALK UP ATTIC with aThird Zone of Heat already in Place.Updates include YOUNGER Heating System (2011) and Roof (2008). New Oil Tank to be installed prior to close. This One Won't Last!!
Unit Size
1,987 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$189
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1934

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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: 4 months ago (MLSPIN #71973702)

Price History

Date / Event Date Event Price
May 24, 2016 Sold
Premium
Sold
Mar 17, 2016 Listed by Classified Realty Group $374,900
Listed by Classified Realty Group
Sep 20, 2013 Sold
Premium
Sold
Apr 1, 2013 Listed by Classified Realty Group $318,000
Listed by Classified Realty Group
Oct 14, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,104
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,051
  • Total Building Area: 1,987
  • Gross Building Area: 3,732
  • Building Area: 1,987
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,987
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 336403

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0B5 P:0000135
  • Municipality: MELROSE
  • Latitude: 42.4491
  • Longitude: -71.0693

    Address

  • Full Address: 166 Derby Rd
  • Address - House Number: 166
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5242
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,700

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 752,200
  • High Value: 890,490
  • Low Value: 613,910

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $593,900
  • Assessed Land Value: $368,000
  • Assessed Improvements Value: $225,900

    Sales

  • Current Sale Recording Date: May 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1730327
  • Previous Sale Recording Date: Sep 20, 2013
  • Previous Sale Amount: $315,000
  • 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

$498

Below Asking

0.01%

Average Days on Market

48

Average Home Size

1429 ft²

Average Home Age

96.3 years

Currently For Sale

9 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: 4 months ago
Data Source: MLS PIN, MLS# 71973702

Frequently Asked Questions

When was property at 166 Derby Road built and last sold?
The property at 166 Derby Road was built in 1934 and last sold on Jan 1, 1970 for $383,200.
How much is this home worth?
The estimated value of the home located at 166 Derby Road is $401,946.
What are some comparable homes to 166 Derby Road?
There are currently no comparable homes to 166 Derby Road.
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