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Melrose 02176 Horace Mann
167 Boardman Avenue
$728,000
● House - Off Market

167 Boardman Avenue

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,066 Ft²
$667,536
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

PRIME LOCATION! Picture perfect and move in ready, this home sits in the heart of the desirable Horace Mann neighborhood. Nothing to do but unpack and move-in, with  hardwood flooring, fireplace living area open to dining and white kitchen with new appliances and quartz counters all overlooking a stunning backyard.  Also includes Central air, gas heat, new hot water tank, 100 amp electrical, blown in insulation, irrigation and a fenced in private yard with patio area. Upstairs you will find 3 bedrooms and full bathroom.  Attached 1 car garage could be converted into additional living space. This lovely home is situated on a quiet, tree lined street. Walking distance to downtown Melrose restaurants, shops and parks, very conveniently located!
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$609
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1941

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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 #72990059)

Price History

Date / Event Date Event Price
Jul 19, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by Compass $649,000
Listed by Compass
Oct 26, 2018 Sold
Premium
Sold
Sep 6, 2018 Listed by Compass $539,900
Listed by Compass

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 504
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,050
  • Total Building Area: 1,078
  • Gross Building Area: 2,004
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 336201

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:E13 P:0000094
  • Municipality: MELROSE
  • Latitude: 42.472
  • Longitude: -71.0535

    Address

  • Full Address: 167 Boardman Ave
  • Address - House Number: 167
  • Address - Street Name: Boardman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C004
  • 4-Digit Zip Code: 1431
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $690,400

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 767,952
  • High Value: 901,495
  • Low Value: 634,408

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $695,300
  • Assessed Land Value: $464,400
  • Assessed Improvements Value: $230,900

    Sales

  • Current Sale Contract Date: Jul 19, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110090
  • Previous Sale Recording Date: Oct 26, 2018
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: 54
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 Horace Mann

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$473

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3259 ft²

Average Home Age

-

Currently For Sale

6 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: 4 months ago
Data Source: MLS PIN, MLS# 72990059

Frequently Asked Questions

When was property at 167 Boardman Avenue built and last sold?
The property at 167 Boardman Avenue was built in 1941 and last sold on Jul 19, 2022 for $728,000.
How much is this home worth?
The estimated value of the home located at 167 Boardman Avenue is $648,625.
What are some comparable homes to 167 Boardman Avenue?
There are currently no comparable homes to 167 Boardman Avenue.
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