17 Melba Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed | $869,900 | |
| Listed | |||
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Welcome to this beautifully updated 4-bedroom ranch in sought-after Stoneham, just minutes from routes 93 and 95. Set on a prime, level lot, this home offers a seamless blend of comfort and style, starting with stunning wide plank hardwood floors that flow throughout the main living areas. The heart of the home is the refreshed kitchen, featuring quartz countertops, stainless steel appliances, and a walk-in pantry for practical storage. The bathrooms have been tastefully updated with modern finishes. Enjoy meals with a view in the bright dining area, set in a sunroom that looks over the backyard. Additional upgrades include a newer roof from 2019 and fully owned solar panels—an incredible value offering significant cost savings for buyers. Step outside to your private backyard oasis, where the composite deck overlooks a luxurious Gunite inground pool, complete with a finished pool house offering ~175 sq ft of finished space and extra storage. Showings begin Fri. OH Sat 12-2, Sun 11-1
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| Feb 8, 2019 | Sold | ||
| Sold | |||
| Dec 19, 2018 | Listed by Anderson Treacy Real Estate | $529,900 | |
| Listed by Anderson Treacy Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017