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Melrose 02176 Melrose Highlands
175 Melrose Street
Photo of 175 Melrose Street
Sold on Jul 31, 2007

1

Map

$367,000
● House - Off Market

175 Melrose Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,261 Ft²
$692,434
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

If you seek a home full of character & charm, but don't want the headaches so often associated with 19th c architecture, you will be pleased to discover this 7rm, 3br very pretty Vict home where the sellers have so heavily invested in the infrastructure. From the C/A, new heating sys, & re-lined chimney to the tasteful colors & gleaming flrs. This adorable property also features a 3-season porch, a most charming yard and garage. Walk to train, Highlands shopping area, dwntwn, & Fells.
Unit Size
1,261 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$293
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1874

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 6 months ago (MLSPIN #70581765)

Price History

Date / Event Date Event Price
Jul 31, 2007 Sold
Premium
Sold
May 18, 2007 Listed $369,500
Listed
Mar 9, 2004 Sold
Premium
Sold
Jan 28, 1999 Sold
Premium
Sold
Nov 15, 1998 Listed by Brad Hutchinson Real Estate $199,900
Listed by Brad Hutchinson Real Estate
WONDERFUL ANTIQUE IN HIGHLANDS AREA,CLOSE TO COMMUTER RAIL, MANY BUILTINS,LOYS OF PERSONALITY,CHARM AND WARMTH.CONVINIENT TO STORES,BUSLINE,SCHOOLS & HIGHWAYS. COMMON DRIVE BUT PARKING FOR 3 CARS.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1874
  • Effective Year Built: 1874
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 880
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,199
  • Total Building Area: 1,839
  • Gross Building Area: 2,995
  • Building Area: 1,839
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,839
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000142
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:B12 P:0000095
  • Municipality: MELROSE
  • Latitude: 42.4672
  • Longitude: -71.0697

    Address

  • Full Address: 175 Melrose St
  • Address - House Number: 175
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C021
  • 4-Digit Zip Code: 1719
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $778,700

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 750,131
  • High Value: 922,197
  • Low Value: 578,065

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $784,200
  • Assessed Land Value: $419,800
  • Assessed Improvements Value: $364,400

    Sales

  • Current Sale Recording Date: Jul 31, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00142464
  • Previous Sale Recording Date: Mar 09, 2004
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: 27
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 Melrose Highlands

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2871 ft²

Average Home Age

79.2 years

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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70581765

Frequently Asked Questions

When was property at 175 Melrose Street built and last sold?
The property at 175 Melrose Street was built in 1874 and last sold on Jan 1, 1970 for $367,000.
How much is this home worth?
The estimated value of the home located at 175 Melrose Street is $377,093.
What are some comparable homes to 175 Melrose Street?
There are currently no comparable homes to 175 Melrose Street.
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