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Melrose 02176 Mount Hood
18 Patrick's Place
$1,850,000
● House - Off Market

18 Patrick's Place

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,800 Ft²
$1,932,957
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Melrose New Construction - New nine lot subdivision that is largely surrounded by conservation land and enjoys pond view as well as Boston skyline views. 3,800sf of living space plus a full walkout basement ready to finish. . Excellent spec package includes Hardiplank and Anderson window exteriors, finished in place hardwood floors, Glenwood kitchens, granite, Kitchenaid Appliances, etc. AKA Lot #3.
Unit Size
3,800 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$487
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2023

Payment Calculator

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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: 5 years ago (MLSPIN #72961012)

Price History

Date / Event Date Event Price
Aug 5, 2022 Sold
Premium
Sold
Apr 1, 2022 Listed by Keller Williams Realty $1,850,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,348
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,716
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,391
  • Gross Building Area: 6,848
  • Building Area: 4,391
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 4,391
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000407
  • 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: 336300

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0G3 P:0000052
  • Municipality: MELROSE
  • Latitude: 42.4447
  • Longitude: -71.046

    Address

  • Full Address: 18 Patricks Pl
  • Address - House Number: 18
  • Address - Street Name: Patricks
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 5534
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,767,700

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,939,266
  • High Value: 2,250,048
  • Low Value: 1,628,484

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,780,200
  • Assessed Land Value: $556,400
  • Assessed Improvements Value: $1,223,800

    Sales

  • Current Sale Contract Date: Aug 04, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119967
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 Mount Hood

Stats & Trends

Median Asking:

$997,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2104 ft²

Average Home Age

107 years

Currently For Sale

2 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 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: 5 years ago
Data Source: MLS PIN, MLS# 72961012

Frequently Asked Questions

When was property at 18 Patrick's Place built and last sold?
The property at 18 Patrick's Place was built in 2023 and last sold on Aug 4, 2022 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 18 Patrick's Place is $0.
What are some comparable homes to 18 Patrick's Place?
There are currently no comparable homes to 18 Patrick's Place.
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