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Melrose 02176 Wyoming
183 Derby Rd
$660,000
● House - Off Market

183 Derby Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,876 Ft²
$662,157
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Prime commuter location in Melrose on a one-way street! You won't want to miss this 3-bed, 2-bath 1,876 sf Colonial with an inviting front porch and fenced-in back yard. The first floor features the living room, dining room and kitchen. The second floor has 3 bedrooms and a full bath. The finished lower level has an office or guest room, family room, wet bar and full bath. If you have family visiting, the lower level has everything they need. Updates include freshly painted walls and ceilings in most rooms, vinyl siding (2018), roof (2017) and hot water heater (2018). You can easily explore the restaurants and shops downtown or hop on the commuter rail and be in Boston's North Station in about 20 minutes. The Oak Grove T Station is also about a mile away.
Unit Size
1,876 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$307
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1930

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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 #72818449)

Price History

Date / Event Date Event Price
Jun 14, 2021 Sold
Premium
Sold
Apr 21, 2021 Listed by Hooli Homes Boston Inc. $575,000
Listed by Hooli Homes Boston Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 625
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,859
  • Total Building Area: 1,563
  • Gross Building Area: 2,052
  • Building Area: 1,563
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,563
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0C5 P:0000009
  • Municipality: MELROSE
  • Latitude: 42.4497
  • Longitude: -71.0688

    Address

  • Full Address: 183 Derby Rd
  • Address - House Number: 183
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5217
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $649,300

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 767,834
  • High Value: 934,990
  • Low Value: 600,678

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $653,900
  • Assessed Land Value: $375,500
  • Assessed Improvements Value: $278,400

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1883025
  • Previous Sale Recording Date: May 12, 2014
  • 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 Wyoming

Stats & Trends

Median Asking:

$664,450

Sale Price/ft²

$495

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1432 ft²

Average Home Age

97.3 years

Currently For Sale

10 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
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: 5 years ago
Data Source: MLS PIN, MLS# 72818449

Frequently Asked Questions

When was property at 183 Derby Road built and last sold?
The property at 183 Derby Road was built in 1930 and last sold on Jun 11, 2021 for $660,000.
How much is this home worth?
The estimated value of the home located at 183 Derby Road is $607,127.
What are some comparable homes to 183 Derby Road?
There are currently no comparable homes to 183 Derby Road.
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