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Melrose 02176 Downtown Melrose
2 Allen Pl
$123,500
● House - Off Market

2 Allen Pl

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$563,575
RealtyHop Estimate
347.64%
Since May 1, 1996
MA-Boston
Primary Model

About This Property

LOVELY MANSARD VICTORIAN. CLOSE TO SCHOOLS, TRANSPORTATION & SHOPPING. LARGE FOYER, MARBLE FIREPLACED MANTEL IN LR, BUILT-IN CHINA CABINET IN DR. MANY UPDATES, INCLUDING NEWER KIT & BATHS. SOME NEW WINDOWS & NEWER ROOF. MOVE RIGHT IN.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1910

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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 years ago (MLSPIN #30032843)

Price History

Date / Event Date Event Price
Apr 1, 2002 Sold
Premium
Sold
Nov 14, 2001 Listed by Century 21 Sexton & Donohue $240,000
Listed by Century 21 Sexton & Donohue
Apr 30, 1996 Sold
Premium
Sold
Mar 6, 1995 Listed by Century 21 Sexton & Donohue $125,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,849
  • Total Building Area: 1,283
  • Gross Building Area: 2,081
  • Building Area: 1,283
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,283
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A C GOSS
  • Land Acres: 0000000065
  • 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: 336402

Zoning

  • Zoning: URD

Geography

  • Parcel: MELR M:0C6 P:0000036
  • Municipality: MELROSE
  • Latitude: 42.4536
  • Longitude: -71.0688

    Address

  • Full Address: 2 Allen Pl
  • Address - House Number: 2
  • Address - Street Name: Allen
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Melrose
  • Carrier Code: C005
  • 4-Digit Zip Code: 3807
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,300

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 609,301
  • High Value: 721,319
  • Low Value: 497,283

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,600
  • Assessed Land Value: $260,300
  • Assessed Improvements Value: $215,300

    Sales

  • Current Sale Recording Date: Apr 01, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1648
  • Previous Sale Recording Date: Apr 30, 1996
  • Previous Sale Amount: $123,500
  • 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 Downtown Melrose

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1768 ft²

Average Home Age

127.8 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 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: 4 years ago
Data Source: MLS PIN, MLS# 30032843

Frequently Asked Questions

When was property at 2 Allen Place built and last sold?
The property at 2 Allen Place was built in 1910 and last sold on Jan 1, 1970 for $242,000.
How much is this home worth?
The estimated value of the home located at 2 Allen Place is $0.
What are some comparable homes to 2 Allen Place?
There are currently no comparable homes to 2 Allen Place.
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