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Malden 02148 Oak Grove
2 Claflin Terrace
$350,000
● House - Off Market

2 Claflin Terrace

Malden, MA 02148
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,386 Ft²
$467,991
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

CONTRACTOR SPECIAL :   Just steps to the OAK GROVE STATION.  8 room ,3 bedroom ,1.5 bath Colonial. Home has forced hot air gas heat , gas hot water and gas cooking.  Offstreet parking . New 100 amp electrical service with circuit breakers. Minutes to major arteries / Boston , shopping and restaurants.
Unit Size
1,386 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$216
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #72177647)

Price History

Date / Event Date Event Price
May 16, 2019 Sold
Premium
Sold
Jul 31, 2017 Sold
Premium
Sold
Jun 7, 2017 Listed by Century 21 Advance Realty $299,900
Listed by Century 21 Advance Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,873
  • Total Building Area: 2,166
  • Gross Building Area: 3,427
  • Building Area: 2,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,166
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000043
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341101

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:010 B:074 L:408
  • Block: 74
  • Lot: 408
  • Municipality: MALDEN
  • Latitude: 42.4354
  • Longitude: -71.0726

    Address

  • Full Address: 2 Claflin Ter
  • Address - House Number: 2
  • Address - Street Name: Claflin
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Malden
  • Carrier Code: C022
  • 4-Digit Zip Code: 1369
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $810,600

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 886,331
  • High Value: 1,022,400
  • Low Value: 750,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,400
  • Assessed Land Value: $250,500
  • Assessed Improvements Value: $442,900

    Sales

  • Current Sale Contract Date: Apr 26, 2019
  • Current Sale Recording Date: May 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63544
  • Previous Sale Recording Date: Jul 31, 2017
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Oak Grove

Stats & Trends

Median Asking:

$754,950

Sale Price/ft²

$530

Above Asking

0.00%

Average Days on Market

48

Average Home Size

2096 ft²

Average Home Age

113.5 years

Currently For Sale

8 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: 4 months ago
Data Source: MLS PIN, MLS# 72177647

Frequently Asked Questions

When was property at 2 Claflin Terrace built and last sold?
The property at 2 Claflin Terrace was built in 1900 and last sold on Apr 26, 2019 for $675,000.
How much is this home worth?
The estimated value of the home located at 2 Claflin Terrace is $319,198.
What are some comparable homes to 2 Claflin Terrace?
There are currently no comparable homes to 2 Claflin Terrace.
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