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Melrose 02176 Melrose East Side
2 Hancock St.
Photo of 2 Hancock St.
Sold on May 13, 2011

1

Map

$310,000
● House - Off Market

2 Hancock St.

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,784 Ft²
$663,058
RealtyHop Estimate
107.27%
Since Jun 1, 2011
MA-Boston
Primary Model

About This Property

Spacious, bright, immaculate and welcoming best describe this raised Cape Cod style home.  Don't miss out on this wonderful family home in Melrose.  Lower level family room with wet bar for all your family gatherings.  Large living room with marble fireplace and picture window.  Custom vanilla oak kitchen and dining room for formal entertainment.  A bathroom on every level for your convenience.  Freshly painted exterior, new Burnham gas heater, hardwood floors under carpet on 1st floor, driveway
Unit Size
2,784 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$115
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1964

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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: 6 months ago (MLSPIN #71189729)

Price History

Date / Event Date Event Price
Sep 22, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by RE/MAX Results $610,000
Listed by RE/MAX Results
May 13, 2011 Sold
Premium
Sold
Feb 18, 2011 Listed by RE/MAX Results $319,900
Listed by RE/MAX Results

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,902
  • Total Building Area: 1,568
  • Gross Building Area: 2,784
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    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: 336300

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0F3 P:0000093
  • Municipality: MELROSE
  • Latitude: 42.4456
  • Longitude: -71.0527

    Address

  • Full Address: 2 Hancock St
  • Address - House Number: 2
  • Address - Street Name: Hancock
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 6328
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $601,300

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 690,603
  • High Value: 810,696
  • Low Value: 570,510

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,500
  • Assessed Land Value: $395,400
  • Assessed Improvements Value: $210,100

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1894373
  • Previous Sale Recording Date: May 13, 2011
  • Previous Sale Amount: $310,000
  • 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 East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1893 ft²

Average Home Age

91.6 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71189729

Frequently Asked Questions

When was property at 2 Hancock Street built and last sold?
The property at 2 Hancock Street was built in 1964 and last sold on Sep 21, 2021 for $590,000.
How much is this home worth?
The estimated value of the home located at 2 Hancock Street is $0.
What are some comparable homes to 2 Hancock Street?
There are currently no comparable homes to 2 Hancock Street.
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