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Worcester
2 Melba Ave
$217,500
● House - Off Market

2 Melba Ave

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,288 Ft²
$409,315
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Multiple offers.  Highest and best due by May 2 at noon. Absolute Move In Condition.  All important upgrades/updates have been done for you including windows, siding, roof, gutters, deck, water heater and bathrooms.   A Commuters dream location just minutes to all major routes and shopping yet in a neighborhood setting.  Bright and airy rooms in a very clean and gently lived in home.  Oversize living room leads to big eat in kitchen which has french doors to a huge deck and level back yard.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$163
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1960

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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 #71516238)

Price History

Date / Event Date Event Price
Jul 9, 2013 Sold
Premium
Sold
Apr 29, 2013 Listed by RE/MAX Acclaim $210,000
Listed by RE/MAX Acclaim
Aug 4, 1999 Sold
Premium
Sold
May 20, 1999 Listed by RE/MAX Acclaim $152,900
Listed by RE/MAX Acclaim

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,150
  • Total Building Area: 1,288
  • Gross Building Area: 3,280
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000302
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736100

Geography

  • Account Number: 4610
  • District: 17
  • Parcel: AUBU M:0048 L:0132
  • Lot: 132
  • Municipality: AUBURN
  • Latitude: 42.193
  • Longitude: -71.8477

    Address

  • Full Address: 2 Melba Ave
  • Address - House Number: 2
  • Address - Street Name: Melba
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Auburn
  • Carrier Code: C005
  • 4-Digit Zip Code: 1908
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $549,300

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 424,726
  • High Value: 497,775
  • Low Value: 351,677

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $367,900
  • Assessed Land Value: $109,900
  • Assessed Improvements Value: $258,000

    Sales

  • Current Sale Recording Date: Jul 09, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000008
  • Previous Sale Recording Date: Aug 04, 1999
  • Previous Sale Amount: $150,400
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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: 4 months ago
Data Source: MLS PIN, MLS# 71516238

Frequently Asked Questions

When was property at 2 Melba Avenue built and last sold?
The property at 2 Melba Avenue was built in 1960 and last sold on Jan 1, 1970 for $217,500.
How much is this home worth?
The estimated value of the home located at 2 Melba Avenue is $218,491.
What are some comparable homes to 2 Melba Avenue?
There are currently no comparable homes to 2 Melba Avenue.
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