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Melrose 02176 Oak Grove - Pine Banks
200 Main Street
$420,000
● House - Off Market

200 Main Street

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$618,542
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

This charming Bungalow is the perfect way to get into the Melrose housing market -- named one of the country's hottest zip codes by Boston Magazine. Period details include hardwood floors, natural woodwork and high ceilings. The house is in good condition, but ready for your updates or expansion. The unheated second floor is roughly finished, but with a 7 year old, 3-zone high efficiency gas boiler, there is room for expansion. The 3-season front and back porches add to the usable space, but are not included in the total square footage. A finished lower level room is the perfect "Wo[Man]" cave! The solar panel system keeps the electric bill low. Bird lover's garden area is compact but totally private and tranquil. Just a short distance from downtown with shops and restaurants. Become part of this vibrant community.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$353
Property Type
House
Property Taxes
$345
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 months ago (MLSPIN #72193441)

Price History

Date / Event Date Event Price
Aug 22, 2017 Sold
Premium
Sold
Jul 5, 2017 Listed by Barrett Sotheby's International Realty $398,000
Listed by Barrett Sotheby's International Realty
Jan 15, 2003 Sold
Premium
Sold
Oct 8, 2002 Listed by Barrett Sotheby's International Realty $309,900
Listed by Barrett Sotheby's International Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,665
  • Total Building Area: 1,865
  • Gross Building Area: 3,288
  • Building Area: 1,865
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,865
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 7633B
  • Land Acres: 0000000107
  • 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:0C4 P:0000025
  • Municipality: MELROSE
  • Latitude: 42.4476
  • Longitude: -71.0683

    Address

  • Full Address: 200 Main St
  • Address - House Number: 200
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5230
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,900

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 637,294
  • High Value: 742,640
  • Low Value: 531,948

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $540,700
  • Assessed Land Value: $370,500
  • Assessed Improvements Value: $170,200

    Sales

  • Current Sale Contract Date: Aug 17, 2017
  • Current Sale Recording Date: Aug 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1768521
  • Previous Sale Recording Date: Jan 15, 2003
  • Previous Sale Amount: $298,000
  • Previous Sale Document Type: 48
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 - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1966 ft²

Average Home Age

58.9 years

Currently For Sale

9 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 months ago
Data Source: MLS PIN, MLS# 72193441

Frequently Asked Questions

When was property at 200 Main Street built and last sold?
The property at 200 Main Street was built in 1930 and last sold on Aug 17, 2017 for $420,000.
How much is this home worth?
The estimated value of the home located at 200 Main Street is $403,119.
What are some comparable homes to 200 Main Street?
There are currently no comparable homes to 200 Main Street.
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