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Melrose 02176 Oak Grove - Pine Banks
204 Main Street
Photo of 204 Main Street

5

Map

Photo of 204 Main Street
Photo of 204 Main Street
$659,888
● House - In Contract

204 Main Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,167 Ft²
$3,981
Est. Monthly

About This Property

WOW >>>>>> 3 bedroom home in Melrose, priced for immediate sale.  This property is EZ to show.
Unit Size
2,167 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$305
Property Type
House
Property Taxes
$741
HOA Dues
-
Year Built
1935

Listed By

Patrick Lydon
USA Real Estate Advisors

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 months ago (MLSPIN #73547157)

Price History

Date / Event Date Event Price
Sep 14, 2026 In contract -
In contract
Aug 25, 2026 Price Decreased $659,888
↓ $20K (2.9%)
Price Decreased
Aug 3, 2026 Price Decreased $679,888
↓ $20K (2.9%)
Price Decreased
Jul 23, 2026 Price Decreased $699,888
↓ $15K (2.1%)
Price Decreased
Jul 14, 2026 Price Decreased $715,000
↓ $20K (2.7%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Parking Details
Has Open Parking
Parking Features: Paved
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 1
Appliances: Water Heater
Rooms: 6
Basement: Partially Finished
Exterior Details
Square Footage: 2167
Square Footage Source: $0
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 8888
Building Area Total: 2167
Building Area Units: Square Feet
Lot Features: Level
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Lot Size Square Feet: 4504
Water Source: Public
Financial Details
Tax Assessed Value: $888,888,888
Tax Annual Amount: $8,888
Utilities Details
Cooling Type: Central Air
Heating Type: Other
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • 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: 4,504
  • Total Building Area: 2,167
  • Gross Building Area: 3,024
  • Building Area: 2,167
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,167
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 7633B
  • Land Acres: 0000000103
  • 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:0000026
  • Municipality: MELROSE
  • Latitude: 42.4477
  • Longitude: -71.0683

    Address

  • Full Address: 204 Main St
  • Address - House Number: 204
  • 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: $562,400

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 747,920
  • High Value: 869,528
  • Low Value: 626,311

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,400
  • Assessed Land Value: $369,900
  • Assessed Improvements Value: $196,500

    Sales

  • Current Sale Recording Date: Aug 14, 1998
  • Current Sale Price:
    Premium
  • Current 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:

$850,000

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2045 ft²

Average Home Age

29.6 years

Currently For Sale

7 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: 2 months ago
Data Source: MLS PIN, MLS# 73547157

Frequently Asked Questions

When was property at 204 Main Street built and last sold?
The property at 204 Main Street was built in 1935 and last sold on Jan 1, 1970 for $162,000.
How much is this home worth?
The estimated value of the home located at 204 Main Street is $685,600.
What are some comparable homes to 204 Main Street?
There are currently no comparable homes to 204 Main Street.
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