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Melrose 02176 Melrose East Side
205 Beech Ave
$545,000
● House - Off Market

205 Beech Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,194 Ft²
$786,715
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Very well maintained Cape style home on corner lot in the East Side of Melrose.  Hardwood floors throughout most of the first floor with completely renovated kitchen with granite counters and white subway tile for your backsplash.  Kitchen has been opened up to the large Dining Room.  Large living room has a wood burning fireplace.  Two bedrooms on the first floor and one large bedroom on the second.   Plenty of storage in the knee walls of the second floor.  Access to the backyard is from your newer low-maintenance back deck.  One car garage for those snowy nights.  Newer roof, gutters, and heating system.  Welcome to Melrose!
Unit Size
1,194 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$461
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1925

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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 #72572802)

Price History

Date / Event Date Event Price
Jan 21, 2020 Sold
Premium
Sold
Sep 30, 2019 Listed by Keller Williams Coastal Realty $550,000
Listed by Keller Williams Coastal Realty
Apr 30, 2010 Sold
Premium
Sold
Sep 1, 2009 Listed by Keller Williams Coastal Realty $339,900
Listed by Keller Williams Coastal Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,126
  • Total Building Area: 1,194
  • Gross Building Area: 2,916
  • Building Area: 1,194
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,194
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MELROSE ORIENT PARK
  • Land Acres: 0000000164
  • 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: URA

Geography

  • Parcel: MELR M:0F6 P:0000099
  • Municipality: MELROSE
  • Latitude: 42.4524
  • Longitude: -71.0507

    Address

  • Full Address: 205 Beech Ave
  • Address - House Number: 205
  • Address - Street Name: Beech
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 4931
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $655,600

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 740,653
  • High Value: 869,449
  • Low Value: 611,856

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $660,200
  • Assessed Land Value: $469,800
  • Assessed Improvements Value: $190,400

    Sales

  • Current Sale Contract Date: Jan 15, 2020
  • Current Sale Recording Date: Jan 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9287
  • Previous Sale Recording Date: Apr 30, 2010
  • Previous Sale Amount: $320,000
  • 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:

$949,900

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2223 ft²

Average Home Age

100.7 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72572802

Frequently Asked Questions

When was property at 205 Beech Avenue built and last sold?
The property at 205 Beech Avenue was built in 1925 and last sold on Jan 15, 2020 for $545,000.
How much is this home worth?
The estimated value of the home located at 205 Beech Avenue is $550,438.
What are some comparable homes to 205 Beech Avenue?
There are currently no comparable homes to 205 Beech Avenue.
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