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Melrose 02176 Oak Grove - Pine Banks
217 Main St
Photo of 217 Main St
Sold on Jun 18, 2010

1

Map

$377,330
● House - Off Market

217 Main St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,529 Ft²
$735,319
RealtyHop Estimate
101.57%
Since Jul 1, 2010
MA-Boston
Primary Model

About This Property

COMMUTERS DREAM-SHORT WALK TO OAK GROVE , COMMUTER RAIL & DOWNTOWN MELROSE!  Chic colors and stylish decor the moment you walk in the door, with ample room to entertain.  Hw flrs on 1st and 2nd flrs and a fabulous flow pattern. The liv.rm accented by decorative fp, open to ample din.rm with two built in cc.  Bathed in sunlight, front rm is perfect for office or toys! Kitchen beautifully updated with stainless pendant lighting, corner cupbrd, eating area and half bath. LL perfect for au pair!
Unit Size
2,529 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$144
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1935

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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 years ago (MLSPIN #71064918)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Oct 20, 2021 Listed $729,900
Listed
Jun 18, 2010 Sold
Premium
Sold
Apr 14, 2010 Listed $364,800
Listed
Jun 16, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 934
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 2,529
  • Gross Building Area: 2,890
  • Building Area: 2,529
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,529
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • 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:0000040
  • Municipality: MELROSE
  • Latitude: 42.4481
  • Longitude: -71.0678

    Address

  • Full Address: 217 Main St
  • Address - House Number: 217
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5232
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $795,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 932,383
  • High Value: 1,094,361
  • Low Value: 770,404

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $800,900
  • Assessed Land Value: $369,900
  • Assessed Improvements Value: $431,000

    Sales

  • Current Sale Contract Date: Dec 06, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 263306
  • Previous Sale Recording Date: Jun 18, 2010
  • Previous Sale Amount: $377,330
  • 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 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

2002 ft²

Average Home Age

53 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

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 years ago
Data Source: MLS PIN, MLS# 71064918

Frequently Asked Questions

When was property at 217 Main Street built and last sold?
The property at 217 Main Street was built in 1935 and last sold on Dec 6, 2021 for $790,000.
How much is this home worth?
The estimated value of the home located at 217 Main Street is $741,960.
What are some comparable homes to 217 Main Street?
There are currently no comparable homes to 217 Main Street.
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