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Melrose 02176 Melrose East Side
229 Laurel St
$670,000
● House - Off Market

229 Laurel St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$1,084,275
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

Completely gutted and renovated 4 bedroom home on the east side of Melrose.  This home offers a brand new kitchen with high end cabinetry, granite counters, stainless appliances, deck off of back and central a/c.  Open concept living/dining area, brand new hardwood floor throughout the entire home.  Second floor offers four bedrooms, one of which is a large master with en-suite.  Brand new plumbing, electrical and furnace.  First showing will be this Sunday, September 20th from 12:00-2:00.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$310
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #71906189)

Price History

Date / Event Date Event Price
Nov 24, 2015 Sold
Premium
Sold
Sep 17, 2015 Listed by Lakewalk Properties, Inc. $619,000
Listed by Lakewalk Properties, Inc.
Nov 10, 2014 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,037
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,588
  • Total Building Area: 2,121
  • Gross Building Area: 4,189
  • Building Area: 2,121
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,121
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • 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:0G7 P:0000116
  • Municipality: MELROSE
  • Latitude: 42.4561
  • Longitude: -71.047

    Address

  • Full Address: 229 Laurel St
  • Address - House Number: 229
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C015
  • 4-Digit Zip Code: 4100
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $947,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,072,271
  • High Value: 1,259,233
  • Low Value: 885,310

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $954,100
  • Assessed Land Value: $430,500
  • Assessed Improvements Value: $523,600

    Sales

  • Current Sale Recording Date: Nov 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 200795
  • Previous Sale Recording Date: Nov 10, 2014
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: O
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:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1893 ft²

Average Home Age

91.6 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71906189

Frequently Asked Questions

When was property at 229 Laurel Street built and last sold?
The property at 229 Laurel Street was built in 1900 and last sold on Jan 1, 1970 for $670,000.
How much is this home worth?
The estimated value of the home located at 229 Laurel Street is $646,016.
What are some comparable homes to 229 Laurel Street?
There are currently no comparable homes to 229 Laurel Street.
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