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Melrose 02176 Downtown Melrose
23 Cass St
$420,000
● House - Off Market

23 Cass St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,097 Ft²
$775,684
RealtyHop Estimate
82.56%
Since Feb 1, 2015
MA-Boston
Primary Model

About This Property

Spacious Victorian situated on great side street location! Offering four bedrooms and 2 fully remodeled baths with ceramic tile. Over-sized living room expands to dining room offering an open floor plan feel. Beautiful box window welcomes natural light into living room and master bedroom. Bonus finished room and expansion possibilities on the third floor. Solid bones with tons of potential! With updating, you could enjoy your dream kitchen. Updated roof, windows and furnace. 2 Car detached garage with updated electric. Fenced in back yard. Lots of extras including built in cabinet in dining room, wood floors, enclosed back porch and mudroom entrance!
Unit Size
2,097 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$203
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1916

Payment Calculator

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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 #71764209)

Price History

Date / Event Date Event Price
Jan 16, 2015 Sold
Premium
Sold
Nov 1, 2014 Listed by Advocate Realty Associates $424,900
Listed by Advocate Realty Associates
Sep 18, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,043
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,813
  • Total Building Area: 2,097
  • Gross Building Area: 4,078
  • Building Area: 2,097
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,097
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: URB

Geography

  • Parcel: MELR M:0D7 P:0000107
  • Municipality: MELROSE
  • Latitude: 42.4543
  • Longitude: -71.0607

    Address

  • Full Address: 23 Cass St
  • Address - House Number: 23
  • Address - Street Name: Cass
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 3924
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $678,800

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 817,069
  • High Value: 959,154
  • Low Value: 674,985

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,600
  • Assessed Land Value: $390,700
  • Assessed Improvements Value: $292,900

    Sales

  • Current Sale Recording Date: Jan 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7390
  • Previous Sale Recording Date: Sep 18, 2009
  • Previous Sale Amount: $350,000
  • 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 Downtown Melrose

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$520

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1601 ft²

Average Home Age

130.6 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: 5 months ago
Data Source: MLS PIN, MLS# 71764209

Frequently Asked Questions

When was property at 23 Cass Street built and last sold?
The property at 23 Cass Street was built in 1916 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 23 Cass Street is $465,720.
What are some comparable homes to 23 Cass Street?
There are currently no comparable homes to 23 Cass Street.
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