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Melrose 02176 Melrose East Side
237 North Forest St
$365,000
● House - Off Market

237 North Forest St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$659,836
RealtyHop Estimate
76.00%
Since Jul 1, 2005
MA-Boston
Primary Model

About This Property

Here is a perfect starter Cape ready for your remodeling! A pretty living room offers oak floor, fireplace, bow window, ceiling fan, an in-wall air conditioner.  There is a formal dining room, eat-in kitchen with ceramic tile backsplash, in wall air conditioner and access to a side porch and a nice deck.. Additional features include natural woodwork, garage under, great rear yard, eave storage, newer Weil Mclain boiler and an alarm system.  All this and a quiet side street too!!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$298
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
1955

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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 #70175614)

Price History

Date / Event Date Event Price
Jun 17, 2005 Sold
Premium
Sold
Apr 18, 2005 Listed by Century 21 Sexton & Donohue $374,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 720
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,260
  • Gross Building Area: 2,488
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000131
  • 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:0E5 P:0000053
  • Municipality: MELROSE
  • Latitude: 42.4492
  • Longitude: -71.055

    Address

  • Full Address: 237 N Forest St
  • Address - House Number: 237
  • Street Direction: N
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C018
  • 4-Digit Zip Code: 5519
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,000

    Appraisal Valuation

  • Standard Deviation: 0.2428
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 675,999
  • High Value: 840,151
  • Low Value: 511,848

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $609,300
  • Assessed Land Value: $400,700
  • Assessed Improvements Value: $208,600

    Sales

  • Current Sale Recording Date: Jun 17, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00125503
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:

$934,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1976 ft²

Average Home Age

93.5 years

Currently For Sale

6 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# 70175614

Frequently Asked Questions

When was property at 237 North Forest Street built and last sold?
The property at 237 North Forest Street was built in 1955 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 237 North Forest Street is $391,755.
What are some comparable homes to 237 North Forest Street?
There are currently no comparable homes to 237 North Forest Street.
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