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Melrose 02176 Oak Grove - Pine Banks
239 Main Street
$330,000
● House - Off Market

239 Main Street

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,650 Ft²
$683,579
RealtyHop Estimate
101.11%
Since Feb 1, 2004
MA-Boston
Primary Model

About This Property

DIAMOND IN THE ROUGH FOUR BEDROOM COLONIAL/SPACIOUS ROOMS FP LIVING ROOM ORIGINAL WOODWORK 1ST FL FAMILY ROOM INLAW POTENTIAL 2 KITCHENS,2 BATHS GREAT COMMUTER LOCATION WALK TO CENTER NEEDS TLC
Unit Size
2,650 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$128
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1935

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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 #30796654)

Price History

Date / Event Date Event Price
Mar 11, 2021 Sold
Premium
Sold
Aug 10, 2020 Listed by Prudential Preferred Realty $799,900
Listed by Prudential Preferred Realty
Jan 28, 2004 Sold
Premium
Sold
Dec 12, 2003 Listed by Prudential Preferred Realty $339,900
Listed by Prudential Preferred Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,104
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,443
  • Total Building Area: 3,350
  • Gross Building Area: 4,472
  • Building Area: 3,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,350
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Melrose School District
  • School Tax School District: MELROSE SD
  • Census Tract: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0C5 P:0000031
  • Municipality: MELROSE
  • Latitude: 42.4489
  • Longitude: -71.0678

    Address

  • Full Address: 239 Main St
  • Address - House Number: 239
  • 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: $839,900

    Appraisal Valuation

  • Standard Deviation: 0.1794
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 1,020,276
  • High Value: 1,203,347
  • Low Value: 837,206

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $845,800
  • Assessed Land Value: $369,600
  • Assessed Improvements Value: $476,200

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54450
  • Previous Sale Recording Date: Jan 28, 2004
  • Previous Sale Amount: $330,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$850,000

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1975 ft²

Average Home Age

40.2 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 30796654

Frequently Asked Questions

When was property at 239 Main Street built and last sold?
The property at 239 Main Street was built in 1935 and last sold on Mar 11, 2021 for $840,000.
How much is this home worth?
The estimated value of the home located at 239 Main Street is $793,318.
What are some comparable homes to 239 Main Street?
There are currently no comparable homes to 239 Main Street.
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