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Melrose 02176 Horace Mann
24 Elm Street
Photo of 24 Elm Street
Sold on Apr 22, 2009

1

Map

$390,000
● House - Off Market

24 Elm Street

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$903,616
RealtyHop Estimate
115.20%
Since May 1, 2009
MA-Boston
Primary Model

About This Property

Quality built home with unique style offering lots of space & period detail such as natural wood wainscoting, French doors & fireplace LR.Fantastic size kitchen & dining rm. A tremendous amount of closet space & two baths.Enjoy this very desirable Horace Mann location situated on a large level lot. Great yard for entertaining, gardening & relaxing on your private patio.Quiet neighborhood yet close to schools & transportation.Come visit & experience the charm, potential & quality for yourself.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$233
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1906

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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: 6 months ago (MLSPIN #70848458)

Price History

Date / Event Date Event Price
Nov 19, 2020 Sold
Premium
Sold
Oct 14, 2020 Listed $799,000
Listed
Apr 22, 2009 Sold
Premium
Sold
Nov 19, 2008 Listed $419,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,248
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,801
  • Total Building Area: 1,944
  • Gross Building Area: 3,774
  • Building Area: 1,944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,944
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000225
  • 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: 336202

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:E10 P:0000142
  • Municipality: MELROSE
  • Latitude: 42.4639
  • Longitude: -71.058

    Address

  • Full Address: 24 Elm St
  • Address - House Number: 24
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C019
  • 4-Digit Zip Code: 2304
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,032,200

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,281,769
  • High Value: 1,480,472
  • Low Value: 1,083,066

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,039,500
  • Assessed Land Value: $483,500
  • Assessed Improvements Value: $556,000

    Sales

  • Current Sale Contract Date: Nov 10, 2020
  • Current Sale Recording Date: Nov 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 217832
  • Previous Sale Recording Date: Apr 22, 2009
  • Previous Sale Amount: $390,000
  • 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 Horace Mann

Stats & Trends

Median Asking:

$892,450

Sale Price/ft²

$478

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2028 ft²

Average Home Age

65.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70848458

Frequently Asked Questions

When was property at 24 Elm Street built and last sold?
The property at 24 Elm Street was built in 1906 and last sold on Nov 10, 2020 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 24 Elm Street is $800,867.
What are some comparable homes to 24 Elm Street?
There are currently no comparable homes to 24 Elm Street.
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