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Melrose 02176 Melrose East Side
25 Sharon Rd
$445,000
● House - Off Market

25 Sharon Rd

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,466 Ft²
$837,764
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

If you have been waiting for a Ranch style home in Melrose, this could be the one for you! Located in the popular Upham Park area, this home offers beautiful hardwood floors, fireplaces in the living room and family room, inviting heated sun room overlooking the patio area, newer windows in bedrooms and bath, spacious basement with walk-in cedar closet and three year old roof. Great opportunity!
Unit Size
1,466 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$314
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1950

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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: 4 months ago (MLSPIN #71745789)

Price History

Date / Event Date Event Price
Dec 9, 2014 Sold
Premium
Sold
Sep 19, 2014 Listed by Century 21 Commonwealth $459,900
Listed by Century 21 Commonwealth
Feb 14, 1991 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,286
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,433
  • Total Building Area: 2,109
  • Gross Building Area: 3,060
  • Building Area: 2,109
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,109
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • 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: SRB

Geography

  • Parcel: MELR M:0G9 P:0000085
  • Municipality: MELROSE
  • Latitude: 42.4611
  • Longitude: -71.045

    Address

  • Full Address: 25 Sharon Rd
  • Address - House Number: 25
  • Address - Street Name: Sharon
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 3409
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,600

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 899,625
  • High Value: 1,045,900
  • Low Value: 753,350

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $761,900
  • Assessed Land Value: $518,600
  • Assessed Improvements Value: $243,300

    Sales

  • Current Sale Recording Date: Dec 09, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 188609
  • Previous Sale Recording Date: Feb 14, 1991
  • Previous Sale Amount: $208,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2223 ft²

Average Home Age

100.7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71745789

Frequently Asked Questions

When was property at 25 Sharon Road built and last sold?
The property at 25 Sharon Road was built in 1950 and last sold on Jan 1, 1970 for $445,000.
How much is this home worth?
The estimated value of the home located at 25 Sharon Road is $473,414.
What are some comparable homes to 25 Sharon Road?
There are currently no comparable homes to 25 Sharon Road.
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