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Melrose 02176 Melrose East Side
26 Hillside Ave
$475,000
● House - Off Market

26 Hillside Ave

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,539 Ft²
$765,001
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Location, Location, Location "Diamond in the Rough" Great Opportunity for Builders, Contractors, and Handymen!  This solid Old-Style 2 1/2 story home has 10 rooms, 5 plus bedrooms, 3 full bathrooms, large living room, large dinning room, and eat in kitchen.  The roof is 15 yrs old and the oil tank, furnace, and hot water tank are 3 yrs old. This home has incredible potential. Close to center of town, commuter rail, public transportation, schools and golf courses.  Sold in "AS IS" condition. OPEN HOUSE Sat Nov 23, 11:30am - 2pm & Sun Nov 24, 12 - 2pm. Offers, if any, due Tuesday Nov 26 at 4pm. Won't Last!
Unit Size
2,539 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$157
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1875

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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 #71609980)

Price History

Date / Event Date Event Price
Jan 17, 2014 Sold
Premium
Sold
Nov 19, 2013 Listed by Coldwell Banker Residential Brokerage - Arlington $399,000
Listed by Coldwell Banker Residential Brokerage - Arlington

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 1,119
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,329
  • Total Building Area: 3,099
  • Gross Building Area: 4,412
  • Building Area: 3,099
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,099
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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:0D8 P:0000072
  • Municipality: MELROSE
  • Latitude: 42.4581
  • Longitude: -71.06

    Address

  • Full Address: 26 Hillside Ave
  • Address - House Number: 26
  • Address - Street Name: Hillside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C024
  • 4-Digit Zip Code: 3515
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,010,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 970,869
  • High Value: 1,182,226
  • Low Value: 759,513

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,017,400
  • Assessed Land Value: $465,800
  • Assessed Improvements Value: $551,600

    Sales

  • Current Sale Recording Date: Jan 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
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

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71609980

Frequently Asked Questions

When was property at 26 Hillside Avenue built and last sold?
The property at 26 Hillside Avenue was built in 1875 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 26 Hillside Avenue is $410,003.
What are some comparable homes to 26 Hillside Avenue?
There are currently no comparable homes to 26 Hillside Avenue.
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