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Melrose 02176 Downtown Melrose
29 Leonard Road
$435,000
● House - Off Market

29 Leonard Road

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,129 Ft²
$941,809
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

Deceivingly spacious! Smashing over-sized granite kit and large MBR make this home particularly appealing for those who want fantastic space.  Gleaming hardwood floors.  Formal living and dining rooms make for great entertaining space.  Amazing finished lower level game room & den could also work well for au pair or guests - lower level also features updated full bath.  Decorative lighting for fence and deck.  Located in the downtown ring, walk to shops, train, bus, YMCA, schools & restaurants.
Unit Size
2,129 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$204
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1937

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71310361)

Price History

Date / Event Date Event Price
Dec 13, 2011 Sold
Premium
Sold
Nov 11, 2011 Listed by RE/MAX Heritage, LLC $435,000
Listed by RE/MAX Heritage, LLC
Apr 9, 2001 Sold
Premium
Sold
Jan 29, 1999 Sold
Premium
Sold
Nov 19, 1998 Listed $258,000
Listed
THIS SPACIOUS COLONIAL WITH FULL IN-LAW IS PERFECT FOR THE EXTENDED FAMILY! BEAUTIFUL CHERRY KIT, FORMAL DR W/BUILT IN, FIREPLACED LR WITH 3 LARGE BEDROOMS ALL ON A QUIET ONE-WAY STREET.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,205
  • Total Building Area: 2,675
  • Gross Building Area: 3,406
  • Building Area: 2,675
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,675
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000119
  • 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: URB

Geography

  • Parcel: MELR M:0C7 P:0000126
  • Municipality: MELROSE
  • Latitude: 42.4539
  • Longitude: -71.0639

    Address

  • Full Address: 29 Leonard Rd
  • Address - House Number: 29
  • Address - Street Name: Leonard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 3914
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $775,100

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 905,223
  • High Value: 1,044,629
  • Low Value: 765,818

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $780,600
  • Assessed Land Value: $392,400
  • Assessed Improvements Value: $388,200

    Sales

  • Current Sale Recording Date: Dec 13, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000022
  • Previous Sale Recording Date: Apr 09, 2001
  • Previous Sale Amount: $335,000
  • 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 Downtown Melrose

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1768 ft²

Average Home Age

127.8 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: 4 months ago
Data Source: MLS PIN, MLS# 71310361

Frequently Asked Questions

When was property at 29 Leonard Road built and last sold?
The property at 29 Leonard Road was built in 1937 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 29 Leonard Road is $440,149.
What are some comparable homes to 29 Leonard Road?
There are currently no comparable homes to 29 Leonard Road.
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