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Melrose 02176 Downtown Melrose
3 Cass Street
$600,000
● House - Off Market

3 Cass Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,145 Ft²
$607,932
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Lovely 3 bedroom Colonial with enclosed front porch, large kitchen & master. 2 zone FHW/gas heating system & thermos windows. Perfect to add your own touches or just leave as is. Commuters will love the proximity to public transportation and major highways. Located in a nice neighborhood, steps to schools, parks and downtown and all that Melrose has to offer, Restaurants, YMCA, Transportation & Churches. Some newer updates are: roof & chimney (8 yrs), HW heater & Kitchen floor (1 day), Pine floors refinished, 100 amp CB electric panel, fence & stone patio, bath, vanity & tile floor, ceiling in master bedroom & dining room. Mass Saves insulated attic. Lots of good storage in LL with shelving. Quiet side street.
Unit Size
1,145 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$524
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1900

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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 #72964754)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Apr 8, 2022 Listed by Century 21 Sexton & Donohue $599,900
Listed by Century 21 Sexton & Donohue
Oct 31, 2012 Sold
Premium
Sold
Sep 11, 2012 Listed by Century 21 Sexton & Donohue $259,000
Listed by Century 21 Sexton & Donohue
Jun 16, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 639
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,548
  • Total Building Area: 1,145
  • Gross Building Area: 2,274
  • Building Area: 1,145
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,145
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000058
  • 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:0D6 P:0000157
  • Municipality: MELROSE
  • Latitude: 42.4536
  • Longitude: -71.0606

    Address

  • Full Address: 3 Cass St
  • Address - House Number: 3
  • Address - Street Name: Cass
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 3924
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $504,100

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 572,617
  • High Value: 664,408
  • Low Value: 480,825

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $507,700
  • Assessed Land Value: $258,700
  • Assessed Improvements Value: $249,000

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72121
  • Previous Sale Recording Date: Oct 31, 2012
  • Previous Sale Amount: $255,000
  • Previous 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 Downtown Melrose

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$520

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: 5 months ago
Data Source: MLS PIN, MLS# 72964754

Frequently Asked Questions

When was property at 3 Cass Street built and last sold?
The property at 3 Cass Street was built in 1900 and last sold on May 13, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 3 Cass Street is $592,560.
What are some comparable homes to 3 Cass Street?
There are currently no comparable homes to 3 Cass Street.
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