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Melrose 02176 Mount Hood
3 Maple Terrace
$690,000
● House - Off Market

3 Maple Terrace

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,101 Ft²
$1,044,229
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Split entry style single family home built in 1995, the interior of this charming home offers hardwood flooring, a large open concept kitchen with granite countertops & stainless steel appliances. The upper level offers 3 bedrooms & 2 baths, fire placed living room with skylights, and large family room with doors to a nice deck. The lower level is the perfect in-law suite with 2 bedrooms, full bath, kitchen, and large master bedroom has a walk in closet, bonus room could be a extra bedroom, exercise room, playroom, etc.. Laundry hook ups, two car garage, 2 car driveway.. Fenced in yard with an in-ground pool for your relaxing hot summer days and much more!
Unit Size
3,101 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$235
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1995

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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 #72508174)

Price History

Date / Event Date Event Price
Aug 1, 2019 Sold
Premium
Sold
May 29, 2019 Listed by AdoEma Realty, LLC $729,900
Listed by AdoEma Realty, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • 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: 1,938
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,333
  • Total Building Area: 2,907
  • Gross Building Area: 4,156
  • Building Area: 2,907
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,907
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 36069B
  • Land Acres: 0000000513
  • 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: SRA

Geography

  • Parcel: MELR M:0G3 P:000011C
  • Municipality: MELROSE
  • Latitude: 42.4436
  • Longitude: -71.0462

    Address

  • Full Address: 3 Maple Ter
  • Address - House Number: 3
  • Address - Street Name: Maple
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 6408
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $800,000

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 941,160
  • High Value: 1,085,401
  • Low Value: 796,918

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $805,600
  • Assessed Land Value: $413,900
  • Assessed Improvements Value: $391,700

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Aug 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1819514
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 Mount Hood

Stats & Trends

Median Asking:

$997,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2104 ft²

Average Home Age

107 years

Currently For Sale

2 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# 72508174

Frequently Asked Questions

When was property at 3 Maple Terrace built and last sold?
The property at 3 Maple Terrace was built in 1995 and last sold on Jul 17, 2019 for $658,000.
How much is this home worth?
The estimated value of the home located at 3 Maple Terrace is $731,522.
What are some comparable homes to 3 Maple Terrace?
There are currently no comparable homes to 3 Maple Terrace.
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