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Woburn 01801 Shakerhill
3 Melo Rd
$659,000
● House - Off Market

3 Melo Rd

Woburn, MA 01801
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,650 Ft²
$599,392
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Quaint and cared-for Ranch in wonderful West Woburn neighborhood located near Lexington line. Enjoy the bright and airy sun-room lit by wrap-around Andersen windows. Newer central air and furnace. Granite kitchen tops. Hardwood floors upstairs with new high-quality vinyl plank in lower level. Cedar closet. Enjoy summer cookouts in your tranquil neighborhood backyard. Energy efficient Solar Panels complete this property! Why waste money paying high taxes and exorbitant condo fees in other towns? Experience the best of Woburn's famously low cost of living and close-to-Boston location right here!
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$358
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1954

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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 #72972072)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Apr 27, 2022 Listed by Coldwell Banker Realty - Winchester $589,900
Listed by Coldwell Banker Realty - Winchester

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 11
  • 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: 6
  • Basement Area: 984
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,723
  • Total Building Area: 1,152
  • Gross Building Area: 2,213
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000292
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Woburn School District
  • School Tax School District: WOBURN SD
  • Census Tract: 333100

Zoning

  • Zoning: R-1

Geography

  • Account Number: 416828453038 0
  • Parcel: WOBU M:77 B:13 L:11 U:00
  • Block: 13
  • Lot: 11
  • Municipality: WOBURN
  • Latitude: 42.4553
  • Longitude: -71.1925

    Address

  • Full Address: 3 Melo Rd
  • Address - House Number: 3
  • Address - Street Name: Melo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Woburn
  • Carrier Code: C041
  • 4-Digit Zip Code: 6117
  • Zip Code: 01801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $482,400

    Appraisal Valuation

  • Standard Deviation: 0.1557
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 692,253
  • High Value: 800,086
  • Low Value: 584,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,500
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 1915981
  • Previous Sale Recording Date: Apr 03, 2004
  • Previous Sale Document Type: 48
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 Shakerhill

Stats & Trends

Median Asking:

$1,099,000

Sale Price/ft²

$468

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3228 ft²

Average Home Age

48.3 years

Currently For Sale

16 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 2 Littles Brook Court, Burlington, MA, 01803

$3,380 /mo

  • 2 Beds
  • 2 Baths
  • 1,114 ft²
2 Littles Brook Court #Dover, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72972072

Frequently Asked Questions

When was property at 3 Melo Road built and last sold?
The property at 3 Melo Road was built in 1954 and last sold on Jun 10, 2022 for $659,000.
How much is this home worth?
The estimated value of the home located at 3 Melo Road is $608,124.
What are some comparable homes to 3 Melo Road?
There are currently no comparable homes to 3 Melo Road.
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