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Melrose 02176 Downtown Melrose
3 Perham Ave
$285,000
● House - Off Market

3 Perham Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,501 Ft²
$624,637
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Ideal downtown commuter Melrose location, for bus rail and T!  "86-Very Walkable" Walk Score! With gleaming hardwd floors, this home flows beautifully from front hall to living and dining room and the kitchen.  All 3 bdrms have amazingly large closets for a 19th cent. home.  Office upstairs could easily convert to a half bath.  Virtually maintenance-free grounds yield freedom while allowing space for gardening and bbqs. Dining, reading or morning coffee perfect for spacious front porch.
Unit Size
1,501 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$200
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1880

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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 #71416901)

Price History

Date / Event Date Event Price
Oct 25, 2012 Sold
Premium
Sold
Aug 1, 2012 Listed by RE/MAX Heritage, LLC $299,900
Listed by RE/MAX Heritage, LLC
Aug 10, 2007 Sold
Premium
Sold
Apr 20, 2007 Listed by RE/MAX Heritage, LLC $299,900
Listed by RE/MAX Heritage, LLC
Nov 17, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 843
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,601
  • Total Building Area: 1,501
  • Gross Building Area: 2,642
  • Building Area: 1,501
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000060
  • 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:0D7 P:0000102
  • Municipality: MELROSE
  • Latitude: 42.4541
  • Longitude: -71.0602

    Address

  • Full Address: 3 Perham Ave
  • Address - House Number: 3
  • Address - Street Name: Perham
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 3906
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $534,800

    Appraisal Valuation

  • Standard Deviation: 0.2428
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 703,310
  • High Value: 874,094
  • Low Value: 532,526

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,600
  • Assessed Land Value: $263,900
  • Assessed Improvements Value: $274,700

    Sales

  • Current Sale Recording Date: Oct 25, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000023
  • Previous Sale Recording Date: Aug 10, 2007
  • Previous Sale Amount: $279,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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# 71416901

Frequently Asked Questions

When was property at 3 Perham Avenue built and last sold?
The property at 3 Perham Avenue was built in 1880 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 3 Perham Avenue is $301,822.
What are some comparable homes to 3 Perham Avenue?
There are currently no comparable homes to 3 Perham Avenue.
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