$335,000
●
Condo -
Off Market
314 Main St #7
Melrose, MA 02176
3 Beds
2 Baths
1,406 Ft²
$682,037
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model
About This Property
SHORT SALE: PRE-APPROVED LIST PRICE BY LENDER. Exquisite top floor,
corner unit with unparalleled old world charm.Step out side your
door to downtown Melrose shopping,coffee shops, restaurants, buses,
commuter rail. Literally minutes away. 2 deeded prkg
spaces. The interior and exterior charm, architecture and
condition of this magnificent building is apparent at first sight.
A must see. Open concept floor plan, gourmet kitchen,
granite counter tops, skylights.
Unit Size
1,406 Ft²
Days on Market
-
Land Size
-
Price per sqft
$238
Property Type
Condo
Property Taxes
$342
HOA Dues
$445
Year Built
-
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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: 6 months ago (MLSPIN #71332821)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2012 | Sold | ||
| Sold | |||
| Jan 31, 2012 | Listed by EXIT Realty Beatrice Associates | $335,000 | |
| Listed by EXIT Realty Beatrice Associates | |||
| | |||
|
SHORT SALE: PRE-APPROVED LIST PRICE BY LENDER. Exquisite top floor, corner unit with unparalleled old world charm.Step out side your door to downtown Melrose shopping,coffee shops, restaurants, buses, commuter rail. Literally minutes away. 2 deeded prkg spaces. The interior and exterior charm, architecture and condition of this magnificent building is apparent at first sight. A must see. Open concept floor plan, gourmet kitchen, granite counter tops, skylights.
| |||
| Aug 30, 2005 | Sold | ||
| Sold | |||
| May 17, 2005 | Listed | $407,500 | |
| Listed | |||
 | |||
|
Here is your chance to own a condo that boasts the charm of the 1900’s! Beautiful nat. woodwork, pillars and a stain. glass wind. in the foyer. This top flr. unit has high ceil. The 3 Brs have tin ceilings. Enjoy the openness of the LR, DR. and kit. This gourmet kit. incl. granite count tops, stainless steel appl., maple cabs, crown mold. skylight and h.w. flrs.Lots of stor. in the unit, base. and roof. Only unit w/ stor. on the roof. Relax and enjoy the beaut. sunsets on your priv. back porch
| |||
| Jan 28, 2002 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Elevator
Air Conditioning
Interior Details
Full Bathrooms: 2
Flooring Type: Wood
Laundry Features: Fourth Floor
Rooms: 6
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1406
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1900
Building Name: Melrose Crossing Condominium: Colonial
Building Area Total: 1406
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $329,200
Tax Annual Amount: $4,102
Utilities Details
Cooling Type: Central Air
Heating Type: Steam, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Elevator(s)
HOA Fee: $445
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/06/2020
|
3 Bed
|
1 Bath
|
1234 ft²
|
$500,000
3 Bed
1 Bath
1234 ft²
|
$520,000
+4.00%
08/18/2020
|
Ruocco Group-LPT
Cameron Real Estate Group
| |
|
09/21/2018
|
3 Bed
|
1 Bath
|
1234 ft²
|
-
3 Bed
1 Bath
1234 ft²
|
-
-
|
-
| |
|
08/31/2016
|
3 Bed
|
2 Bath
|
1378 ft²
|
$424,900
3 Bed
2 Bath
1378 ft²
|
$424,900
11/10/2016
|
Robert Rose
Coldwell Banker Realty - Winchester
| |
|
02/11/2015
|
3 Bed
|
1 Bath
|
1234 ft²
|
$350,000
3 Bed
1 Bath
1234 ft²
|
$337,500
-3.57%
03/26/2015
|
Crystal Stevens
RE/MAX Leading Edge
| |
|
01/31/2012
|
3 Bed
|
2 Bath
|
1406 ft²
|
$335,000
3 Bed
2 Bath
1406 ft²
|
$335,000
08/17/2012
|
Joe DiMeo
DiMeo Realty Group
| |
|
04/29/2009
|
3 Bed
|
2 Bath
|
1378 ft²
|
$337,000
3 Bed
2 Bath
1378 ft²
|
$335,000
-0.59%
08/03/2009
|
Elizabeth Darby
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
01/16/2007
|
3 Bed
|
2 Bath
|
1406 ft²
|
$349,900
3 Bed
2 Bath
1406 ft²
|
$349,900
04/04/2007
|
Edie Previdi
Century 21 Commonwealth
| |
|
01/17/2006
|
2 Bed
|
2 Bath
|
1540 ft²
|
$389,900
2 Bed
2 Bath
1540 ft²
|
$380,000
-2.54%
07/19/2006
|
Melanie Akerblom-Horne
Premier Realty Group, Inc.
| |
|
06/02/2005
|
3 Bed
|
1 Bath
|
1234 ft²
|
$365,000
3 Bed
1 Bath
1234 ft²
|
$350,000
-4.11%
12/15/2005
|
Mindy Widtfeldt
Coldwell Banker Realty - Lexington
| |
|
05/17/2005
|
3 Bed
|
2 Bath
|
1406 ft²
|
$407,500
3 Bed
2 Bath
1406 ft²
|
$402,500
-1.23%
08/30/2005
|
Edie Previdi
Century 21 Commonwealth
| |
|
03/22/2005
|
3 Bed
|
2 Bath
|
1378 ft²
|
$379,900
3 Bed
2 Bath
1378 ft²
|
$374,000
-1.55%
08/05/2005
|
Cathy Paolillo
Coldwell Banker Realty - Lexington
| |
|
02/25/2005
|
3 Bed
|
2 Bath
|
1378 ft²
|
$385,000
3 Bed
2 Bath
1378 ft²
|
$377,500
-1.95%
06/02/2005
|
Margaret Kleven
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
07/29/2003
|
2 Bed
|
2 Bath
|
1540 ft²
|
$369,900
2 Bed
2 Bath
1540 ft²
|
$365,000
-1.32%
09/30/2003
|
Alexander Zedros
Century 21 Sexton & Donohue
| |
|
05/11/2003
|
3 Bed
|
2 Bath
|
1378 ft²
|
$349,900
3 Bed
2 Bath
1378 ft²
|
$344,000
-1.69%
07/14/2003
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
08/04/2001
|
3 Bed
|
-
|
9999 ft²
|
$339,900
3 Bed
-
9999 ft²
|
$336,000
-1.15%
05/22/2002
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
08/04/2001
|
3 Bed
|
2 Bath
|
1378 ft²
|
$324,900
3 Bed
2 Bath
1378 ft²
|
$316,000
-2.74%
05/06/2002
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
06/01/2001
|
3 Bed
|
-
|
1378 ft²
|
$309,900
3 Bed
-
1378 ft²
|
$306,000
-1.26%
02/25/2002
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
06/01/2001
|
3 Bed
|
2 Bath
|
1406 ft²
|
$339,900
3 Bed
2 Bath
1406 ft²
|
$335,000
-1.44%
12/11/2002
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
05/04/2001
|
3 Bed
|
-
|
1540 ft²
|
$289,900
3 Bed
-
1540 ft²
|
$277,000
-4.45%
01/10/2002
|
Bill Donohue
Century 21 Sexton & Donohue
| |
|
05/04/2001
|
3 Bed
|
-
|
1406 ft²
|
$354,900
3 Bed
-
1406 ft²
|
$358,500
+1.01%
01/28/2002
|
Bill Donohue
Century 21 Sexton & Donohue
|
Building Info
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