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Melrose 02176 Horace Mann
32 Albert Street
$385,000
● House - Off Market

32 Albert Street

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,228 Ft²
$624,581
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Calling all contractors!  This is truly a diamond in the rough!  Needs a considerable amount of work, but offers a fantastic large level lot in a great neighborhood setting.  Good potential for additional living space on 2nd floor and in LL.  House is being sold AS-IS.  Any offers due Tuesday 5/12, 5pm.  Please allow 24-48 hrs for response.
Unit Size
2,228 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$162
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71833619)

Price History

Date / Event Date Event Price
Jul 31, 2015 Sold
Premium
Sold
May 10, 2015 Listed by Brad Hutchinson Real Estate $360,000
Listed by Brad Hutchinson Real Estate
Nov 1, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,098
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 2,235
  • Gross Building Area: 3,574
  • Building Area: 2,235
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,235
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 15518 E
  • Land Acres: 0000000165
  • 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: 336202

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:E11 P:0000050
  • Municipality: MELROSE
  • Latitude: 42.4656
  • Longitude: -71.0569

    Address

  • Full Address: 32 Albert St
  • Address - House Number: 32
  • Address - Street Name: Albert
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C019
  • 4-Digit Zip Code: 2409
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $804,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,005,505
  • High Value: 1,170,934
  • Low Value: 840,077

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $810,100
  • Assessed Land Value: $470,200
  • Assessed Improvements Value: $339,900

    Sales

  • Current Sale Recording Date: Jul 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1706616
  • Previous Sale Recording Date: Nov 01, 1994
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 43
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 Horace Mann

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$477

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2945 ft²

Average Home Age

-

Currently For Sale

7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71833619

Frequently Asked Questions

When was property at 32 Albert Street built and last sold?
The property at 32 Albert Street was built in 1953 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 32 Albert Street is $400,186.
What are some comparable homes to 32 Albert Street?
There are currently no comparable homes to 32 Albert Street.
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