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Melrose 02176 Melrose Highlands
33 Richardson Road
$480,000
● House - Off Market

33 Richardson Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$915,787
RealtyHop Estimate
83.19%
Since Feb 1, 2005
MA-Boston
Primary Model

About This Property

Large Victorian/Colonial set on nice level lot located on beautiful tree lined street in the heart of  desired Melrose Highlands.  Nice size foyer with French doors to livingroom. Beamed ceilings and wall sconces. Formal dining room has built in China cabinet. Eat in kitchen has wood cabinets, half ceramic tile walls and mudroom. Pantry has laundry hook up.  Walk up 3rd floor with 2 more heated rooms. Roof 2000. 2 car det. garage. This home has many more features call office for showings
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$250
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1900

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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 #70087098)

Price History

Date / Event Date Event Price
Jan 3, 2005 Sold
Premium
Sold
Sep 8, 2004 Listed by Brad Hutchinson Real Estate $499,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,459
  • Total Building Area: 2,403
  • Gross Building Area: 4,121
  • Building Area: 2,403
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,403
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:C13 P:0000054
  • Municipality: MELROSE
  • Latitude: 42.4701
  • Longitude: -71.0648

    Address

  • Full Address: 33 Richardson Rd
  • Address - House Number: 33
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C035
  • 4-Digit Zip Code: 1220
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $825,800

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,006,510
  • High Value: 1,182,005
  • Low Value: 831,015

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $831,600
  • Assessed Land Value: $518,700
  • Assessed Improvements Value: $312,900

    Sales

  • Current Sale Recording Date: Jan 03, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 354
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 Melrose Highlands

Stats & Trends

Median Asking:

$739,450

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3139 ft²

Average Home Age

85.6 years

Currently For Sale

5 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# 70087098

Frequently Asked Questions

When was property at 33 Richardson Road built and last sold?
The property at 33 Richardson Road was built in 1900 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 33 Richardson Road is $519,142.
What are some comparable homes to 33 Richardson Road?
There are currently no comparable homes to 33 Richardson Road.
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