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Melrose 02176 Melrose East Side
357 Porter St
$771,000
● House - Off Market

357 Porter St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,963 Ft²
$882,286
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

Much loved home looking for it's next family to love and care for her as this family has. Why buy someone else's dream home? 357 Porter has a architectural shingled roof,updated electric, most newer windows and vinyl siding. A newer generator to make sure NE weather never shuts you down! 3 mini split cooling systems as well. 4 corner spacious bedrooms & one full bath complete the upstairs with plenty of storage. Bring your thoughts of a dream kitchen/bath and floor plan. Updating the interior will complete this home's value and maybe add some extra equity! Don't let this opportunity pass you buy! This solid well cared for home will have Showings starting at Open houses from 12-2 on 10/3 and 10/4
Unit Size
1,963 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$351
Property Type
House
Property Taxes
$717
HOA Dues
-
Year Built
2021

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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 years ago (MLSPIN #72731589)

Price History

Date / Event Date Event Price
Nov 3, 2020 Sold
Premium
Sold
Sep 29, 2020 Listed by Century 21 Sexton & Donohue $689,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,670
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,569
  • Total Building Area: 6,296
  • Gross Building Area: 8,564
  • Building Area: 6,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 6,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000312
  • 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: 336201

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:G10 P:0000054
  • Municipality: MELROSE
  • Latitude: 42.4631
  • Longitude: -71.0454

    Address

  • Full Address: 357 Porter St
  • Address - House Number: 357
  • Address - Street Name: Porter
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C009
  • 4-Digit Zip Code: 2932
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,390,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,793,246
  • High Value: 2,071,239
  • Low Value: 1,515,253

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,400,100
  • Assessed Land Value: $547,100
  • Assessed Improvements Value: $853,000

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 204019
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 East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$453

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2223 ft²

Average Home Age

100.7 years

Currently For Sale

9 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 years ago
Data Source: MLS PIN, MLS# 72731589

Frequently Asked Questions

When was property at 357 Porter Street built and last sold?
The property at 357 Porter Street was built in 2021 and last sold on Nov 2, 2020 for $771,000.
How much is this home worth?
The estimated value of the home located at 357 Porter Street is $719,644.
What are some comparable homes to 357 Porter Street?
There are currently no comparable homes to 357 Porter Street.
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