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Melrose 02176 Horace Mann
37 Lovell Road
$535,000
● House - Off Market

37 Lovell Road

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,788 Ft²
$1,082,271
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Beautiful 8rm,3bdrm Colonial located on a picture perfect tree-lined street. This home has it all. The curb appeal is impeccable! Brand new 2 car garage, shed, and a manicured backyard! Hardwood floors, gorgeous gumwood woodwork, and fireplace LR. This home has a first floor family room, updated kitchen, new windows All the bedrooms are great size! Huge full bath with a Jacuzzi tub & stand up shower. There are 2 finished rooms in the LL. Top of the line boiler & Central Air. This is a must see!
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$299
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1931

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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: 6 months ago (MLSPIN #71389782)

Price History

Date / Event Date Event Price
Jul 20, 2012 Sold
Premium
Sold
May 31, 2012 Listed by Century 21 Sexton & Donohue $535,000
Listed by Century 21 Sexton & Donohue

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 9
  • Basement Area: 1,034
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,630
  • Total Building Area: 2,773
  • Gross Building Area: 3,552
  • Building Area: 2,773
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,773
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: URA

Geography

  • Parcel: MELR M:D13 P:0000114
  • Municipality: MELROSE
  • Latitude: 42.4706
  • Longitude: -71.0594

    Address

  • Full Address: 37 Lovell Rd
  • Address - House Number: 37
  • Address - Street Name: Lovell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C022
  • 4-Digit Zip Code: 1301
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $929,200

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,122,670
  • High Value: 1,318,419
  • Low Value: 926,921

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $935,700
  • Assessed Land Value: $399,500
  • Assessed Improvements Value: $536,200

    Sales

  • Current Sale Recording Date: Jul 20, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 150550
  • Previous Sale Recording Date: Jul 20, 2012
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: 27
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:

$892,450

Sale Price/ft²

$478

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2028 ft²

Average Home Age

65.8 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: 6 months ago
Data Source: MLS PIN, MLS# 71389782

Frequently Asked Questions

When was property at 37 Lovell Road built and last sold?
The property at 37 Lovell Road was built in 1931 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 37 Lovell Road is $562,617.
What are some comparable homes to 37 Lovell Road?
There are currently no comparable homes to 37 Lovell Road.
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