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Melrose 02176 Horace Mann
38 Cranmore Ln
Photo of 38 Cranmore Ln
Sold on May 15, 2026

18

Map

Photo of 38 Cranmore Ln
Photo of 38 Cranmore Ln
$1,125,000
● House - Off Market

38 Cranmore Ln

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,506 Ft²
$5,871
Est. Monthly

About This Property

Sunny and spacious multi-level home offering 4 bedrooms and 2 full baths, including a primary en-suite. This beautifully maintained property features central air, hardwood floors, and two wood-burning fireplaces for added warmth and charm. The versatile first-floor room can serve as a fourth bedroom or an inviting family room. The main level includes a bright living room, formal dining room, sunroom, three bedrooms, and two full bathrooms. Additional highlights include a 2-car attached garage, large yard, and storage shed, perfect for outdoor living and convenience. Ideally located on a quiet side street, this immaculate home has been thoughtfully updated and lovingly cared for.  All of this in quaint Melrose, only 7 miles North of Boston with both the MBTA & commuter rail.
Unit Size
2,506 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$423
Property Type
House
Property Taxes
$671
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #73491045)

Price History

Date / Event Date Event Price
May 15, 2026 Sold
Premium
Sold
Mar 31, 2026 In contract -
In contract
Mar 24, 2026 Listed by Barrett Sotheby's International Realty $1,059,000
Listed by Barrett Sotheby's International Realty
Dec 30, 1996 Sold
Premium
Sold
Oct 16, 1996 Listed by Barrett Sotheby's International Realty $219,900
Listed by Barrett Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 585
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,235
  • Total Building Area: 1,971
  • Gross Building Area: 2,913
  • Building Area: 1,971
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,971
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTERN SLOPES
  • Land Acres: 0000000212
  • 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:E13 P:0000103
  • Municipality: MELROSE
  • Latitude: 42.4708
  • Longitude: -71.0534

    Address

  • Full Address: 38 Cranmore Ln
  • Address - House Number: 38
  • Address - Street Name: Cranmore
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Melrose
  • Carrier Code: C004
  • 4-Digit Zip Code: 1507
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $807,200

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 906,396
  • High Value: 1,062,834
  • Low Value: 749,957

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $812,900
  • Assessed Land Value: $496,900
  • Assessed Improvements Value: $316,000

    Sales

  • Current Sale Recording Date: Dec 30, 1996
  • Current Sale Price:
    Premium
  • Current 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:

$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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73491045

Frequently Asked Questions

When was property at 38 Cranmore Lane built and last sold?
The property at 38 Cranmore Lane was built in 1958 and last sold on Jan 1, 1970 for $216,000.
How much is this home worth?
The estimated value of the home located at 38 Cranmore Lane is $0.
What are some comparable homes to 38 Cranmore Lane?
There are currently no comparable homes to 38 Cranmore Lane.
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