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Melrose 02176 Wyoming
38 Frances St
$685,000
● House - Off Market

38 Frances St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,202 Ft²
$967,776
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

This beautiful Queen Anne Victorian built around the turn of the century is located on Frances Street in the highly sought after Wyoming neighborhood of Melrose. Within walking distance of Wyoming Hill Station, the bus stop for Oak Grove station, Lincoln elementary school, multiple parks & playgrounds, and 0.5 miles from Main Street Melrose. 38 Frances Street offers fantastic curb appeal, 10-foot ceilings in the kitchen, living room and dining room, beautiful woodwork throughout the entire home, a central vacuum system, and 3 separate heating zones with additional electric heating in the family room. All light fixtures and appliances to stay. Priced well below the average price per square foot in Melrose.
Unit Size
2,202 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$308
Property Type
House
Property Taxes
$617
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: 6 months ago (MLSPIN #72498421)

Price History

Date / Event Date Event Price
Jul 11, 2019 Sold
Premium
Sold
May 13, 2019 Listed by Compass $679,000
Listed by Compass

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • Exterior Walls Type: 18
  • 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: 894
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,202
  • Gross Building Area: 4,184
  • Building Area: 2,202
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,202
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 336402

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0B5 P:0000082
  • Municipality: MELROSE
  • Latitude: 42.4498
  • Longitude: -71.0723

    Address

  • Full Address: 38 Frances St
  • Address - House Number: 38
  • Address - Street Name: Frances
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C033
  • 4-Digit Zip Code: 4516
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $982,300

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 954,330
  • High Value: 1,162,086
  • Low Value: 746,574

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $989,200
  • Assessed Land Value: $445,500
  • Assessed Improvements Value: $543,700

    Sales

  • Current Sale Contract Date: Jul 09, 2019
  • Current Sale Recording Date: Jul 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 98133
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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1652 ft²

Average Home Age

96.8 years

Currently For Sale

10 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera
Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72498421

Frequently Asked Questions

When was property at 38 Frances Street built and last sold?
The property at 38 Frances Street was built in 1900 and last sold on Jul 9, 2019 for $685,000.
How much is this home worth?
The estimated value of the home located at 38 Frances Street is $701,173.
What are some comparable homes to 38 Frances Street?
There are currently no comparable homes to 38 Frances Street.
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