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Melrose 02176 Mount Hood
39 Ridgewood
$465,000
● House - Off Market

39 Ridgewood

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,145 Ft²
$995,285
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Attractive raised ranch nestled on a lovely side street. This warm and inviting home holds an open kitchen, dining and family room measuring 25x22 The formal living room has a fireplace with hardwood floors along with the three bedrooms. The kitchen and main level baths have been updated and the home features central air on the main living level. Finished family room with a fireplace on first floor entrance including a full bath. Two car garage and a large tiered yard with patio area
Unit Size
2,145 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$224
Property Type
House
Property Taxes
$461
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 #71315522)

Price History

Date / Event Date Event Price
May 14, 2012 Sold
Premium
Sold
Nov 30, 2011 Listed by RE/MAX Heritage, LLC $480,000
Listed by RE/MAX Heritage, LLC
Nov 14, 2005 Sold
Premium
Sold
Sep 27, 2005 Listed by RE/MAX Heritage, LLC $529,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,092
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,098
  • Total Building Area: 1,986
  • Gross Building Area: 2,784
  • Building Area: 1,986
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,986
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • 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: 336300

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:0H9 P:0000019
  • Municipality: MELROSE
  • Latitude: 42.4595
  • Longitude: -71.0416

    Address

  • Full Address: 39 Ridgewood Ln
  • Address - House Number: 39
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 4208
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $796,700

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 911,439
  • High Value: 1,069,779
  • Low Value: 753,099

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,300
  • Assessed Land Value: $516,700
  • Assessed Improvements Value: $285,600

    Sales

  • Current Sale Recording Date: May 14, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000009
  • Previous Sale Recording Date: Nov 14, 2005
  • Previous Sale Amount: $525,000
  • 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 Mount Hood

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2591 ft²

Average Home Age

76.1 years

Currently For Sale

0 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: 5 months ago
Data Source: MLS PIN, MLS# 71315522

Frequently Asked Questions

When was property at 39 Ridgewood Lane built and last sold?
The property at 39 Ridgewood Lane was built in 1958 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 39 Ridgewood Lane is $465,506.
What are some comparable homes to 39 Ridgewood Lane?
There are currently no comparable homes to 39 Ridgewood Lane.
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