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$193,000
● Condo - Off Market

39 Vine #2

Melrose, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
802 Ft²
$475,921
RealtyHop Estimate
138.08%
Since Apr 1, 2003
National-US
Primary Model

About This Property

CHARM AND CLASS WITH HARDWOOD FLOORS AND BEAUTIFUL WOODWORK.  EXCELLENT CONDITION, READY TO MOVE IN. NEAR  TRAINS, BUS AND DOWNTOWN. PERFECT LOCATION. NEW DISHWASHER AND REFRIGERATOR. NO PETS.
Unit Size
802 Ft²
Days on Market
-
Land Size
-
Price per sqft
$249
Property Type
Condo
Property Taxes
$160
HOA Dues
$125
Year Built
-

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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 #30678439)

Price History

Date / Event Date Event Price
Mar 3, 2003 Sold
Premium
Sold
Jan 8, 2003 Listed by ePlace $199,900
Listed by ePlace

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Width: 8
Length: 16
Area: 128
Level: Basement
Width: 12
Length: 17
Area: 204
Length: 14
Level: First
Area: 154
Width: 11
Level: First
Length: 13
Width: 12
Area: 156
Level: First
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Vinyl
Laundry Features: In Basement
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: The Brick House
Structure Type: Garden
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame, Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 3929901
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $147,000
Tax Annual Amount: $1,916
Utilities Details
Utilities: for Gas Range
Cooling Type: Wall Unit(s)
Heating Type: Central, Electric Baseboard, Hot Water
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Laundry, Storage
HOA Fee: $125
Community Features: Public Transportation, Shopping, Laundromat
Pets Allowed: No
Complex is Completed
Management: Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30678439
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