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Melrose 02176 Melrose East Side
4 Spear Street
$468,000
● House - Off Market

4 Spear Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,752 Ft²
$783,779
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

Delightful side entrance colonial in the Hoover School area.  Six rooms, three bedrooms, bath and a half up and lower level heated playroom down for the kids to play.  Owners took wall down between kitchen and dining room in 2009 to make new more open kitchen-dining area. Sliders from the dining room lead to a very large pleasant deck that adds great living space in the warm weather.  Yard is completely enclosed for family fun or to keep the dog safe.  Roof was replaced just before sellers bought the house in 2003.  Gas heat, hot water and dryer so cooking could also be by gas.
Unit Size
1,752 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$268
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72008169)

Price History

Date / Event Date Event Price
Jul 27, 2016 Sold
Premium
Sold
May 18, 2016 Listed by Brad Hutchinson Real Estate $469,900
Listed by Brad Hutchinson Real Estate
Jul 15, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1980
  • 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: 16
  • 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: 3
  • Basement Area: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,367
  • Total Building Area: 2,192
  • Gross Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: SRA

Geography

  • Parcel: MELR M:0E3 P:0000112
  • Municipality: MELROSE
  • Latitude: 42.4455
  • Longitude: -71.0533

    Address

  • Full Address: 4 Spear St
  • Address - House Number: 4
  • Address - Street Name: Spear
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 5616
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,900

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 740,302
  • High Value: 853,907
  • Low Value: 626,697

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $680,700
  • Assessed Land Value: $353,800
  • Assessed Improvements Value: $326,900

    Sales

  • Current Sale Recording Date: Jul 15, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1282498
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 Melrose East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1893 ft²

Average Home Age

91.6 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72008169

Frequently Asked Questions

When was property at 4 Spear Street built and last sold?
The property at 4 Spear Street was built in 1967 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 4 Spear Street is $493,164.
What are some comparable homes to 4 Spear Street?
There are currently no comparable homes to 4 Spear Street.
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