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Melrose 02176 Horace Mann
4 West Street
$389,900
● House - Off Market

4 West Street

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,838 Ft²
$603,260
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Legal Single Family. Home was currently on the market as a 2 family. Public Records still has it as a 2 family. Per an agreement with the City of Melrose in 2006 the house was converted from a 2 family to a single family residence.  Home is being sold "AS IS"    Plot Plans are available in the Paper Clip.    New interior staircase is being installed.
Unit Size
2,838 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$137
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1929

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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: 6 months ago (MLSPIN #72228742)

Price History

Date / Event Date Event Price
Jan 19, 2018 Sold
Premium
Sold
Sep 14, 2017 Listed by Coldwell Banker Residential Brokerage - Lexington $389,900
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 7
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 828
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,769
  • Total Building Area: 2,838
  • Gross Building Area: 3,127
  • Building Area: 2,838
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,838
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: URA

Geography

  • Parcel: MELR M:E14 P:0033-35
  • Municipality: MELROSE
  • Latitude: 42.4746
  • Longitude: -71.0568

    Address

  • Full Address: 4 West St
  • Address - House Number: 4
  • Address - Street Name: West
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C022
  • 4-Digit Zip Code: 1421
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $603,100

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 802,060
  • High Value: 949,517
  • Low Value: 654,603

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $607,400
  • Assessed Land Value: $379,200
  • Assessed Improvements Value: $228,200

    Sales

  • Current Sale Recording Date: Jan 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8629
  • Previous Sale Recording Date: Apr 13, 2007
  • Previous Sale Document Type: 48
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:

$892,450

Sale Price/ft²

$478

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2028 ft²

Average Home Age

65.8 years

Currently For Sale

5 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: 6 months ago
Data Source: MLS PIN, MLS# 72228742

Frequently Asked Questions

When was property at 4 West Street built and last sold?
The property at 4 West Street was built in 1929 and last sold on Jan 1, 1970 for $389,900.
How much is this home worth?
The estimated value of the home located at 4 West Street is $394,515.
What are some comparable homes to 4 West Street?
There are currently no comparable homes to 4 West Street.
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