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Melrose 02176 Melrose East Side
40 Rivers Lane
Photo of 40 Rivers Lane
Sold on Jan 30, 2008

1

Map

$506,000
● House - Off Market

40 Rivers Lane

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$1,048,261
RealtyHop Estimate
99.71%
Since Feb 1, 2008
MA-Boston
Primary Model

About This Property

Nestled along Bellevue Golf Course, on an idyllic & quiet cul-de-sac, sits a 2100 sq/ft, 3BR, 2.5 ba home with a beautiful yd and two-car gar. The home has just undergone a thorough sprucing up & offers gleaming flrs, large fireplaced fam rm, formal LR w/beamed cathedral ceils, and a DR that opens to patio along the 4th hole & tee at the CC. MBR has lg closets & ba. Modern kit w/peninsula & indoor gas grill. Security sys, updated heat sensors, younger roof & electrical. Such a fantastic home!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$250
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1978

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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: 4 months ago (MLSPIN #70683297)

Price History

Date / Event Date Event Price
Jan 30, 2008 Sold
Premium
Sold
Nov 30, 2007 Listed $524,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 1,400
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,497
  • Total Building Area: 2,100
  • Gross Building Area: 3,118
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: SR

Geography

  • Parcel: MELR M:G12 P:0000007
  • Municipality: MELROSE
  • Latitude: 42.4675
  • Longitude: -71.0477

    Address

  • Full Address: 40 Rivers Ln
  • Address - House Number: 40
  • Address - Street Name: Rivers
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Melrose
  • Carrier Code: C019
  • 4-Digit Zip Code: 2508
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $912,900

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,030,783
  • High Value: 1,211,409
  • Low Value: 850,157

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $919,300
  • Assessed Land Value: $541,100
  • Assessed Improvements Value: $378,200

    Sales

  • Current Sale Recording Date: Jan 30, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00015067
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:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2104 ft²

Average Home Age

97.5 years

Currently For Sale

8 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: 4 months ago
Data Source: MLS PIN, MLS# 70683297

Frequently Asked Questions

When was property at 40 Rivers Lane built and last sold?
The property at 40 Rivers Lane was built in 1978 and last sold on Jan 1, 1970 for $506,000.
How much is this home worth?
The estimated value of the home located at 40 Rivers Lane is $556,453.
What are some comparable homes to 40 Rivers Lane?
There are currently no comparable homes to 40 Rivers Lane.
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