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Melrose 02176 Melrose East Side
41 Rivers Lane
$354,000
● House - Off Market

41 Rivers Lane

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$992,800
RealtyHop Estimate
172.07%
Since Jan 1, 2001
MA-Boston
Primary Model

About This Property

IMMAC.SPLIT ON CUL-DE-SAC. MARBLED FOYER. SLIDERS TO DECK. VAULTED CEILINGS. MB HAS DECK. LL HAS FR W/FP, CT FLOOR, SUMMER KIT., SAUNA, LAUNDRY ROOM,HALF BATH. 2 CAR GAR. ADJACENT NON-BLDBLE LOT IN FLOOD ZONE. CA,NEWER ROOF.
Unit Size
-
Days on Market
-
Land Size
0.44 acres
Price per sqft
-
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1978

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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 #30406176)

Price History

Date / Event Date Event Price
Dec 29, 2000 Sold
Premium
Sold
Apr 28, 2000 Listed $364,900
Listed
Jan 19, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,805
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,084
  • Total Building Area: 2,938
  • Gross Building Area: 4,497
  • Building Area: 2,938
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,938
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000438
  • 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:09F1218
  • Municipality: MELROSE
  • Latitude: 42.468
  • Longitude: -71.0477

    Address

  • Full Address: 41 Rivers Ln
  • Address - House Number: 41
  • 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: $983,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,131,654
  • High Value: 1,328,251
  • Low Value: 935,057

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $990,400
  • Assessed Land Value: $557,100
  • Assessed Improvements Value: $433,300

    Sales

  • Current Sale Recording Date: Dec 29, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 19, 1996
  • Previous Sale Amount: $207,000
  • 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 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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30406176

Frequently Asked Questions

When was property at 41 Rivers Lane built and last sold?
The property at 41 Rivers Lane was built in 1978 and last sold on Jan 1, 1970 for $354,000.
How much is this home worth?
The estimated value of the home located at 41 Rivers Lane is $0.
What are some comparable homes to 41 Rivers Lane?
There are currently no comparable homes to 41 Rivers Lane.
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