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Melrose 02176 Oak Grove - Pine Banks
42 Lynde St
$660,000
● House - Off Market

42 Lynde St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,511 Ft²
$586,355
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Extremely well loved and cared for home is seeking a new owner who will appreciate it as much and be willing to revitalize it to their liking. Enjoy lazy evenings on the front porch with your favorite beverage. Bright, square rooms, good flow and extra spaces will make this home fit with many lifestyles.  Working from home? - there is an excellent private room on the second floor that is perfect for a home office and even more potential in the walk-up attic. Double wide driveway, oversized one car garage and a nice greenspace. Updated heat and hot water. Ideal location, close to Melrose's' thriving downtown area with all of its trendy shops and restaurants and not far from one of the three stops on the commuter rail. Schedule a private appointment today.
Unit Size
1,511 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$381
Property Type
House
Property Taxes
$507
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #72947758)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Mar 2, 2022 Listed by Brad Hutchinson Real Estate $575,000
Listed by Brad Hutchinson Real Estate
Dec 1, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,556
  • Total Building Area: 1,735
  • Gross Building Area: 3,249
  • Building Area: 1,735
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,735
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • 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: 336404

Zoning

  • Zoning: URC

Geography

  • Parcel: MELR M:0C6 P:0000125
  • Municipality: MELROSE
  • Latitude: 42.4528
  • Longitude: -71.0655

    Address

  • Full Address: 42 Lynde St
  • Address - House Number: 42
  • Address - Street Name: Lynde
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C029
  • 4-Digit Zip Code: 4606
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $725,600

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 736,312
  • High Value: 864,228
  • Low Value: 608,396

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $730,700
  • Assessed Land Value: $389,600
  • Assessed Improvements Value: $341,100

    Sales

  • Current Sale Contract Date: Apr 28, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 63982
  • Previous Sale Recording Date: Dec 01, 1987
  • Previous Sale Amount: $159,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$441

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2033 ft²

Average Home Age

24.5 years

Currently For Sale

6 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
Unit for rent at 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72947758

Frequently Asked Questions

When was property at 42 Lynde Street built and last sold?
The property at 42 Lynde Street was built in 1900 and last sold on Apr 28, 2022 for $660,000.
How much is this home worth?
The estimated value of the home located at 42 Lynde Street is $596,806.
What are some comparable homes to 42 Lynde Street?
There are currently no comparable homes to 42 Lynde Street.
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