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Melrose 02176 Melrose Highlands
45 Franklin St
Photo of 45 Franklin St
Sold on Sep 23, 2011

1

Map

$359,000
● House - Off Market

45 Franklin St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,304 Ft²
$786,013
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

Step inside and fall in love!  A perfect blend of old world charm and modern upgrades!  Sparkling hardwood floors with inlaid mahogany in both the foyer and dining room, DR also features parquet flooring.  Large kitchen with box window, recessed lighting and modern appliances.  Convenient 1st floor 1/2 bath with laundry hookups.  Very spacious MBR with twin ceiling fans and large closet.  Awesome full bath with tile floors, jacuzzi tub, seperate shower and balcony!  NOT a "drive-by"!!
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$163
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1880

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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: 3 months ago (MLSPIN #71222707)

Price History

Date / Event Date Event Price
Sep 23, 2011 Sold
Premium
Sold
Apr 27, 2011 Listed by Brad Hutchinson Real Estate $374,900
Listed by Brad Hutchinson Real Estate
Mar 19, 2007 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 949
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,279
  • Gross Building Area: 3,974
  • Building Area: 2,279
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,279
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000115
  • 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: 336100

Zoning

  • Zoning: URC

Geography

  • Parcel: MELR M:D12 P:0000040
  • Municipality: MELROSE
  • Latitude: 42.4673
  • Longitude: -71.0621

    Address

  • Full Address: 45 Franklin St
  • Address - House Number: 45
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C035
  • 4-Digit Zip Code: 1820
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $745,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.218
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 881,882
  • High Value: 1,074,220
  • Low Value: 689,544

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $751,100
  • Assessed Land Value: $401,000
  • Assessed Improvements Value: $350,100

    Sales

  • Current Sale Recording Date: Sep 23, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000016
  • Previous Sale Recording Date: Mar 19, 2007
  • Previous Sale Amount: $268,000
  • 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 Highlands

Stats & Trends

Median Asking:

$799,900

Sale Price/ft²

$464

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2823 ft²

Average Home Age

90.9 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: 3 months ago
Data Source: MLS PIN, MLS# 71222707

Frequently Asked Questions

When was property at 45 Franklin Street built and last sold?
The property at 45 Franklin Street was built in 1880 and last sold on Jan 1, 1970 for $359,000.
How much is this home worth?
The estimated value of the home located at 45 Franklin Street is $399,688.
What are some comparable homes to 45 Franklin Street?
There are currently no comparable homes to 45 Franklin Street.
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