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Melrose 02176 Downtown Melrose
47 Leonard Rd
$415,000
● House - Off Market

47 Leonard Rd

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$696,029
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Great opportunity to live right near downtown Melrose! This updated two bedroom one bath detached single family is a great condo alternative for those looking to be within walking distance to restaurants and shopping, near the train, and/or have a short commute to Boston.  This home provides generous yard space great  for gardening, pets and entertaining.  An updated chefs kitchen with granite counter tops and ss appliances extends out to a generous back deck, great for indoor-outdoor  enjoyment!!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$449
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1926

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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 months ago (MLSPIN #72066242)

Price History

Date / Event Date Event Price
Oct 28, 2016 Sold
Premium
Sold
Sep 12, 2016 Listed by Northeast Development & Investment, Inc. $419,900
Listed by Northeast Development & Investment, Inc.
May 28, 2013 Sold
Premium
Sold
Apr 11, 2013 Listed by Northeast Development & Investment, Inc. $275,000
Listed by Northeast Development & Investment, Inc.
Dec 10, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 468
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,149
  • Total Building Area: 936
  • Gross Building Area: 1,684
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MELROSE
  • Land Acres: 0000000072
  • 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: 336300

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0D7 P:0000050
  • Municipality: MELROSE
  • Latitude: 42.4541
  • Longitude: -71.0628

    Address

  • Full Address: 47 Leonard Rd
  • Address - House Number: 47
  • Address - Street Name: Leonard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 3914
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $505,100

    Appraisal Valuation

  • Standard Deviation: 0.1589
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 626,952
  • High Value: 726,612
  • Low Value: 527,292

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,700
  • Assessed Land Value: $319,600
  • Assessed Improvements Value: $189,100

    Sales

  • Current Sale Recording Date: Oct 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 193433
  • Previous Sale Recording Date: May 28, 2013
  • Previous Sale Amount: $293,000
  • Previous Sale Document Type: 35
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 Downtown Melrose

Stats & Trends

Median Asking:

$669,900

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1768 ft²

Average Home Age

127.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72066242

Frequently Asked Questions

When was property at 47 Leonard Road built and last sold?
The property at 47 Leonard Road was built in 1926 and last sold on Jan 1, 1970 for $415,300.
How much is this home worth?
The estimated value of the home located at 47 Leonard Road is $430,959.
What are some comparable homes to 47 Leonard Road?
There are currently no comparable homes to 47 Leonard Road.
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