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Melrose 02176 Mount Hood
48 Dexter Road
$440,000
● House - Off Market

48 Dexter Road

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,152 Ft²
$661,646
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

What a holiday present...Start the new year off in your new home!! Just listed 6 room, 3 bedroom Ranch on 7,668 sq ft of land nestled in the woods abutting Mt Hood Golf Course in a very private area in a very up and coming area of newly built homes which start at 1 million and up. Large master bedroom suite with full bath, cathedral ceiling and 2 skylights were added in 1991 as well as the kitchen. Heated porch/Den off the kitchen. 2 driveways. New hot water tank 2019. Roof 9-10 years old. This could be a great condo alternative or retirement get away with one level living. (You enter the basement from the outside)
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$408
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1956

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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 #72598725)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Dec 6, 2019 Listed by Century 21 Sexton & Donohue $469,900
Listed by Century 21 Sexton & Donohue
Nov 30, 1984 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 230
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,667
  • Total Building Area: 1,152
  • Gross Building Area: 2,632
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • 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: SRA

Geography

  • Parcel: MELR M:0H4 P:0000016
  • Municipality: MELROSE
  • Latitude: 42.4459
  • Longitude: -71.0403

    Address

  • Full Address: 48 Dexter Rd
  • Address - House Number: 48
  • Address - Street Name: Dexter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 6502
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 602,879
  • High Value: 713,717
  • Low Value: 492,041

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,900
  • Assessed Land Value: $403,100
  • Assessed Improvements Value: $123,800

    Sales

  • Current Sale Contract Date: Jan 29, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1837374
  • Previous Sale Recording Date: Nov 30, 1984
  • Previous Sale Amount: $65,000
  • 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 Mount Hood

Stats & Trends

Median Asking:

$997,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2104 ft²

Average Home Age

107 years

Currently For Sale

2 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# 72598725

Frequently Asked Questions

When was property at 48 Dexter Road built and last sold?
The property at 48 Dexter Road was built in 1956 and last sold on Jan 29, 2020 for $440,000.
How much is this home worth?
The estimated value of the home located at 48 Dexter Road is $481,707.
What are some comparable homes to 48 Dexter Road?
There are currently no comparable homes to 48 Dexter Road.
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