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Melrose 02176 Horace Mann
48 Elm Street
$367,900
● House - Off Market

48 Elm Street

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
961 Ft²
$709,038
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Many updates were included when remodeling this charming home. Kitchen has Corian counters and some glass front cabinets. House has recessed lighting, crown molding, fireplace and French Doors leading to backyard. Well preserved hardwood floors and wiring for surround sound. House is complete with 1.5 baths. Located in desirable Horace Mann area.
Unit Size
961 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$385
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #71510475)

Price History

Date / Event Date Event Price
Jun 21, 2013 Sold
Premium
Sold
Apr 17, 2013 Listed by Coldwell Banker Residential Brokerage - Winchester $369,900
Listed by Coldwell Banker Residential Brokerage - Winchester
Sep 27, 2002 Sold
Premium
Sold
Jul 17, 2002 Listed by Brad Hutchinson Real Estate $239,000
Listed by Brad Hutchinson Real Estate
GREAT OPPORTUNITY FOR CONTRACTOR/HANDYMAN TO OWN IN HORACE MANN SCHOOL AREA. HOME IS BEING SOLD AS IS. NO SHOWINGS TILL OPEN HOUSE 7/21/02.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 616
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,744
  • Total Building Area: 961
  • Gross Building Area: 1,728
  • Building Area: 961
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 961
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000063
  • 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: 336202

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:E11 P:0000003
  • Municipality: MELROSE
  • Latitude: 42.4648
  • Longitude: -71.0582

    Address

  • Full Address: 48 Elm St
  • Address - House Number: 48
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C019
  • 4-Digit Zip Code: 2324
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $626,400

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 726,456
  • High Value: 852,784
  • Low Value: 600,129

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,800
  • Assessed Land Value: $326,800
  • Assessed Improvements Value: $304,000

    Sales

  • Current Sale Recording Date: Jun 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 133830
  • Previous Sale Recording Date: Jun 21, 2013
  • Previous Sale Amount: $367,900
  • Previous Sale Document Type: O
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 Horace Mann

Stats & Trends

Median Asking:

$892,450

Sale Price/ft²

$478

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2028 ft²

Average Home Age

65.8 years

Currently For Sale

5 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: 6 months ago
Data Source: MLS PIN, MLS# 71510475

Frequently Asked Questions

When was property at 48 Elm Street built and last sold?
The property at 48 Elm Street was built in 1920 and last sold on Jan 1, 1970 for $367,900.
How much is this home worth?
The estimated value of the home located at 48 Elm Street is $378,378.
What are some comparable homes to 48 Elm Street?
There are currently no comparable homes to 48 Elm Street.
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