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Stoneham 02180
48 Morrison Ave
$691,500
● House - Off Market

48 Morrison Ave

Stoneham, MA 02180
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,390 Ft²
$956,057
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Beautifully maintained Colonial right on the Wakefield/Stoneham Line. Features updated kitchen with white cabinetry , carrara marble, stainless steel appliances,  2 fireplaces, large front to back living room with double doors out to large deck. Lovely level lot in great location! The heating system is a state of the art Buderus system, there is central vacuum, and there are updated thermopane windows throughout.  Refer to Amenities Sheet for property details.
Unit Size
2,390 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$268
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1950

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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 #72284178)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Apr 4, 2018 Sold
Premium
Sold
Feb 21, 2018 Listed by Boardwalk Real Estate $639,900
Listed by Boardwalk Real Estate
Oct 19, 2005 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 886
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,581
  • Total Building Area: 2,960
  • Gross Building Area: 3,259
  • Building Area: 2,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoneham School District
  • School Tax School District: STONEHAM SD
  • Census Tract: 335200

Zoning

  • Zoning: RA

Geography

  • Account Number: 6291
  • District: 284
  • Parcel: STON M:05 B:000 L:12
  • Lot: 12
  • Municipality: STONEHAM
  • Latitude: 42.5005
  • Longitude: -71.0898

    Address

  • Full Address: 48 Morrison Ave
  • Address - House Number: 48
  • Address - Street Name: Morrison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C014
  • 4-Digit Zip Code: 4608
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $870,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 947,208
  • High Value: 1,149,969
  • Low Value: 744,447

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $821,500
  • Assessed Land Value: $400,100
  • Assessed Improvements Value: $421,400

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Mar 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31983
  • Previous Sale Recording Date: Apr 04, 2018
  • Previous Sale Amount: $691,500
  • 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 Stoneham

Stats & Trends

Median Asking:

$749,450

Sale Price/ft²

$434

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2042 ft²

Average Home Age

78.7 years

Currently For Sale

30 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate
Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72284178

Frequently Asked Questions

When was property at 48 Morrison Avenue built and last sold?
The property at 48 Morrison Avenue was built in 1950 and last sold on Mar 31, 2023 for $920,000.
How much is this home worth?
The estimated value of the home located at 48 Morrison Avenue is $666,923.
What are some comparable homes to 48 Morrison Avenue?
There are currently no comparable homes to 48 Morrison Avenue.
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