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Melrose 02176 Horace Mann
48 Old Brook Circle
$505,000
● House - Off Market

48 Old Brook Circle

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,821 Ft²
$933,904
RealtyHop Estimate
88.67%
Since Jul 1, 2004
MA-Boston
Primary Model

About This Property

Inviting Charm filled Home. Royal Barry Wills Gambrel. Located In Quiet Horace Mann Neighborhood.Lots Of Detail.Spacious Living Room Adorned With Attractive Cast Iron Gas Fireplace.Creatively Designed Kitchen Adjacent To Breakfast Room With Tin Ceiling. First Floor Family Room has Cathedral Ceilings/Sky Lights. Private Yard With Kidney Shaped Gunite In-Ground Pool.Major Systems Are Newer. Rebuilt Chimney, New Heating System, 200 Amp CB.Extra Family Room In Lower Level With Fireplace. A Must See.
Unit Size
1,821 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$272
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1940

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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 #70018585)

Price History

Date / Event Date Event Price
Jun 21, 2004 Sold
Premium
Sold
Apr 2, 2004 Listed by RE/MAX Heritage, LLC $495,000
Listed by RE/MAX Heritage, LLC
May 31, 1996 Sold
Premium
Sold
Feb 15, 1996 Listed by RE/MAX Heritage, LLC $249,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 947
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,029
  • Total Building Area: 1,722
  • Gross Building Area: 2,910
  • Building Area: 1,722
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,722
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 13064-21
  • Land Acres: 0000000253
  • 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: URA

Geography

  • Parcel: MELR M:E11 P:0056-58
  • Municipality: MELROSE
  • Latitude: 42.4648
  • Longitude: -71.0571

    Address

  • Full Address: 48 Old Brook Cir
  • Address - House Number: 48
  • Address - Street Name: Old Brook
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Melrose
  • Carrier Code: C019
  • 4-Digit Zip Code: 2416
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $809,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 980,351
  • High Value: 1,130,599
  • Low Value: 830,103

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $814,800
  • Assessed Land Value: $465,300
  • Assessed Improvements Value: $349,500

    Sales

  • Current Sale Recording Date: Jun 21, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1338236
  • Previous Sale Recording Date: May 31, 1996
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 43
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:

$899,000

Sale Price/ft²

$473

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3259 ft²

Average Home Age

-

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70018585

Frequently Asked Questions

When was property at 48 Old Brook Circle built and last sold?
The property at 48 Old Brook Circle was built in 1940 and last sold on Jan 1, 1970 for $505,000.
How much is this home worth?
The estimated value of the home located at 48 Old Brook Circle is $518,625.
What are some comparable homes to 48 Old Brook Circle?
There are currently no comparable homes to 48 Old Brook Circle.
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