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Melrose 02176 Melrose Highlands
49 Nowell Road
$542,000
● House - Off Market

49 Nowell Road

Melrose, MA 02176
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,400 Ft²
$961,720
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

! Loc.! Loc.! Loc.! Fantastic Highlands Location! Situated on one of the Town's prettiest streets this Stately 1938 SE Colonial has so much to offer! This lovely home features: Generous size rms., 4/5 Bedroom FP liv. rm., Hardwood Flrs.,  1st flr. Den or hard to find First Flr. bdrm., unique period built ins, eat in kitchen, formal dining rm that leads to inviting enclosed patio which overlooks private enclosed back yard and sun splashed deck!  walk up Attic with expansion potential! Finished basement with working FP and well landscaped yard with over 16,000+ sq ft lot offers you much privacy. A commuter delight that is conveniently located just about 1/2 mile from Melrose Highlands Commuter train and just a short distance to Melrose's fabulous restaurants and  shopping  only add to this homes appeal!
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$221
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1938

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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 #71704838)

Price History

Date / Event Date Event Price
Aug 13, 2014 Sold
Premium
Sold
Jun 25, 2014 Listed by RE/MAX Unlimited $529,900
Listed by RE/MAX Unlimited

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,083
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,657
  • Total Building Area: 2,399
  • Gross Building Area: 4,449
  • Building Area: 2,399
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,399
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000382
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:C13 P:0000088
  • Municipality: MELROSE
  • Latitude: 42.4708
  • Longitude: -71.0639

    Address

  • Full Address: 49 Nowell Rd
  • Address - House Number: 49
  • Address - Street Name: Nowell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C035
  • 4-Digit Zip Code: 1216
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $857,400

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 960,049
  • High Value: 1,126,834
  • Low Value: 793,264

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $863,400
  • Assessed Land Value: $555,800
  • Assessed Improvements Value: $307,600

    Sales

  • Current Sale Recording Date: Aug 13, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120034
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 Melrose Highlands

Stats & Trends

Median Asking:

$739,450

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3044 ft²

Average Home Age

62.8 years

Currently For Sale

4 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# 71704838

Frequently Asked Questions

When was property at 49 Nowell Road built and last sold?
The property at 49 Nowell Road was built in 1938 and last sold on Jan 1, 1970 for $542,000.
How much is this home worth?
The estimated value of the home located at 49 Nowell Road is $536,286.
What are some comparable homes to 49 Nowell Road?
There are currently no comparable homes to 49 Nowell Road.
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