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Melrose 02176 Oak Grove - Pine Banks
5 Black Rock Rd
Photo of 5 Black Rock Rd

1

Map

$384,900
● House - Off Market

5 Black Rock Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,914 Ft²
$2,247
Est. Monthly

About This Property

Spacious Colonial Garrison, close to Wyoming & Oak Grove Train Station!! This home has 7 rms, 3 brs, 1.5 baths, finished lower level, garage, is nestled in a quiet neighborhood & features hardwood flooring throughout, ceramic tile in the dining area & kitchen & fireplace in living room. Huge MBR, 4 zone Gas heating system, updated electric, replacement windows, walk up attic for storage, beautiful in-ground pool within a large level fenced yard. Home shows well and is EZ to view!
Unit Size
1,914 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$201
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1950

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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: 4 months ago (MLSPIN #71176049)

Price History

Date / Event Date Event Price
Apr 24, 2018 Sold
Premium
Sold
Mar 2, 2018 Listed by Century 21 Advance Realty $639,900
Listed by Century 21 Advance Realty
May 7, 2013 Sold
Premium
Sold
Jan 9, 2013 Listed by Century 21 Advance Realty $359,900
Listed by Century 21 Advance Realty
Jan 6, 2011 Listed by Century 21 Advance Realty $384,900
Listed by Century 21 Advance Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 588
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,915
  • Total Building Area: 1,914
  • Gross Building Area: 3,241
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • 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: 336403

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0B4 P:0000059
  • Municipality: MELROSE
  • Latitude: 42.4468
  • Longitude: -71.0734

    Address

  • Full Address: 5 Black Rock Rd
  • Address - House Number: 5
  • Address - Street Name: Black Rock
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C034
  • 4-Digit Zip Code: 5114
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $687,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 860,370
  • High Value: 1,000,262
  • Low Value: 720,477

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $692,600
  • Assessed Land Value: $404,200
  • Assessed Improvements Value: $288,400

    Sales

  • Current Sale Recording Date: Apr 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1786073
  • Previous Sale Recording Date: May 07, 2013
  • Previous Sale Amount: $360,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2045 ft²

Average Home Age

29.6 years

Currently For Sale

7 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71176049

Frequently Asked Questions

When was property at 5 Black Rock Road built and last sold?
The property at 5 Black Rock Road was built in 1950 and last sold on Jan 1, 1970 for $635,000.
How much is this home worth?
The estimated value of the home located at 5 Black Rock Road is $649,363.
What are some comparable homes to 5 Black Rock Road?
There are currently no comparable homes to 5 Black Rock Road.
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