For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Melrose 02176 Oak Grove - Pine Banks
5 Walnut Street
$725,000
● House - Off Market

5 Walnut Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,364 Ft²
$753,554
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Tucked away on a downtown Melrose side street & just a short stroll to restaurants, shops & commuter train~~ this Colonial Style home, circa 1951, offers versatile space & a level rear yard. This 3 bed 1.5 bath residence has been lovingly maintained & cared for & offers well proportioned rooms with hardwood floor & welcoming expansive spaces for casual everyday easy living. A few of the features of this home are a family room with wood burning stove & a bonus lower level flex space. There is lovely detail throughout, abundant natural light, generous off street parking, low maintenance vinyl siding & abundant storage in the attic as well as the basement. All appliances included in sale. Walk score of 91 in super hot Melrose!!
Unit Size
2,364 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$317
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1951

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73090665)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 23, 2023 Listed by Redfin Corp. $750,000
Listed by Redfin Corp.
Jan 16, 2003 Sold
Premium
Sold
Nov 30, 2002 Listed by Redfin Corp. $357,500
Listed by Redfin Corp.
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 838
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,789
  • Total Building Area: 1,676
  • Gross Building Area: 2,639
  • Building Area: 1,676
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,676
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • 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: 336404

Zoning

  • Zoning: URC

Geography

  • Parcel: MELR M:0C6 P:0101-02
  • Municipality: MELROSE
  • Latitude: 42.4529
  • Longitude: -71.0644

    Address

  • Full Address: 5 Walnut St
  • Address - House Number: 5
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C039
  • 4-Digit Zip Code: 4619
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $691,800

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 782,124
  • High Value: 918,184
  • Low Value: 646,064

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $696,700
  • Assessed Land Value: $394,900
  • Assessed Improvements Value: $301,800

    Sales

  • Current Sale Contract Date: May 05, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46441
  • Previous Sale Recording Date: Jan 16, 2003
  • Previous Sale Amount: $357,500
  • Previous Sale Document Type: 27
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:

$864,900

Sale Price/ft²

$441

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1801 ft²

Average Home Age

67.4 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

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73090665

Frequently Asked Questions

When was property at 5 Walnut Street built and last sold?
The property at 5 Walnut Street was built in 1951 and last sold on May 5, 2023 for $725,000.
How much is this home worth?
The estimated value of the home located at 5 Walnut Street is $756,714.
What are some comparable homes to 5 Walnut Street?
There are currently no comparable homes to 5 Walnut Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Melrose Homes for Sale
Melrose Houses for Sale
Melrose Condos for Sale
Melrose Co-Ops for Sale
Melrose Multifamily for Sale
Melrose Land for Sale
Melrose Commercial for Sale
Melrose Homes with Basements
Nearby Cities
Medford Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Everett Homes for Sale
Stoneham Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Glendale Real Estate
Winchester Town Center Real Estate
Glenwood Real Estate
South Medford Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Medford Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Everett Homes for Sale
Stoneham Homes for Sale
Top Real Estate Agents
Top Agents in Oak Grove - Pine Banks
Top Agents in Melrose
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford
Top Agents in 02148
Top Agents in Malden
Top Agents in Malden