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Melrose 02176 Melrose East Side
51 6th St
$489,000
● House - Off Market

51 6th St

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$572,748
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Bring your hammer and creative ideas to this adorable Colonial on corner lot in Melrose's east side.  This single family home has loads of charm and potential.  Currently set up as a 3 bedroom, 1.5 bath with some handicap accessible features including a ramp and wide entrance door.  Large deck & enclosed porch with views of the beautiful Common Park.  Nice yard and 3 car, side-by-side driveway parking.  Easy access to Melrose's downtown & MBTA services.  Brand new water heater.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$500
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1920

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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: 5 years ago (MLSPIN #72849223)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Jun 15, 2021 Listed by Weichert REALTORS® Blueprint Brokers $499,900
Listed by Weichert REALTORS® Blueprint Brokers

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 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: 500
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,731
  • Total Building Area: 915
  • Gross Building Area: 2,040
  • Building Area: 915
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 915
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • 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: 336300

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0F8 P:0000055
  • Municipality: MELROSE
  • Latitude: 42.4565
  • Longitude: -71.0521

    Address

  • Full Address: 51 6th St
  • Address - House Number: 51
  • Address - Street Name: 6th
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C015
  • 4-Digit Zip Code: 4138
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $610,300

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 638,353
  • High Value: 755,713
  • Low Value: 520,994

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $614,600
  • Assessed Land Value: $417,200
  • Assessed Improvements Value: $197,400

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171819
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 East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 years

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: 5 years ago
Data Source: MLS PIN, MLS# 72849223

Frequently Asked Questions

When was property at 51 6th Street built and last sold?
The property at 51 6th Street was built in 1920 and last sold on Jul 30, 2021 for $489,000.
How much is this home worth?
The estimated value of the home located at 51 6th Street is $0.
What are some comparable homes to 51 6th Street?
There are currently no comparable homes to 51 6th Street.
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