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Melrose 02176 Melrose East Side
52 Spear St.
$425,000
● House - Off Market

52 Spear St.

Melrose, MA 02176
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,101 Ft²
$641,247
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Meticulously cared for single family home in wonderful residential Melrose neighborhood.  The long time owner has taken outstanding care of this immaculate two bedroom home complete with eat-in-kitchen, formal dining room, hardwood floors, detached garage(with bonus room), partially finished basement and more.  A short walk to the desirable Hoover School, this property's main selling point may just be the oversized lot; the enormous back yard which has been lovingly taken care of over the years is a great spot to see some of the best sunsets Melrose has to offer.  Newer roof and heating system, rear deck, and vinyl siding.  Open Houses Saturday 3/12 from 11am-1pm and Sunday 3/13 11am-1pm.  Any offers will be reviewed Monday 3/14 at 6pm.
Unit Size
1,101 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$344
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1892

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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 months ago (MLSPIN #71969233)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
Apr 22, 2021 Listed by Unlimited Sotheby's International Realty $559,900
Listed by Unlimited Sotheby's International Realty
Apr 28, 2016 Sold
Premium
Sold
Mar 9, 2016 Listed by Unlimited Sotheby's International Realty $379,000
Listed by Unlimited Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1892
  • Effective Year Built: 1892
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 766
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,891
  • Total Building Area: 1,291
  • Gross Building Area: 2,242
  • Building Area: 1,291
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,291
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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:0E4 P:0000089
  • Municipality: MELROSE
  • Latitude: 42.4483
  • Longitude: -71.0539

    Address

  • Full Address: 52 Spear St
  • Address - House Number: 52
  • Address - Street Name: Spear
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 5627
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $658,500

    Appraisal Valuation

  • Standard Deviation: 0.2176
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 728,999
  • High Value: 887,701
  • Low Value: 570,297

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $663,100
  • Assessed Land Value: $408,400
  • Assessed Improvements Value: $254,700

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 150130
  • Previous Sale Recording Date: Apr 28, 2016
  • Previous Sale Amount: $425,000
  • 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 Melrose East Side

Stats & Trends

Median Asking:

$949,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1932 ft²

Average Home Age

94 years

Currently For Sale

11 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: 5 months ago
Data Source: MLS PIN, MLS# 71969233

Frequently Asked Questions

When was property at 52 Spear Street built and last sold?
The property at 52 Spear Street was built in 1892 and last sold on Jul 1, 2021 for $651,250.
How much is this home worth?
The estimated value of the home located at 52 Spear Street is $567,832.
What are some comparable homes to 52 Spear Street?
There are currently no comparable homes to 52 Spear Street.
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