For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
$200,000
● Condo - Off Market

53 Melrose #5F

Melrose, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$385,278
RealtyHop Estimate
92.74%
Since Mar 1, 2014
National-US
Primary Model

About This Property

Rare opportunity at Melrose Towers! Equity awaits your courtship in this spacious, 2 bedroom condo. Open concept, eat-in kitchen, living room & dining room, good closet space, indoor & outdoor pool, tennis court, parking, in-building laundry, on a great location with accessibility to all major routes, public transportation and within walking distance to the newly opened Whole Foods.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
-
Price per sqft
$185
Property Type
Condo
Property Taxes
$212
HOA Dues
$488
Year Built
-

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: 5 years ago (MLSPIN #71626995)

Price History

Date / Event Date Event Price
Feb 26, 2014 Sold
Premium
Sold
Jan 27, 2014 Listed by Brad Hutchinson Real Estate $199,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Air Conditioning
Parking Available
Interior Details
Area: 35
Length: 5
Width: 7
Width: 9
Features: Flooring - Wall to Wall Carpet
Length: 12
Area: 108
Width: 10
Length: 8
Area: 80
Length: 14
Area: 154
Features: Flooring - Wall to Wall Carpet
Width: 11
Features: Closet, Flooring - Wall to Wall Carpet
Width: 10
Length: 11
Area: 110
Features: Closet, Flooring - Wall to Wall Carpet
Length: 12
Width: 13
Area: 156
Full Bathrooms: 1
Interior Features: Sitting Room
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Vinyl, Carpet
Laundry Features: In Building
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Guest
Exterior Details
Has Property Attached
Entry Level: 5
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Melrose Towers
Structure Type: Mid-Rise
Stories (Total): 5
Building Area Units: Square Feet
Construction Materials: Stone
Patio and Porch Features: Screened
Lead Paint: Unknown
Pool Features: Association, In Ground, Indoor, Heated
Lot Size Units: Acres
Zoning: URC
Parcel Number: 658806
Water Source: Public
Financial Details
Tax Assessed Value: $194,800
Tax Annual Amount: $2,538
Utilities Details
Cooling Type: Central Air
Heating Type: Electric Baseboard, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool, Laundry, Elevator(s), Tennis Court(s), Sauna/Steam
HOA Fee: $488
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
Pets Allowed: Yes
Complex is Completed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 71626995
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
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