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Melrose 02176 Melrose Highlands
55 Stevens Rd
$525,000
● House - Off Market

55 Stevens Rd

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,776 Ft²
$989,219
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Beautiful C.E. Dutch Col. located on a quiet street in the desired Melrose Highlands.  Front to back livingroom with fireplace.  Formal dining room with wainscotting, gumwood trim and french door.  Very spacious heated sunroom is great for year round pleasure.  Fully applianced kitchen with seperate eating nook,  4 corner bedrooms on second floor. Hardwood flooring throughout. Walk up attic.  Upgraded heat.  The grounds are well manicured with beautiful plantings and a patio. Great home
Unit Size
1,776 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$293
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1928

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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: 4 months ago (MLSPIN #71527890)

Price History

Date / Event Date Event Price
Sep 18, 2020 Sold
Premium
Sold
Jul 15, 2013 Sold
Premium
Sold
May 17, 2013 Listed by Brad Hutchinson Real Estate $519,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,427
  • Total Building Area: 1,776
  • Gross Building Area: 3,808
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000171
  • 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: 336100

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:A11 P:0000087
  • Municipality: MELROSE
  • Latitude: 42.4651
  • Longitude: -71.0759

    Address

  • Full Address: 55 Stevens Rd
  • Address - House Number: 55
  • Address - Street Name: Stevens
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C020
  • 4-Digit Zip Code: 2113
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $872,900

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 955,634
  • High Value: 1,122,259
  • Low Value: 789,010

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $879,100
  • Assessed Land Value: $471,400
  • Assessed Improvements Value: $407,700

    Sales

  • Current Sale Contract Date: Aug 19, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165560
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Amount: $525,000
  • 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 Highlands

Stats & Trends

Median Asking:

$739,450

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3139 ft²

Average Home Age

85.6 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 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# 71527890

Frequently Asked Questions

When was property at 55 Stevens Road built and last sold?
The property at 55 Stevens Road was built in 1928 and last sold on Aug 19, 2020 for $805,000.
How much is this home worth?
The estimated value of the home located at 55 Stevens Road is $535,267.
What are some comparable homes to 55 Stevens Road?
There are currently no comparable homes to 55 Stevens Road.
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