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Melrose 02176 Melrose East Side
56 Beech Ave
$830,000
● House - Off Market

56 Beech Ave

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,475 Ft²
$751,806
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Charming 3-bedroom, 1.5-bathroom home in a great neighborhood near the common! Beautifully maintained and recently updated, this home boasts hardwood flooring throughout, tons of natural light and charming details like dining room built-in, crown molding and living room fireplace. Granite countertops and stainless steel appliances in the kitchen, with brand new half-bath attached. Three bedrooms and full bath upstairs. Basement provides great storage space and laundry area. Sunny front porch has built-in seating, and rear mudroom opens to the fenced-in yard with stone patio. Nothing to do here but move right in! Open Houses being held: Thursday, 04/28 from 5:00-6:30 PM; Saturday 04/30 from 10:00-11:30AM, Sunday 05/01 from 12:30-2:00PM.
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$502
Property Type
House
Property Taxes
$599
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72971593)

Price History

Date / Event Date Event Price
Jun 21, 2022 Sold
Premium
Sold
Apr 26, 2022 Listed by Commonwealth Properties Residential, LLC $739,900
Listed by Commonwealth Properties Residential, LLC
May 12, 2014 Sold
Premium
Sold
Mar 27, 2014 Listed by Commonwealth Properties Residential, LLC $399,000
Listed by Commonwealth Properties Residential, LLC
Feb 24, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,171
  • Total Building Area: 1,475
  • Gross Building Area: 3,274
  • Building Area: 1,475
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,475
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000119
  • 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:0D6 P:0000127
  • Municipality: MELROSE
  • Latitude: 42.4519
  • Longitude: -71.0584

    Address

  • Full Address: 56 Beech Ave
  • Address - House Number: 56
  • Address - Street Name: Beech
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 4809
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $776,400

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 852,187
  • High Value: 1,001,518
  • Low Value: 702,857

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $781,900
  • Assessed Land Value: $419,300
  • Assessed Improvements Value: $362,600

    Sales

  • Current Sale Contract Date: Jun 21, 2022
  • Current Sale Recording Date: Jun 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92830
  • Previous Sale Recording Date: May 12, 2014
  • Previous Sale Amount: $431,717
  • 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:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2104 ft²

Average Home Age

97.5 years

Currently For Sale

8 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# 72971593

Frequently Asked Questions

When was property at 56 Beech Avenue built and last sold?
The property at 56 Beech Avenue was built in 1900 and last sold on Jun 21, 2022 for $830,000.
How much is this home worth?
The estimated value of the home located at 56 Beech Avenue is $734,466.
What are some comparable homes to 56 Beech Avenue?
There are currently no comparable homes to 56 Beech Avenue.
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