For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Melrose 02176 Melrose East Side
56 School Street
$729,900
● House - Off Market

56 School Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,727 Ft²
$850,200
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Spacious colonial on corner lot in desired Melrose Country Club location.  Large living room with beamed ceilings, hardwood flooring, piano windows and a beautiful fieldstone fireplace. Formal dining room with built in China cabinet and crown moldings. Oversized eat in kitchen with built in breakfast nook.  Second floor features 3 generous size bedrooms and a nice foyer w/ window seat. Hardwood flooring under carpeting on 2nd floor.  Finished walk up third floor.  Enclosed front and rear porches create plenty of extra entertaining area.  Large patio area and shed in back yard.  All fieldstone 2 car garage with loft and extra storage underneath.. Irrigation system..  This home has fabulous stone work throughout and lots of original character and charm..
Unit Size
1,727 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$423
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1915

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 #72780430)

Price History

Date / Event Date Event Price
May 26, 2021 Sold
Premium
Sold
Jan 29, 2021 Listed by RE/MAX Platinum $729,900
Listed by RE/MAX Platinum

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 847
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,354
  • Total Building Area: 1,727
  • Gross Building Area: 3,743
  • Building Area: 1,727
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,727
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 336202

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0F9 P:0000009
  • Municipality: MELROSE
  • Latitude: 42.4605
  • Longitude: -71.0527

    Address

  • Full Address: 56 School St
  • Address - House Number: 56
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C026
  • 4-Digit Zip Code: 3321
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $888,400

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 922,892
  • High Value: 1,083,221
  • Low Value: 762,562

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $894,700
  • Assessed Land Value: $501,500
  • Assessed Improvements Value: $393,200

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 1881153
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

1981 ft²

Average Home Age

91.8 years

Currently For Sale

10 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72780430

Frequently Asked Questions

When was property at 56 School Street built and last sold?
The property at 56 School Street was built in 1915 and last sold on May 26, 2021 for $729,900.
How much is this home worth?
The estimated value of the home located at 56 School Street is $744,937.
What are some comparable homes to 56 School Street?
There are currently no comparable homes to 56 School Street.
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
Popular Searches
Melrose Homes for Sale
Melrose Houses for Sale
Melrose Condos for Sale
Melrose Co-Ops for Sale
Melrose Multifamily for Sale
Melrose Land for Sale
Melrose Commercial for Sale
Melrose Homes with Basements
Nearby Cities
Medford Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Everett Homes for Sale
Stoneham Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Glendale Real Estate
Winchester Town Center Real Estate
Glenwood Real Estate
South Medford Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Medford Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Everett Homes for Sale
Stoneham Homes for Sale
Top Real Estate Agents
Top Agents in Melrose East Side
Top Agents in Melrose
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford
Top Agents in 02148
Top Agents in Malden
Top Agents in Malden