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Melrose 02176 Horace Mann
57 Bay State Rd
$524,000
● House - Off Market

57 Bay State Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,260 Ft²
$781,765
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Highly desirable Horace Mann location. This well maintained Cape features hardwood floors throughout, fire-placed living room, dining room, three spacious bedrooms and 1 1/2 baths . Updates include Cedar Impressions Siding and vinyl replacement windows. Short walk to MBTA (bus).  Offers due by Wednesday, September 27th, 5 pm.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$397
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1950

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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 #72232611)

Price History

Date / Event Date Event Price
Nov 20, 2017 Sold
Premium
Sold
Sep 21, 2017 Listed by Mallon Real Estate $499,900
Listed by Mallon Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,260
  • Gross Building Area: 2,160
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 336201

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:D14 P:0000084
  • Municipality: MELROSE
  • Latitude: 42.4738
  • Longitude: -71.0586

    Address

  • Full Address: 57 Bay State Rd
  • Address - House Number: 57
  • Address - Street Name: Bay State
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C022
  • 4-Digit Zip Code: 1349
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $628,000

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 743,566
  • High Value: 872,743
  • Low Value: 614,390

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $632,400
  • Assessed Land Value: $445,500
  • Assessed Improvements Value: $186,900

    Sales

  • Current Sale Contract Date: Nov 08, 2017
  • Current Sale Recording Date: Nov 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1775841
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 Horace Mann

Stats & Trends

Median Asking:

$899,450

Sale Price/ft²

$473

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2043 ft²

Average Home Age

70.2 years

Currently For Sale

9 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72232611

Frequently Asked Questions

When was property at 57 Bay State Road built and last sold?
The property at 57 Bay State Road was built in 1950 and last sold on Nov 8, 2017 for $524,000.
How much is this home worth?
The estimated value of the home located at 57 Bay State Road is $514,646.
What are some comparable homes to 57 Bay State Road?
There are currently no comparable homes to 57 Bay State Road.
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