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Melrose 02176 Wyoming
58 Cutter Street
$780,000
● House - Off Market

58 Cutter Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,384 Ft²
$849,432
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Beautiful updated colonial home features 3 bedrooms, 2 full baths, and a renovated kitchen. The oversized flat and fenced yard features a new patio and sprinkler system. New gas heating system, central air, and tankless water heater. This very pretty home is centrally located with easy access of all public transportation (bus to Oak Grove and the commuter rail), downtown Melrose, the farmers market and major highways. Enjoy coffee on the wrap-around front porch and consider yourself home!
Unit Size
1,384 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$571
Property Type
House
Property Taxes
$564
HOA Dues
-
Year Built
1897

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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: 6 months ago (MLSPIN #73049798)

Price History

Date / Event Date Event Price
Dec 30, 2022 Sold
Premium
Sold
Nov 15, 2022 In contract -
In contract
Oct 19, 2022 Listed by Compass $790,000
Listed by Compass
Mar 17, 2020 Sold
Premium
Sold
May 27, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 842
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,979
  • Total Building Area: 1,384
  • Gross Building Area: 2,476
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 336402

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0A7 P:0000057
  • Municipality: MELROSE
  • Latitude: 42.4563
  • Longitude: -71.0766

    Address

  • Full Address: 58 Cutter St
  • Address - House Number: 58
  • Address - Street Name: Cutter
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C014
  • 4-Digit Zip Code: 3645
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,200

    Appraisal Valuation

  • Standard Deviation: 0.232
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 787,001
  • High Value: 969,661
  • Low Value: 604,342

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $762,500
  • Assessed Land Value: $423,100
  • Assessed Improvements Value: $339,400

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Dec 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 189315
  • Previous Sale Recording Date: Mar 17, 2020
  • Previous Sale Contract Date: Mar 12, 2020
  • Previous Sale Amount: $613,250
  • 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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$500

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1652 ft²

Average Home Age

96.8 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

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: 6 months ago
Data Source: MLS PIN, MLS# 73049798

Frequently Asked Questions

When was property at 58 Cutter Street built and last sold?
The property at 58 Cutter Street was built in 1897 and last sold on Dec 30, 2022 for $780,000.
How much is this home worth?
The estimated value of the home located at 58 Cutter Street is $788,365.
What are some comparable homes to 58 Cutter Street?
There are currently no comparable homes to 58 Cutter Street.
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