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Melrose 02176 Melrose Highlands
58 Maple Road
$1,205,000
● House - Off Market

58 Maple Road

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,205 Ft²
$6,891
Est. Monthly

About This Property

Desirable Melrose Highlands location with rare large size lot. Perfect space to create whatever you can imagine. Primary bedroom suite on first floor, 4 bedroom, 3 bath has been renovated top to bottom. New Roof, New HVAC, New Water heater, New Kitchen & Appliances, New Bathrooms, New  French Drain installed, new paved driveway. Rooftop deck to overlook the expansive yard. Cedar Closet. Central Air. Short distance to Highlands Train Stop, Middlesex Fells walking and hiking trails, Sewall Woods,  restaurants and downtown Melrose.Land area could allow buyer to build-out home to create a two family property or expanded home if desired. Buyer and buyers agent to  perform due diligence.
Unit Size
2,205 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$566
Property Type
House
Property Taxes
$758
HOA Dues
-
Year Built
1930

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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 #73153065)

Price History

Date / Event Date Event Price
Dec 4, 2023 Sold
Premium
Sold
Oct 26, 2023 In contract -
In contract
Sep 7, 2023 Listed by Century 21 North East $1,249,000
Listed by Century 21 North East
Oct 16, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • 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: 650
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,308
  • Total Building Area: 1,984
  • Gross Building Area: 3,208
  • Building Area: 1,984
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,984
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000420
  • 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:0000093
  • Municipality: MELROSE
  • Latitude: 42.4654
  • Longitude: -71.0753

    Address

  • Full Address: 58 Maple Rd
  • Address - House Number: 58
  • Address - Street Name: Maple
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C020
  • 4-Digit Zip Code: 2122
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $907,200

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 94
  • Final Value: 1,260,995
  • High Value: 1,358,704
  • Low Value: 1,163,286

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $913,600
  • Assessed Land Value: $511,700
  • Assessed Improvements Value: $401,900

    Sales

  • Current Sale Contract Date: Dec 04, 2023
  • Current Sale Recording Date: Dec 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 138280
  • Previous Sale Recording Date: Oct 16, 2019
  • Previous Sale Contract Date: Oct 16, 2019
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$739,900

Sale Price/ft²

$464

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2970 ft²

Average Home Age

73.8 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# 73153065

Frequently Asked Questions

When was property at 58 Maple Road built and last sold?
The property at 58 Maple Road was built in 1930 and last sold on Dec 4, 2023 for $1,205,000.
How much is this home worth?
The estimated value of the home located at 58 Maple Road is $1,238,040.
What are some comparable homes to 58 Maple Road?
There are currently no comparable homes to 58 Maple Road.
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