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Melrose 02176 Oak Grove - Pine Banks
59 Derby Rd
$480,000
● House - Off Market

59 Derby Rd

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,701 Ft²
$956,014
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Renovated Colonial 9 years ago top to bottom NEW everything Professionally Landscaped shaded Fenced in yard.Quiet,Freindly Neighborhood close to downtown Melrose and Oak Grove T station Pine Banks. BIG House in prestine condition. First Open House is Sunday Sept 16 th from 11 to 1 no showings till after Open House Tuesday and Thursday 6 to 7:30 by appoinment only.
Unit Size
2,701 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$170
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1951

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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 #71432604)

Price History

Date / Event Date Event Price
Oct 31, 2012 Sold
Premium
Sold
Sep 9, 2012 Listed by Prudential Buccelli Real Estate, Inc. $459,000
Listed by Prudential Buccelli Real Estate, Inc.
Oct 1, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,047
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,425
  • Total Building Area: 2,702
  • Gross Building Area: 3,458
  • Building Area: 2,702
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,702
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0B3 P:0000067
  • Municipality: MELROSE
  • Latitude: 42.4455
  • Longitude: -71.0693

    Address

  • Full Address: 59 Derby Rd
  • Address - House Number: 59
  • Address - Street Name: Derby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C016
  • 4-Digit Zip Code: 5215
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $812,500

    Appraisal Valuation

  • Standard Deviation: 0.1743
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 980,082
  • High Value: 1,150,970
  • Low Value: 809,195

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,200
  • Assessed Land Value: $377,800
  • Assessed Improvements Value: $440,400

    Sales

  • Current Sale Recording Date: Oct 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000161
  • Previous Sale Recording Date: Oct 01, 1993
  • Previous Sale Amount: $118,000
  • Previous Sale Document Type: 43
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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$859,900

Sale Price/ft²

$444

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1755 ft²

Average Home Age

64.4 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# 71432604

Frequently Asked Questions

When was property at 59 Derby Road built and last sold?
The property at 59 Derby Road was built in 1951 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 59 Derby Road is $466,367.
What are some comparable homes to 59 Derby Road?
There are currently no comparable homes to 59 Derby Road.
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