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Melrose 02176 Melrose East Side
59 Hillside Avenue
Photo of 59 Hillside Avenue
Sold on Apr 26, 2011

1

Map

$483,500
● House - Off Market

59 Hillside Avenue

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,680 Ft²
$986,611
RealtyHop Estimate
112.17%
Since May 1, 2011
MA-Boston
Primary Model

About This Property

Inviting 1929 Arts & Crafts home ideally sited on a quiet, east-side street boasts exemplary space, natural wood & the right updates. Fireplaced LR accented by gumwood adjoins formal DR; granite EIK hosts moldings & thoughtful open shelving. Much-coveted 1st flr family room features a ribbon of windows & overlooks the flat, private yd. Generous BRs graced by HWF, blt-ins & fabulous closet space. 2 full baths, 1c gar; updtd heat & wndws. Walk to dwntwn, train & Fells. This IS the complete package
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$277
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 8 months ago (MLSPIN #71191381)

Price History

Date / Event Date Event Price
Apr 26, 2011 Sold
Premium
Sold
Feb 23, 2011 Listed by RE/MAX Heritage, LLC $465,000
Listed by RE/MAX Heritage, LLC
Sep 12, 2003 Sold
Premium
Sold
Jun 21, 2003 Listed by RE/MAX Heritage, LLC $429,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 3
  • Basement Area: 1,560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,184
  • Total Building Area: 2,313
  • Gross Building Area: 3,034
  • Building Area: 2,313
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,313
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000119
  • 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:0D9 P:0000091
  • Municipality: MELROSE
  • Latitude: 42.4592
  • Longitude: -71.0595

    Address

  • Full Address: 59 Hillside Ave
  • Address - House Number: 59
  • Address - Street Name: Hillside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Melrose
  • Carrier Code: C024
  • 4-Digit Zip Code: 3217
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $807,600

    Appraisal Valuation

  • Standard Deviation: 0.1766
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,021,914
  • High Value: 1,202,432
  • Low Value: 841,397

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $813,300
  • Assessed Land Value: $459,900
  • Assessed Improvements Value: $353,400

    Sales

  • Current Sale Recording Date: Apr 26, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000007
  • Previous Sale Recording Date: Sep 12, 2003
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: 27
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:

$934,950

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1976 ft²

Average Home Age

93.5 years

Currently For Sale

6 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

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Last Updated: 8 months ago
Data Source: MLS PIN, MLS# 71191381

Frequently Asked Questions

When was property at 59 Hillside Avenue built and last sold?
The property at 59 Hillside Avenue was built in 1929 and last sold on Jan 1, 1970 for $487,500.
How much is this home worth?
The estimated value of the home located at 59 Hillside Avenue is $488,308.
What are some comparable homes to 59 Hillside Avenue?
There are currently no comparable homes to 59 Hillside Avenue.
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