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Melrose 02176 Mount Hood
59 Sycamore Rd
$650,000
● House - Off Market

59 Sycamore Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,920 Ft²
$742,273
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Come and view this 3 Bedroom cape seated on a lovely large lot in the sought after Mount Hood Golf Club neighborhood. This home features an inviting fireplace living room, gleaming hardwood floors, spacious open dining room, kitchen combo & partially finished walk-out lower level. ONLY STEPS TO THE GOLF CLUB, & Towners Pond for fishing. Enjoy energy efficient living with Solar powered electricity, insulated walls, 6 year young roof, and entertaining fenced in yard. In the Fall enjoy scenic walks at the golf course and winter months you can sled and snow tube! Easy access to Rt. 1 and Rt. 93 or take the Bus the 131 to Oak Grove MBTA station.    This is a Must See, the home that you deserve awaits you!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$300
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #72721216)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Sep 9, 2020 Listed by Lewis & Clark Realty $575,757
Listed by Lewis & Clark Realty

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,259
  • Total Building Area: 1,920
  • Gross Building Area: 2,504
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 336300

Zoning

  • Zoning: SRB

Geography

  • Parcel: MELR M:0G7 P:0000024
  • Municipality: MELROSE
  • Latitude: 42.4542
  • Longitude: -71.0455

    Address

  • Full Address: 59 Sycamore Rd
  • Address - House Number: 59
  • Address - Street Name: Sycamore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C025
  • 4-Digit Zip Code: 5010
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,700

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 816,102
  • High Value: 941,178
  • Low Value: 691,027

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $680,500
  • Assessed Land Value: $475,600
  • Assessed Improvements Value: $204,900

    Sales

  • Current Sale Contract Date: Oct 19, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 199602
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 Mount Hood

Stats & Trends

Median Asking:

$997,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2104 ft²

Average Home Age

107 years

Currently For Sale

2 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 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72721216

Frequently Asked Questions

When was property at 59 Sycamore Road built and last sold?
The property at 59 Sycamore Road was built in 1954 and last sold on Oct 19, 2020 for $650,000.
How much is this home worth?
The estimated value of the home located at 59 Sycamore Road is $0.
What are some comparable homes to 59 Sycamore Road?
There are currently no comparable homes to 59 Sycamore Road.
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