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Melrose 02176 Melrose East Side
6 Bancroft
$625,000
● House - Off Market

6 Bancroft

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,903 Ft²
$1,323,740
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Fabulous Colonial home steps from Bellevue Golf Club. Very spacious flr plan offering new quartz counters & stainless steel kitchen in 2008, fireplace living rm, inviting dining rm with sliders to a private patio & a separate play area. The first flr den is perfect for the computer or T V, yet there is more add space in the lower level for casual living (including a 2nd fireplace). The 2nd flr offers four generous size bedrooms, 2 full baths & walk-up attic. New heating & 200 amp C/B.
Unit Size
2,903 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$224
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1953

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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 #71338964)

Price History

Date / Event Date Event Price
Jun 8, 2012 Sold
Premium
Sold
Feb 15, 2012 Listed by Brad Hutchinson Real Estate $649,900
Listed by Brad Hutchinson Real Estate
Sep 3, 1996 Sold
Premium
Sold
Jul 15, 1996 Listed by Brad Hutchinson Real Estate $295,000
Listed by Brad Hutchinson Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 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: 891
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,943
  • Total Building Area: 2,840
  • Gross Building Area: 4,748
  • Building Area: 2,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,840
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • 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: SRB

Geography

  • Parcel: MELR M:0G9 P:0000069
  • Municipality: MELROSE
  • Latitude: 42.4603
  • Longitude: -71.0457

    Address

  • Full Address: 6 Bancroft Rd
  • Address - House Number: 6
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C011
  • 4-Digit Zip Code: 3404
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,069,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,236,056
  • High Value: 1,452,653
  • Low Value: 1,019,460

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,077,200
  • Assessed Land Value: $521,400
  • Assessed Improvements Value: $555,800

    Sales

  • Current Sale Recording Date: Jun 08, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000011
  • Previous Sale Recording Date: Sep 03, 1996
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 27

    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 East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 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: 6 months ago
Data Source: MLS PIN, MLS# 71338964

Frequently Asked Questions

When was property at 6 Bancroft Road built and last sold?
The property at 6 Bancroft Road was built in 1953 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 6 Bancroft Road is $696,594.
What are some comparable homes to 6 Bancroft Road?
There are currently no comparable homes to 6 Bancroft Road.
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