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Stoneham 02180
6 Merrow Ln
$390,000
● House - Off Market

6 Merrow Ln

Stoneham, MA 02180
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,032 Ft²
$659,734
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

Lovingly cared for by one owner for over 60 years, this well maintained ranch is ready for new owners to love it and make as many memories as they did. With hardwood floors throughout,  3 bedrooms, cozy family room and a spacious basement just waiting to be finished stubbed for 1/2 bath. Quiet dead end street within walking distance to stores and bus stop as well as a school in your back yard! No need to worry about bussing or carpooling when you live here!
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$388
Property Type
House
Property Taxes
$323
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: 4 months ago (MLSPIN #72067696)

Price History

Date / Event Date Event Price
Nov 28, 2016 Sold
Premium
Sold
Sep 15, 2016 Listed by Century 21 CELLI $399,900
Listed by Century 21 CELLI

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,392
  • Total Building Area: 1,032
  • Gross Building Area: 2,145
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DONALD W BAILEY
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoneham School District
  • School Tax School District: STONEHAM SD
  • Census Tract: 337101

Zoning

  • Zoning: RB

Geography

  • Account Number: 1150
  • District: 284
  • Parcel: STON M:12 B:000 L:314
  • Lot: 314
  • Municipality: STONEHAM
  • Latitude: 42.4846
  • Longitude: -71.0975

    Address

  • Full Address: 6 Merrow Ln
  • Address - House Number: 6
  • Address - Street Name: Merrow
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C028
  • 4-Digit Zip Code: 1231
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $508,000

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 595,390
  • High Value: 706,173
  • Low Value: 484,606

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,700
  • Assessed Land Value: $327,200
  • Assessed Improvements Value: $152,500

    Sales

  • Current Sale Recording Date: Nov 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 212565
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 Stoneham

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$434

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2143 ft²

Average Home Age

71.6 years

Currently For Sale

28 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# 72067696

Frequently Asked Questions

When was property at 6 Merrow Lane built and last sold?
The property at 6 Merrow Lane was built in 1953 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 6 Merrow Lane is $404,916.
What are some comparable homes to 6 Merrow Lane?
There are currently no comparable homes to 6 Merrow Lane.
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