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Melrose 02176 Wyoming
6 Prospect Street
$391,000
● House - Off Market

6 Prospect Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,196 Ft²
$769,934
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

Own over 2000 square foot of move-in, freshly painted, quality living space in a fantastic Cedar Park neighborhood, near Fells and train, with 2 fireplaces &  patio space for entertaining.  Unusual lot configuration for gardeners, not for those seeking flat lot.  As a result, buyer gets big discount for this much house in A+ neighborhood.  Yup, find that cherry kitchen that opens to dining room and family room.  Two full baths, and amazing lower level space for guests, extended family and play.
Unit Size
2,196 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$168
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1957

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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 months ago (MLSPIN #71430959)

Price History

Date / Event Date Event Price
Nov 1, 2012 Sold
Premium
Sold
Sep 5, 2012 Listed by RE/MAX Heritage, LLC $369,900
Listed by RE/MAX Heritage, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,156
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,762
  • Total Building Area: 2,196
  • Gross Building Area: 3,172
  • Building Area: 2,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • 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: 336402

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0A8 P:0000030
  • Municipality: MELROSE
  • Latitude: 42.4582
  • Longitude: -71.0765

    Address

  • Full Address: 6 Prospect St
  • Address - House Number: 6
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C014
  • 4-Digit Zip Code: 3012
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,900

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 786,219
  • High Value: 906,714
  • Low Value: 665,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $646,400
  • Assessed Land Value: $449,400
  • Assessed Improvements Value: $197,000

    Sales

  • Current Sale Recording Date: Nov 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
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 Wyoming

Stats & Trends

Median Asking:

$669,000

Sale Price/ft²

$495

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1480 ft²

Average Home Age

96.7 years

Currently For Sale

10 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: 5 months ago
Data Source: MLS PIN, MLS# 71430959

Frequently Asked Questions

When was property at 6 Prospect Street built and last sold?
The property at 6 Prospect Street was built in 1957 and last sold on Jan 1, 1970 for $391,000.
How much is this home worth?
The estimated value of the home located at 6 Prospect Street is $417,811.
What are some comparable homes to 6 Prospect Street?
There are currently no comparable homes to 6 Prospect Street.
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