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Melrose 02176 Horace Mann
61 Bay State Rd
Photo of 61 Bay State Rd
Sold on May 20, 2025

28

Map

Photo of 61 Bay State Rd
Photo of 61 Bay State Rd
$809,900
● House - Off Market

61 Bay State Rd

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,260 Ft²
$3,959
Est. Monthly
4.90%
Cap Rate

About This Property

Excited to dive into the Melrose market? Here's your chance! This home is brimming with potential. Inside, you'll discover spacious rooms, hardwood floors, and ample storage.  The roomy lot offers great outdoor space and potential for expansion.  Make this house your own by adding your personal touch!
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$555
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1950

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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: 2 years ago (MLSPIN #73364518)

Price History

Date / Event Date Event Price
May 20, 2025 Sold
Premium
Sold
Apr 30, 2025 In contract -
In contract
Apr 24, 2025 Listed $699,900
Listed
Dec 17, 2020 Sold
Premium
Sold
Oct 23, 2020 Listed $529,900
Listed
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,260
  • Gross Building Area: 2,184
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLDEN HILLS PLAZA
  • Land Acres: 0000000115
  • 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: 336201

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:D14 P:0000085
  • Municipality: MELROSE
  • Latitude: 42.4738
  • Longitude: -71.0585

    Address

  • Full Address: 61 Bay State Rd
  • Address - House Number: 61
  • Address - Street Name: Bay State
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Melrose
  • Carrier Code: C022
  • 4-Digit Zip Code: 1349
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $608,300

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 699,712
  • High Value: 821,270
  • Low Value: 578,154

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $612,600
  • Assessed Land Value: $423,200
  • Assessed Improvements Value: $189,400

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Dec 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 240904
  • Previous Sale Recording Date: Mar 18, 2011
  • Previous Sale Amount: $280,000
  • 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 Horace Mann

Stats & Trends

Median Asking:

$899,900

Sale Price/ft²

$468

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1915 ft²

Average Home Age

64 years

Currently For Sale

8 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73364518

Frequently Asked Questions

When was property at 61 Bay State Road built and last sold?
The property at 61 Bay State Road was built in 1950 and last sold on Dec 14, 2020 for $535,000.
How much is this home worth?
The estimated value of the home located at 61 Bay State Road is $691,392.
What are some comparable homes to 61 Bay State Road?
There are currently no comparable homes to 61 Bay State Road.
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