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Melrose 02176 Oak Grove - Pine Banks
61 Lynde St
$425,000
● House - Off Market

61 Lynde St

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,216 Ft²
$762,080
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Need Space ?  Here is your House !  Custom built Gambrel Colonial close to all Melrose has to offer. This home built in 1976 sits on a large  lot. The rear yard is terraced with usable areas. Large rooms through-out. First floor features-Large eat in kitchen with all new Stainless appliances. Laundry room off the kitchen and half bath. Formal dining room, living room and office area with walkout to rear deck. A 26x 15 Lower level family room for the kids or a nice man town. Four bedrooms on the second floor, double closets and master bedroom with bath. Nice laminate floors on the second floor. This home was built to be an efficient electric home with controls in all rooms. Great workshop for the handyman in the basement. Plenty of off street parking. Walk to Schools, bus line, commuter rail to Boston and downtown.
Unit Size
3,216 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$131
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71679288)

Price History

Date / Event Date Event Price
Aug 22, 2014 Sold
Premium
Sold
May 12, 2014 Listed by Century 21 Sexton & Donohue $419,900
Listed by Century 21 Sexton & Donohue
May 12, 2005 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,885
  • Total Building Area: 3,216
  • Gross Building Area: 3,490
  • Building Area: 3,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 3,216
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000296
  • 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: 336404

Zoning

  • Zoning: URB

Geography

  • Parcel: MELR M:0C6 P:0000113
  • Municipality: MELROSE
  • Latitude: 42.4525
  • Longitude: -71.0646

    Address

  • Full Address: 61 Lynde St
  • Address - House Number: 61
  • Address - Street Name: Lynde
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C029
  • 4-Digit Zip Code: 4607
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $694,700

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 792,650
  • High Value: 914,288
  • Low Value: 671,011

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $699,600
  • Assessed Land Value: $340,600
  • Assessed Improvements Value: $359,000

    Sales

  • Current Sale Recording Date: Aug 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125982
  • Previous Sale Recording Date: May 12, 2005
  • Previous Sale Amount: $315,000
  • 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 Oak Grove - Pine Banks

Stats & Trends

Median Asking:

$854,950

Sale Price/ft²

$435

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1966 ft²

Average Home Age

58.9 years

Currently For Sale

9 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 months ago
Data Source: MLS PIN, MLS# 71679288

Frequently Asked Questions

When was property at 61 Lynde Street built and last sold?
The property at 61 Lynde Street was built in 1976 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 61 Lynde Street is $481,299.
What are some comparable homes to 61 Lynde Street?
There are currently no comparable homes to 61 Lynde Street.
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