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Stoneham 02180
62 Gorham Avenue
$472,000
● House - Off Market

62 Gorham Avenue

Stoneham, MA 02180
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,250 Ft²
$685,280
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Convenient, comfortable living awaits. Sited on a corner lot in an ultra accessible "commuter location" close to Routes 93, 128, 28 & 16, with Spot Pond & Main Street shops & restaurants all within quick & easy reach.  Step inside to great space: generously sized rooms, sunny & bright, accented by hardwood floors & a host of lovely features including built-ins, arched doorways & more.  Living room boasts cozy brick fireplace.  Kitchen has stainless steel appliances.  Bonus space to be used as you wish with the den & heated sunroom.  Also boasts new gutters & spouts, newer gas heat & hot water.  Replacement windows, 220 electric.  All this is found on an oversized lot with parking for approx. 8 cars.  A lot of home for the money & large upside potential.  Come see!  OPEN HOUSE Sunday 28 CANCELLED UA
Unit Size
2,250 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$213
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1939

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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 #72527743)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Jul 27, 2019 No longer available -
No longer available
Jul 12, 2019 Price Increased $499,000
↑ $20K (4.2%)
Price Increased
Jun 30, 2019 Listed by RE/MAX Andrew Realty Services $479,000
Listed by RE/MAX Andrew Realty Services

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 652
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,050
  • Total Building Area: 2,285
  • Gross Building Area: 2,362
  • Building Area: 2,285
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,285
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 337300

Zoning

  • Zoning: RA

Geography

  • Account Number: 1995
  • District: 284
  • Parcel: STON M:14 B:000 L:234
  • Lot: 234
  • Municipality: STONEHAM
  • Latitude: 42.468
  • Longitude: -71.0973

    Address

  • Full Address: 62 Gorham Ave
  • Address - House Number: 62
  • Address - Street Name: Gorham
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C001
  • 4-Digit Zip Code: 2865
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $608,100

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 666,474
  • High Value: 778,820
  • Low Value: 554,127

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $574,200
  • Assessed Land Value: $299,700
  • Assessed Improvements Value: $274,500

    Sales

  • Current Sale Contract Date: Aug 28, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 131292
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

50

Average Home Size

2021 ft²

Average Home Age

75.7 years

Currently For Sale

30 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# 72527743

Frequently Asked Questions

When was property at 62 Gorham Avenue built and last sold?
The property at 62 Gorham Avenue was built in 1939 and last sold on Aug 28, 2019 for $472,000.
How much is this home worth?
The estimated value of the home located at 62 Gorham Avenue is $508,282.
What are some comparable homes to 62 Gorham Avenue?
There are currently no comparable homes to 62 Gorham Avenue.
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