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Melrose 02176 Horace Mann
63 Howard Street
$494,900
● House - Off Market

63 Howard Street

Melrose, MA 02176
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
9,999 Ft²
$1,055,928
RealtyHop Estimate
103.10%
Since Oct 1, 2003
MA-Boston
Primary Model

About This Property

LOVELY VICTORIAN HOME IN HORACE MANN AREA.  INLAID HARDWOOD FLOORS IN LIVING AND ENTRY WAY, MARBLE MANTLE, NINE FOOT CEILINGS, BREAKFAST ROOM WITH PLATE RAIL.  FOUR GOOD SIZED BEDROOMS. 2ND FL OFFICE. SUBJ TO SELLER PURCH PART PROPERTY.
Unit Size
9,999 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$52
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1850

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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 years ago (MLSPIN #30749688)

Price History

Date / Event Date Event Price
Sep 23, 2003 Sold
Premium
Sold
Jul 25, 2003 Listed by Brad Hutchinson Real Estate $519,900
Listed by Brad Hutchinson Real Estate
Mar 28, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 979
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,802
  • Total Building Area: 2,109
  • Gross Building Area: 3,919
  • Building Area: 2,109
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,109
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE
  • Land Acres: 0000000179
  • 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: 336202

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:E11 P:0000023
  • Municipality: MELROSE
  • Latitude: 42.4669
  • Longitude: -71.0565

    Address

  • Full Address: 63 Howard St
  • Address - House Number: 63
  • Address - Street Name: Howard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C004
  • 4-Digit Zip Code: 1917
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $828,700

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 970,869
  • High Value: 1,185,697
  • Low Value: 756,042

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $834,500
  • Assessed Land Value: $449,600
  • Assessed Improvements Value: $384,900

    Sales

  • Current Sale Recording Date: Sep 23, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1185
  • Previous Sale Recording Date: Mar 28, 1994
  • Previous Sale Amount: $221,000
  • 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:

$895,000

Sale Price/ft²

$477

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2170 ft²

Average Home Age

61.5 years

Currently For Sale

6 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 30749688

Frequently Asked Questions

When was property at 63 Howard Street built and last sold?
The property at 63 Howard Street was built in 1850 and last sold on Jan 1, 1970 for $494,900.
How much is this home worth?
The estimated value of the home located at 63 Howard Street is $0.
What are some comparable homes to 63 Howard Street?
There are currently no comparable homes to 63 Howard Street.
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