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Melrose 02176 Oak Grove - Pine Banks
65 Converse Lane
$612,000
● House - Off Market

65 Converse Lane

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,042 Ft²
$856,985
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Captivating Melrose property, in impeccable condition, this  home is truly a turnkey property.  Located on a pleasant side street with a short walk to public transportation, this two to three bedroom property has a lot to offer.  Gleaming hardwood floors, tastefully up-dated kitchen and baths, a fully finished walk out lower level, and a full attic for storage complete the package.  The level yard, double driveway and spacious storage shed are an added bonus.  Don't miss this opportunity to become a Melrose resident.
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$269
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1969

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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: 4 months ago (MLSPIN #72199880)

Price History

Date / Event Date Event Price
Sep 15, 2017 Sold
Premium
Sold
Jul 18, 2017 Listed by Boardwalk Real Estate $549,900
Listed by Boardwalk Real Estate
Oct 1, 2003 Sold
Premium
Sold
Dec 14, 2001 Sold
Premium
Sold
Sep 28, 2001 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $309,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
WELL MAINTAINED SPLIT ENTRY ON A TREE LINED STREET NEAR PUBLIC TRANS. FINISHED LL IS IDEAL FOR ENTERTAINING. NEW BOILER, SLIDERS OFF DR TO 11X10 DECK OVERLOOKING NICE LEVEL YARD. 2 DRIVEWAYS,NEW CARPET IN LL. SEE SELLER DESCRIPTION.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,037
  • Total Building Area: 2,042
  • Gross Building Area: 2,266
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MELROSE
  • Land Acres: 0000000139
  • 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: 336403

Zoning

  • Zoning: URA

Geography

  • Parcel: MELR M:0B4 P:0000062
  • Municipality: MELROSE
  • Latitude: 42.4459
  • Longitude: -71.0736

    Address

  • Full Address: 65 Converse Ln
  • Address - House Number: 65
  • Address - Street Name: Converse
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Melrose
  • Carrier Code: C034
  • 4-Digit Zip Code: 5101
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $714,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 921,101
  • High Value: 1,070,867
  • Low Value: 771,334

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $719,000
  • Assessed Land Value: $417,900
  • Assessed Improvements Value: $301,100

    Sales

  • Current Sale Contract Date: Sep 14, 2017
  • Current Sale Recording Date: Sep 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1770582
  • Previous Sale Recording Date: Oct 01, 2003
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: 48
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:

$864,900

Sale Price/ft²

$441

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1801 ft²

Average Home Age

67.4 years

Currently For Sale

5 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
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# 72199880

Frequently Asked Questions

When was property at 65 Converse Lane built and last sold?
The property at 65 Converse Lane was built in 1969 and last sold on Sep 14, 2017 for $612,000.
How much is this home worth?
The estimated value of the home located at 65 Converse Lane is $582,059.
What are some comparable homes to 65 Converse Lane?
There are currently no comparable homes to 65 Converse Lane.
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