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Melrose 02176 Oak Grove - Pine Banks
7 Converse Lane
$208,000
● House - Off Market

7 Converse Lane

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,272 Ft²
$886,487
RealtyHop Estimate
312.51%
Since Jul 1, 1997
MA-Boston
Primary Model

About This Property

STUNNING BRICK FRT QUAD LEVEL SPLIT,FULL WALL FIREPLACE LR FULLY EQUIPPED EAT IN KIT,SLIDERS OF FORMAL DR,BDRMS HAVE GLEAMING HARDWOOD FLRS,LOWER LEVEL FAMILY ROOM & STEPS TO LOWER LEVEL PLAYROOM,BATHS HAVE BEAUTIFUL CERAMIC TILE,LOT
Unit Size
2,272 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$95
Property Type
House
Property Taxes
$271
HOA Dues
-
Year Built
1972

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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 years ago (MLSPIN #30146675)

Price History

Date / Event Date Event Price
Jun 30, 1997 Sold
Premium
Sold
Jan 30, 1997 Listed by Century 21 Giannelli Assoc.inc $214,900
Listed by Century 21 Giannelli Assoc.inc

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • 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: 1,200
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,372
  • Total Building Area: 2,150
  • Gross Building Area: 2,594
  • Building Area: 2,150
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,150
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000192
  • 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:0B3 P:0000031
  • Municipality: MELROSE
  • Latitude: 42.4459
  • Longitude: -71.0724

    Address

  • Full Address: 7 Converse Ln
  • Address - House Number: 7
  • 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: $679,100

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 853,035
  • High Value: 1,000,264
  • Low Value: 705,807

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,900
  • Assessed Land Value: $428,600
  • Assessed Improvements Value: $255,300

    Sales

  • Current Sale Recording Date: Jun 30, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 43
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 years ago
Data Source: MLS PIN, MLS# 30146675

Frequently Asked Questions

When was property at 7 Converse Lane built and last sold?
The property at 7 Converse Lane was built in 1972 and last sold on Jan 1, 1970 for $208,000.
How much is this home worth?
The estimated value of the home located at 7 Converse Lane is $0.
What are some comparable homes to 7 Converse Lane?
There are currently no comparable homes to 7 Converse Lane.
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