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Melrose 02176 Melrose East Side
7 Hancock Street
$540,000
● House - Off Market

7 Hancock Street

Melrose, MA 02176
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$724,709
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Wonderful Cape on a newly paved street!! Freshly sanded oak floors on both 1st & 2nd floors. 2.5 baths, huge kitchen, great rear sunroom (heated). Finished space in the lower level includeds a fireplaced family room, full bath, custom built Jacuzzi tub and more!! Two driveways on two streets, the rear yard is a lifetime of gardening delights and patios!! Several storage structures. Great house!!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$245
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #72386427)

Price History

Date / Event Date Event Price
Oct 31, 2018 Sold
Premium
Sold
Aug 30, 2018 Listed by Century 21 Sexton & Donohue $489,900
Listed by Century 21 Sexton & Donohue

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,065
  • Total Building Area: 2,406
  • Gross Building Area: 3,410
  • Building Area: 2,406
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,406
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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: 336300

Zoning

  • Zoning: SRA

Geography

  • Parcel: MELR M:0F3 P:0000090
  • Municipality: MELROSE
  • Latitude: 42.4453
  • Longitude: -71.0524

    Address

  • Full Address: 7 Hancock St
  • Address - House Number: 7
  • Address - Street Name: Hancock
  • Address - Suffix Type: St
  • State: MA
  • City Name: Melrose
  • Carrier Code: C031
  • 4-Digit Zip Code: 6327
  • Zip Code: 02176

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,100

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 790,562
  • High Value: 927,903
  • Low Value: 653,222

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $609,400
  • Assessed Land Value: $400,500
  • Assessed Improvements Value: $208,900

    Sales

  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1800765
  • Previous Sale Recording Date: Dec 30, 2015
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Melrose East Side

Stats & Trends

Median Asking:

$949,900

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2107 ft²

Average Home Age

87 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

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: 6 months ago
Data Source: MLS PIN, MLS# 72386427

Frequently Asked Questions

When was property at 7 Hancock Street built and last sold?
The property at 7 Hancock Street was built in 1960 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 7 Hancock Street is $525,762.
What are some comparable homes to 7 Hancock Street?
There are currently no comparable homes to 7 Hancock Street.
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